Social Security Report

Ways and Means Chairman Lauds Working Families Tax Cuts, Trump Accounts

In a press release issued earlier today, Ways and Means Committee Chairman Jason Smith (MO-08) described the Trump accounts formally announced yesterday as “One of the biggest legacies of [Trump’s] presidency.” Smith’s remarks outlined the details of the accounts and, through a personal story, offered an everyday perspective on the importance of such legislative assistance. Click here to read the press release in full; also, click here to read additional information regarding this component of the One Big Beautiful Bill Act signed into law July 4, 2025.

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