June 27, 2012 (Remarks as Prepared) Today’s joint hearing is on disincentives to work built into current welfare and tax credit programs in the U.S.   As we have already heard from Iain Duncan Smith, the Secretary of State for Work and Pensions in the United Kingdom, other countries are wrestling with these same issues. Secretary Duncan Smith’s presentation, as well as the… Read more

June 27, 2012 (Remarks as Prepared) Thank you, Chairman Davis.  It’s a pleasure to have this opportunity to hold a joint hearing between our subcommittees. Providing an adequate safety net for Americans who have fallen on hard times is a non-partisan issue in Congress.  It’s something all of us agree on.  As is making sure government does not stand in the way of… Read more

Consider three numbers — 40, 8 and 13. For 40 consecutive months, the U.S. unemployment rate has been at 8 percent or higher, and nearly 13 million Americans are currently looking for work. America is in crisis. Unemployment remains high, employers are paralyzed by economic and regulatory uncertainty that stifles their ability to invest and hire, and we are but a few short months… Read more

Washington, DC - On Thursday, Ways and Means Chairman Dave Camp (R-MI) and Oversight Subcommittee Chairman Charles Boustany, Jr. M.D. (R-LA) demanded that the Department of Treasury (Treasury) release an Urban Institute study on the Treasury’s debit card pilot program.  The program was intended to encourage taxpayers to receive their tax refunds on pre-paid debit cards but was… Read more

By Emily Miller Republicans have finally figured out how to corner President Obama on the tax issue. Within six months, Americans will be hit with a $4.3 trillion tax hike supported by Mr. Obama. By moving to pass legislation next month to stop "Taxmaggedon," the GOP is putting itself on the side of ordinary Americans. On Tuesday, House Ways and Means Committee… Read more

The release of two reports today, one from the Business Roundtable and one from the Federal Reserve Board Members, provided Americans with a double dose of bad news for employment prospects in the coming months.  The Business Roundtable’s quarterly survey of America’s CEOs showed that the number of CEOs who expect to increase employment in the next 6 months fell by 6 percentage… 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As described in Part I of this series, when the clock strikes midnight on December 31, 2012, the low-tax policies originally enacted in 2001 and 2003 – and extended, at Republicans’ urging, by a Democrat Congress and President Obama in 2010 – are again scheduled to expire.  If Congress does not prevent these massive, job-killing tax increases, it will affect every American who pays… Read more

It’s been called the “ticking tax bomb” and even “Taxmageddon” – and it’s a central issue that must be addressed in order to avoid the so-called “fiscal cliff” when the clock strikes midnight on December 31, 2012.  But by whatever name it’s known, one thing is clear: the looming, year-end expiration of the low-tax policies originally enacted in 2001 and 2003 – and extended, at… Read more

Congressman Pat Tiberi (R-OH), Chairman of the Subcommittee on Select Revenue Measures, today announced that the Subcommittee will hold a hearing on how Congress should evaluate certain tax provisions that either expired in 2011 or will expire in 2012 (also known as “tax extenders”). The hearing will take place on Friday, June 8, 2012, in Room 1100 of the Longworth House Office Building… Read more

The hearing will come to order.  Good morning and thank you for joining us today for another in our series of hearings on tax extenders. During our Member Day hearing in April we had the opportunity to hear from our House colleagues about the merits of extending—or not extending—many of these tax policies.  By all accounts it was a productive exercise.  I commend… Read more