I commend Chairman Camp for his leadership in working to overhaul the tax code.  As he said in the first hearing of this congress, tax reform will be a long process.  In the meantime we must continue our work on the current tax code. And unfortunately, the current tax code is riddled with scores of provisions that have been enacted on a temporary basis. I say riddled not… Read more

I rise today in support of H.R. 9, “The Small Business Tax Cut Act.”  This legislation will allow small businesses with fewer than 500 employees to take a 20 percent tax deduction. Small businesses are the engine of job creation.  And, while we pursue comprehensive tax reform that will give all businesses certainty to invest and hire, this bill will help small businesses to… Read more

Good morning.  Today, we will separately consider three measures to meet our reconciliation instructions in the House-passed budget, which asks committees such as this to find a smarter way to reduce our debt and deficits, which are costing us jobs.   The gentleman from California, Mr. Becerra, will remember that during the Bowles-Simpson commission, we heard non-partisan… Read more

Washington, DC-  Today, Ways and Means Chairman Dave Camp (R-MI) made the following statement after the Committee approved Budget Reconciliation Legislative Recommendations of the Ways and Means Committee:   “It has long been acknowledged, including by the President’s own Deficit Commission, that our debt levels are crippling economic growth and preventing job creation. … Read more

Good morning.  We meet today to continue our dialogue about what I hope will result in a bipartisan path forward to reform our federal income tax system. In recent weeks, much of the discussion about tax reform has centered on the corporate side, especially after Japan lowered its corporate rate on April 1, leaving America with the dubious distinction of having the highest corporate… Read more

Washington, DC – On the eve of Tax Day and in anticipation of the Senate’s procedural vote on the so-called “Buffett Rule," Ways and Means Chairman Dave Camp (R-MI) made the following statement today.   “President John F. Kennedy once said that the soundest way to raise revenues in the long run is to cut the tax rates now.  Apparently, modern day Democrats just don’t see it… Read more

Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) issued the following statement in anticipation of the United States’ combined federal-state corporate tax rate becoming the highest in the industrialized world on April 1, 2012: “While the April 1 date may suggest otherwise, this is no joke or laughing matter for American employers and workers.  As of Sunday, America… Read more

The choice is clear.  The House Republican Budget says “yes” to cutting government spending and creating jobs, while the President and Senate Democrats continue to say “no.”      ### Read more

Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement after the House passed the House Republican Budget Resolution. “The House Republican Budget Resolution is a clear demonstration that Republicans will reform Washington to strengthen our economy, create jobs and get our fiscal house in order. Congress owes it to the American people… Read more

Good morning.  We meet today to consider H.R. 9, “The Small Business Tax Cut Act.”  This legislation will allow a business with fewer than 500 employees to take a tax deduction equal to 20 percent of their active business income and applies to businesses and business owners who pay their taxes at the individual or corporate level. Whenever I am talking with small business… Read more