There has long been bipartisan support for comprehensive tax reform that lowers rates and broadens the base. A new self-described “experiment” released by the Joint Committee on Taxation (JCT) reinforces the merits of this approach.
Unfortunately, some partisans are twisting JCT’s findings and conclude that meaningful tax reform is simply not…
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Washington, DC - On August 13, 2012, Ways and Means Chairman Dave Camp (R-MI) sent document requests to the White House, Department of Treasury (Treasury), and Pension Benefit Guarantee Corporation (PBGC) to determine whether political concerns influenced the decision-making that resulted in the Obama Administration topping off the pensions of Delphi’s union beneficiaries…
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In July, Senator Patty Murray indicated that Democrats would be more than willing to drive the country over the “fiscal cliff” if Republicans refuse to raise taxes on job creators at the end of this year. Yesterday, the Tax Policy Center released a report that found that middle-income households would see an average tax increase of almost $2,000 if Democrats follow Senator…
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(Remarks as Prepared)
Good morning. Thank you for joining us today for the third joint hearing this Congress of the House Ways and Means Committee and the Senate Finance Committee. Prior to this Congress, our two committees had not met together for tax-related hearings in more than 70 years. Through this series of hearings, as well as ones we have held on our…
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I rise today in support of H.R. 6410, a bill to provide a simple way for individuals to voluntarily donate funds to pay down the national debt.
Under current law, you can contribute to debt reduction. But like all things with the IRS, it isn’t easy. If you dig deep into the 189 pages of instructions that accompany the 1040, you will find on page 88 the following: “Do not…
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Washington, DC – Today, U.S. Rep. Dave Camp (R-Mich.), Chairman of the House Ways & Means Committee and U.S. Senator Orrin Hatch (R-Utah), Ranking Member of the Senate Finance Committee, called on New York Attorney General (AG) Eric Schneiderman to halt all exploratory efforts involving the activities of several businesses and non-profit 501(c)(4) organizations. In a letter, the…
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Good morning and welcome to today’s hearing on the Internal Revenue Service’s implementation and administration of the President’s health care law.
Before we begin this morning, it is appropriate to recall that eleven years ago, almost to the hour, our nation was savagely attacked. After these 11 years, each of can recall exactly what we were doing at that time. The…
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According to former Internal Revenue Service (IRS) Commissioner Fred Goldberg, and supported by the Obama Administration's own figures, ObamaCare "...in its current form will be a needless administrative and compliance quagmire for millions of Americans."
Based on IRS estimates approved by the Office of Information and Regulatory Affairs at the…
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Today, the National Federation of Independent Business (NFIB) Research Foundation issued Problems and Priorities, its quadrennial survey of problems and challenges facing small business owners. The report highlights the failure of many Obama Administration policies to address the needs of small business. Rising health care costs was first among the top 10 concerns facing…
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Washington, DC – Ways and Means Committee Chairman Dave Camp (R-MI) called on Obama Administration officials to detail its involvement in the termination of pensions for certain employees of the now-bankrupt Delphi. Recent news reports indicate that the Obama Administration played an active role in picking winners and losers among Delphi’s retirees.
Camp requested that…
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