‘“[M]ost companies will find value from the easier accounting’ proposed by Camp.  ‘It would surely simplify the hodgepodge of tax codes that deal with partnerships and S Corps,’ he says, adding that ‘a unified system should make it easier for companies like mine to comply with the rules.  I think Dave Camp is on to something.’” (Termax CEO William Smith, CFO.com, March 20,… Read more

April 1 might be April Fools’ Day, but with the highest corporate tax rate in the industrialized world, American employers and their workers aren’t laughing.  A look around the globe makes it clear – while countries like Japan, the United Kingdom and Canada all lowered their corporate tax rates in 2012, America’s corporate rate remains the highest in the industrialized… Read more

Washington, DC – Today, Ways and Means Oversight Subcommittee Chairman Charles Boustany Jr., M.D. (R-LA) wrote to Health and Human Services (HHS) Secretary Kathleen Sebelius regarding the inclusion of a voter registration application form in HHS's application for federal Exchange subsidies under ObamaCare.   As if the insurance application process will not be complicated enough,… Read more

Last week, in a meeting with House Republicans, President Obama again called for revenue neutral corporate tax reform. But that same day, the White House announced its support for the Senate Democrats’ budget proposal, which includes a $1 trillion tax hike.  House Democrats, meanwhile, have called for a $1.2 trillion tax increase.  If the President stands by both statements,… Read more

Good afternoon and thank you for joining us for the subcommittee’s first hearing of the 113th Congress.  I commend Chairman Camp for his continued efforts to overhaul the tax code and I look forward to working with him to enact comprehensive tax reform. Today we examine the financial products discussion draft released by Chairman Camp and the Ways & Means Committee in… Read more

Washington, DC – Today, Ways and Means Oversight Subcommittee Chairman Charles Boustany, Jr. M.D. (R-LA) called on the Internal Revenue Service (IRS) to release a copy of a video parody produced in the IRS’s television studio in New Carrollton, MD – a studio that may have cost taxpayers more than $4 million last year according to a review of contracts.  … Read more

Hearing on Ways and Means Financial Products Tax Reform Discussion Draft _____________________________________ … Read more

Good morning and thank you for joining us today. As part of the Committee’s effort to strengthen the economy, create more jobs and increase wages for American families by making the tax code simpler and fairer, today’s hearing allows stakeholders and members of the public the opportunity to share their perspectives on tax reform and tax provisions affecting State and local… Read more

Washington, DC - Today, Ways and Means Chairman Dave Camp (R-MI) delivered a statement on the House floor in support of the GOP’s balanced budget.  "I rise in support of a federal budget that balances so we can strengthen our economy, create more jobs and allow American workers to start seeing an increase in their paychecks again. "I know we can do it. … Read more

In a continued push to make the tax code simpler and fairer to strengthen the economy, Ways and Means Committee Chairman Dave Camp (R-MI) has released a tax reform discussion draft aimed at helping small businesses expand, hire new workers and increase pay and benefits.  In response, groups representing the nation’s small businesses praised the effort.  More information about… Read more