Congresswoman Ann Wagner, Congressman Chris Pappas, and Congressman Tim Burchett have sent a letter to House and Ways and Means Committee leadership, urging the inclusion of a legislative fix for Form 1099-K reporting requirements in the upcoming tax package. The lawmakers emphasize the need for certainty and clarity for online sellers who are facing bureaucratic hurdles due to the changes in the reporting threshold.The recent changes in the 1099-K reporting threshold have raised concerns among millions of Americans who could be taxed for transactions such as selling a...
Congresswoman Ann Wagner (R-MO) has provided a detailed account of the bipartisan and bicameral Congressional delegation to the Middle East, led by Republican Senator Joni Ernst. The delegation visited Israel, Egypt, Qatar, and Bahrain, with the aim of assessing the situation on the ground, advocating for the release of American hostages held by Hamas, and planning for the future of Gaza.During the visit, Congresswoman Wagner emphasized the importance of standing behind Israel in its efforts to combat Hamas and create a demilitarized and deradicalized Gaza. She expressed...
The Chairman of the House Financial Services Committee, Patrick McHenry, along with other committee members, has sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler, demanding a briefing on the SEC's compromised X account. This incident led to a false tweet announcing the approval of Bitcoin ETFs on January 9.In their letter, the lawmakers expressed their concerns about the SEC's ability to communicate effectively with market participants. They highlighted the impact of the false tweet, which caused a rapid increase in the value of Bitcoin until...
Jan 10, 2024Reps. Ann Wagner (R-MO), French Hill (R-AR), and David Scott (D-GA) have sent a letter to the Department of Labor expressing their concerns about the proposed fiduciary rule. The lawmakers argue that the rule will burden investors and limit access to financial retirement products.In their letter, the lawmakers outlined several concerns about the fiduciary rule. They believe that the rule would harm lower and middle-income workers, ignore federal court rulings, and hurt workers and retirees. They argue that the proposal makes it more expensive to invest for...
A bipartisan and bicameral delegation, led by Congresswoman Ann Wagner and joined by U.S. Senator Joni Ernst, has returned from the Middle East after advocating for the immediate release of American hostages held by Iran-backed Hamas. The delegation, which included several other members of Congress, traveled to Egypt, Israel, Qatar, and Bahrain to meet with senior leadership and lead negotiators.During the trip, Congresswoman Wagner emphasized the importance of eradicating Hamas and the need to bring American hostages home. She stated, "As Vice Chair of the House Foreign...