The House Committee on Ways and Means is one of the oldest committees in the United States Congress, established in 1789. It is responsible for overseeing issues related to taxation, revenue generation, and social welfare programs. The committee plays a crucial role in shaping fiscal policy and is involved in drafting legislation that affects the economy. Members of the committee are tasked with reviewing and proposing changes to tax laws, as well as overseeing programs like Social Security and Medicare. The committee's decisions can significantly impact the financial well-being of individuals and businesses across the country.