Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Bureau of Labor Statistics released the October 2024 jobs report showing only 12,000 jobs created:
“This jobs report is more evidence of the stunning incompetence of the Biden-Harris Administration. If you look under the hood of the Biden-Harris jobs market, the facts show an ongoing struggle for blue-collar workers, a boom for bureaucrats, and paychecks that don’t pay the bills anymore. Taxpayers funded over 1.6 million new bureaucrats under the Biden-Harris Administration, while manufacturers cut 50,000 jobs in the last year. The average paycheck is worth 3.2 percent less today than at the start of the Biden-Harris Administration. This record is a window into what America’s future would be like under more Democrat control in Washington: more bureaucrats demanding more control over the lives of the American people and small businesses and workers crushed by tax hikes.
“Vice President Harris has vowed to repeal the Trump tax cuts, which would force American small businesses to pay taxes that are more than 20 percent higher than that of Communist China. Ways and Means Republican Tax Teams have traveled to 20 states to conduct more than 120 listening sessions with job creators. They are telling us the Harris tax hike would devastate their ability to keep even the employees they have right now. We will continue our tireless work to provide tax relief so every American can work a job that supports their family.”
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