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 Financial…
