Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) released the following statement after the Committee approved H.R. 9, the Small Business Tax Cut Act.
"I am pleased the Committee has reported out this bill and look forward to its consideration on the House floor. It is important that after more than three years of failed economic policy from the Obama…
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This week, House Republicans released their budget resolution, which was approved by the Budget Committee yesterday. The budget resolution includes a proposal to implement comprehensive tax reform that:
Consolidates the current six individual income tax brackets into just two brackets of 10 and 25 percent;
Repeals the Alternative Minimum Tax, which currently threatens 31…
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Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) and Select Revenue Measures Subcommittee Chairman Pat Tiberi (R-OH) issued the following statement:
“Far too many provisions in the tax code are temporary, making it hard for employers to plan, invest and create new jobs for American families. That is one reason why we are committed to comprehensive tax…
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Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement on the House Republican Budget Resolution introduced by Budget Committee Chairman Paul Ryan (R-WI).
“A budget is a vision for America, and the President’s budget envisions more debt, more spending and will leave future generations buried under a government that is too big and that…
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The U.S. Is Number One
On April 1, Japan cedes the highest corporate tax rate to America.
April 1 is a date that every politician and business executive in America should circle on the calendar. That's when Japan cuts its corporate tax rate to 36.8% from 39.5%. The United States will then hold the title of highest corporate tax rate, with average combined federal and…
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Good morning. Before we begin, I want to say that I was saddened to learn that a former staff member of the Joint Committee on Taxation, Cyndi Lafuente, passed away earlier this week. I know she was a valued colleague and friend to many people in this room. I want to express my deepest condolences to her family and friends for their loss. Cyndi will be…
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Washington, DC - Today, Ways and Means Chairman Dave Camp (R-MI) sent a letter to U.S. Treasury Secretary Timothy Geithner asking the department to provide a detailed explanation for its projected $111 billion increase in spending for health insurance exchange subsidies (premium tax credits) in the Democrats’ health care law. The increase, which was included in the FY2013 budget…
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Washington, DC - Today, Subcommittee on Oversight Chairman Charles Boustany (R-LA) sent a letter to Internal Revenue Service (IRS) Commissioner Shulman requesting a complete response to a previous request on general information on the tax-exempt sector, IRS audits and compliance activities related to tax-exempt organizations. The letter also requests additional information following…
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Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) made the following statement in reaction to the release of the Obama Administration’s corporate tax proposal.
“I appreciate that the Administration has finally weighed in with a framework for corporate tax reform. There is a clear and growing consensus that our outdated tax code is hindering the job creation this…
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