WASHINGTON, Nov. 8 -- Rep. Jason Smith, R-Missouri, chairman of the House Ways and Means Committee, issued the following statement on Nov. 7, 2024: * * * Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Federal Open Market Committee announced its decision to cut the benchmark rate by 25 basis points: "The Biden-Harris Administration's reckless spending is the reason that inflation and interest rates were at the highest levels in a generation in th  more