As described in Part I of this series, when the clock strikes midnight on December 31, 2012, the low-tax policies originally enacted in 2001 and 2003 – and extended, at Republicans’ urging, by a Democrat Congress and President Obama in 2010 – are again scheduled to expire.  This will result in higher taxes for every American who pays income taxes, as well as for… Read more

Mr. Chairman, it may be déjà vu all over again, but we don’t have to do the same thing all over again.  This year marks the third time in the last five years that core tax rates on either individual or investment incomes have been scheduled to expire.  That’s no way to run a country, and it’s no way to help the economy. While Congress should once again act to stop the tax… Read more

Next week House Republicans are expected to pass an extension of the Bush tax cuts that includes a measure to fast-track comprehensive tax reform next year -- an idea that some lawmakers dismiss as just another legislative gimmick. But that misses the more important point, largely that Republicans are locking down a path to tax… Read more

As described in Part I of this series, when the clock strikes midnight on December 31, 2012, the low-tax policies originally enacted in 2001 and 2003 – and extended, at Republicans’ urging, by a Democrat Congress and President Obama in 2010 – are again scheduled to expire.  This will result in higher taxes for every American who pays income taxes, as well as for… Read more

New estimates by the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) confirm what America already knows – that the Democrats’ health law is a trillion-dollar tax hike that families and employers simply cannot afford.  The recent Supreme Court ruling left in place 21 tax increases enacted as part of that law, a dozen of which – marked with an asterisk (*)… Read more

Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) made the following statement after Senate Democrats voted to raise taxes on small businesses. “Today’s Senate vote was a vote to raise taxes on nearly one million small business owners that, according to an Ernst & Young study, would destroy over 700,000 American jobs.  Rather than raising taxes to… Read more

Washington, DC - Today, Ways and Means Chairman Dave Camp (R-MI) introduced H.R. 8, the Job Protection and Recession Prevention Act, blocking scheduled tax increases at the end of the year by extending current income tax rates for one year. Camp said: “This bill will stop the tax hike facing every American who pays income taxes at the end of the year and give small businesses and… Read more

(Remarks as Prepared) Good morning and thank you for joining us for another in a series of hearings examining how comprehensive tax reform can help spur economic growth.  Today’s hearing is an opportunity to look more closely at the manufacturing industry.  Specifically, we will examine how the current tax system affects U.S. manufacturers, including U.S.-based public… Read more

As described in Part I of this series, when the clock strikes midnight on December 31, 2012, the low-tax policies originally enacted in 2001 and 2003 – and extended, at Republicans’ urging, by a Democrat Congress and President Obama in 2010 – are again scheduled to expire.  This will result in higher taxes for every American who pays income taxes, as well as for small businesses,… Read more

Dear Mr. President: Congress and the White House must begin now to resolve fundamental fiscal and tax issues confronting America. The current political paralysis hindering principled compromise has fueled needless economic uncertainty that impedes a more robust economic recovery.  Without effective action… Read more