4.7 • 697 Ratings
🗓️ 28 April 2025
⏱️ 11 minutes
🧾️ Download transcript
In this episode, Hugh Hewitt talks with House Ways and Means Committee Chairman Jason Smith about the urgent push to finalize a major tax reform bill that makes Trump-era cuts permanent and includes pro-growth provisions. Smith emphasizes the need for unity in the GOP to pass the bill by July 4th, calling it a "big beautiful bill" to deliver economic certainty.
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0:00.0 | Thanks for listening to the Town Hall Review with Hugh Hewitt podcast, bringing to you the best voices on the stories and issues that matter. Here's another piece I'll trust you enjoy. |
0:10.2 | Chairman of the House Ways and Means Committee, Congressman Jason Smith of Missouri, Congressman, you're in Missouri. Are you back in D.C.? |
0:17.0 | I am in Missouri and pretty glad to be home. That's what I always hear from Missouri. |
0:24.5 | Keep your eye open for Tim Garrison. He's a buddy of mine. You probably know Tim. |
0:29.3 | Tim's a great guy. Very good man. Wonderful, wonderful guy. Look, Congressman, I had breakfast this morning |
0:35.1 | with a mortgage banker and he told told me, the economy is not |
0:38.7 | going to settle and grow until we get the tax bill, straightened out. I agree. So when do we get the tax |
0:44.6 | bill? You know, I totally agree, Hugh, this is why you and I, the last time we were talking, |
0:51.0 | we were talking about how we needed to pass the tax cuts first, how we needed |
0:55.8 | one big, beautiful bill. That's why I've been pushing it is because America needs certainty. |
1:01.5 | You're looking at 27 million small businesses that they're making decisions for next year, |
1:09.8 | and they don't know if their tax rate is going to be 43.4% or 23 to 28%. |
1:15.3 | We have to provide that certainty, and that's, in fact, what we'll do. |
1:19.5 | I'm thankful that the House and the Senate have passed the budget resolution. |
1:24.9 | That is just part of the process, and now the real bill comes. And so |
1:29.5 | you'll see the 11 different committees in the House of Representatives start marking up over the |
1:34.7 | next couple weeks, different portions of this big, beautiful bill. And we'll get it done. We'll get it |
1:41.4 | done fairly soon. I'm happy with the progress that we've been moving |
1:46.5 | so far. A couple of specific questions, Congressman. Where do you expect the debate on the salt |
1:52.5 | state and local tax deduction to settle? You know, so that's always been one of the key |
1:59.5 | sticking points. That and a lot of the IRA green credits are things that have a lot of conversations. |
2:06.9 | We've been pulling all kinds of numbers from the individual congressional districts of our members in California, New York, New Jersey, and trying to figure out what is that right spot. |
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