House Ways & Means Chair Jason Smith (R-Mo.) spoke about the first anniversary of the passage of the Working Families Tax Cut and the chances of another reconciliation bill in an interview with the Ruthless Podcast."When we were here last time, it was literally the fight that I was having with the United States Senate trying to do one big bill instead of multiple different bills," Smith said in an interview released on Thursday morning."We were able to get it delivered and for the president to sign it into law on July 4th of last year.
It's the largest tax cut in US history, out of every tax cut that's ever been done."Smith was instrumental in shaping the bill and touted the benefits of the expanded child tax credit, the no-tax-on-tips provision, and the no-tax-on-overtime provisions to working families and small businesses.TRUMP WILL WELCOME FARMERS AND RANCHERS TO WHITE HOUSE DINNER TO CELEBRATE TRADE, TAX WINSHouse Budget Committee Ranking Member Jason Smith, R-Mo., speaks with Fox News Digital at the America First Action Conference in Washington, D.C.(Tyler Olson and Haris Alic/Fox News)"I did have a waitress come up to be in my district down in Fredericktown, Missouri, a couple of months ago, and it’s exactly why you do this," Smith said.
"She's like, ‘Congressman, I just wanna say thank you.I got my tax refund back.
And it was over $10,000.’"From a legislative perspective, Smith specifically highlighted the significant welfare reforms, investment in border security, and cuts to spending.Now, 365 days later, Republicans are once again considering another reconciliation bill.HOUSE REPUBLICANS RIP INTO SENATE FOR DELAYING IMMIGRATION RECONCILIATION PACKAGE: 'I'M VERY FRUSTRATED'President Donald Trump signs a sweeping spending and tax legislation, known as the "One Big Beautiful Bill Act," during a picnic with military families to mark Independence Day, at the White House in Washington, D.C., U.S., July 4, 2025.(Samuel Corum/Getty Images)"I pushed so...