Washington, DC – Ways and Means Chairman Dave Camp (R-MI) today delivered opening remarks at the Committee on Ways and Means Hearing on Fundamental Tax Reform.  Below are excerpts, followed by the full remarks. The Tax Code “Clearly, the tax code is too complex, too costly, and takes too much time to comply with.  All this adds more burdens on families and employers – making it more… Read more

At the four hearings we held this year on China, we heard from many experts about our economic relationship with China, and in particular, China’s currency policy.  There is no debate that China’s currency is fundamentally misaligned.  We all agree that China must take prompt action to allow market forces to determine the value of its currency.  But let’s not kid ourselves – there… Read more

This is now the fourth hearing we’ve held on China this year, but only the first time that we’ve had an Administration official here to testify.  Secretary Geithner, I am sure that you share my concern about China’s currency policy.  It is fundamentally misaligned, plain and simple.  I presume there is no disagreement on this point. In our prior hearings, including yesterday’s hearing,… Read more

This is our third hearing on China this year.  At each hearing, this Committee has sent the clear and unequivocal message that this Congress is frustrated by China’s continued bad faith and aggressive pursuit of protectionist policies that jeopardize our economic relationship.  China must end its policy of economic nationalism and open its market to American-made goods and services and… Read more

Good morning.  We are here today to consider about how best to keep children safe, and specifically what lessons have been learned from demonstration projects implemented under waivers of Federal child welfare law. We are privileged to have a distinguished panel of experts here to review those questions and more.  I would especially like to highlight the testimony of George Sheldon of… Read more

Mr. Chairman, thank you for convening this hearing.  You’ve shown great leadership on these issues in your role as President of the NATO Parliamentary Assembly. Given the sheer scope and size of the U.S./EU trade relationship – we are, after all, each other’s largest trading partners – it is important for us to find ways to collaborate on trade and enhance our transatlantic ties.  … Read more

It is indisputable that worldwide American companies that are subject to transfer pricing rules have a positive effect on our economy and generate high quality jobs for Americans. Given that our economy remains so fragile, and with unemployment stuck at nearly 10 percent, it is critical that as this committee examines transfer pricing rules, or any other complex tax issue, we also… Read more

I am disappointed that I cannot support this legislation. The Miscellaneous Tariff Bill has long been a bipartisan effort that helps both American manufacturers and consumers obtain lower-cost access to products that aren’t made in the United States. The process used to assemble this legislation is a model in transparency and accountability.  This is a long-standing process that has… Read more

Thank you, Chairman Lewis for convening this hearing to discuss the ongoing crisis in the Gulf Coast. As a proud Louisianian - I’ve witnessed this tragedy unfold over the past 91 days firsthand.  The oil spill devastates Gulf Coast families and workers, the economy and our delicate ecosystems.  Above all we can never forget those brave 11 rig workers that died working to deliver the… Read more

Thank you, Chairman Stark, and I appreciate you calling this hearing to examine efforts to promote the adoption of health information technology. The Stimulus law included $36 billion in incentive payments, largely through deficit spending, for providers who “meaningfully use” electronic health record technology, or EHRs.  Members of this Subcommittee may recall that during the markup of… Read more