TAX TIDBIT
Kustoff Joins Ways and Means. Rep. David Kustoff
(R-TN) has been selected to replace former Rep. Tom Reed (R-NY),
who resigned from Congress earlier this year, on the House Ways and
Means Committee. He will sit on the Worker and Family Support
Subcommittee, the Oversight Subcommittee and the Social Security
Subcommittee, where he will be the second-most senior Republican
behind Ranking Member David Schweikert (R-AZ).
In a press release on his new committee assignment,
Kustoff said, “As the only Republican from the mid-South on
this committee, West Tennessee and the Mid-South region will have a
seat at the table on issues such as taxes, trade, and
healthcare.” He added that he looks “forward to working
to advance strong policies that will get our nation’s economy
back on track and protect hardworking Americans and businesses
against the Biden Administration’s reckless agenda.”
Since joining Congress, Kustoff has introduced one tax bill, the
Small Business Taxpayer Bill of Rights Act (H.R.7033). The bill,
which was introduced in March 2022 and has no co-sponsors, would
modify tax enforcement procedures by:
- Awarding costs to small businesses for administrative and court
proceedings; - Terminating IRS employees for misconduct;
- Allowing tax deductions for a taxpayer’s expenses for
certain audits; and - Establishing a 10-year term for the National Taxpayer
Advocate.
Kustoff is serving his third term and previously served on the
House…
