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Ways and Means opening: lawmaker lauds 2017 tax law, warns against OECD global minimum tax
Summary
In opening remarks to the House Ways and Means committee, an unidentified committee member praised the 2017 Tax Cuts and Jobs Act and the July 4, 2025 Working Families Tax Cuts Act, cited a Joint Committee on Taxation analysis on a potential global minimum tax, and criticized administration actions on international tax talks.
An unidentified member of the House Ways and Means committee opened the hearing by thanking witnesses and using his opening statement to defend recent Republican tax legislation and criticize proposed international tax rules.
The member praised the 2017 Tax Cuts and Jobs Act, saying it "made this nation the best place in the world to build, to invest in, and to create jobs," and credited the law with reversing an "unstoppable trend" of corporate inversions. He said Republican lawmakers later worked to strengthen that policy and that, on "07/04/2025, president Trump signed his signature Working Families Tax Cuts act into law," a measure the speaker said "protects and creates over 7,000,000 American…
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