Good Morning.  I want to thank everyone for being here this morning, especially our honored guest, Treasury Secretary Timothy Geithner.  Before we get started with our discussion of the Fiscal Year 2013 Budget, I’d like to take a moment to recognize Reginald B. Greene, or as he has been known to all of us who enter this room, Reggie.   Today marks Reggie’s 30th year with… Read more

Washington, DC - Today, Ways and Means Chairman Dave Camp (R-MI) made the following statements in response to President Obama's 2013 budget proposal. On Taxes & the Economy “The President’s budget includes the biggest tax increase in history and the biggest budget deficit ever proposed.  The President’s $2 trillion tax increase will destroy jobs and further weaken our… Read more

Washington, DC - Today, Ways and Means Chairman Dave Camp (R-MI), who is leading the conference committee to resolve differences between the House and Senate on the payroll tax holiday, unemployment benefits and the Medicare “doc-fix,” issued the following statement:   “I have spoken with my fellow House Republican conferees and we are committed to resolving the differences between… Read more

Good morning.  Today we are continuing our series of hearings on comprehensive tax reform.  This morning’s hearing will focus on the interaction of tax policy and financial accounting rules (such as Generally Accepted Accounting Principles, or “GAAP”), and we will examine how this interaction affects the way in which publicly-traded companies respond to tax policy.   A… Read more

Today the Committee will consider H.R. 3864, the “American Energy and Infrastructure Jobs Financing Act of 2012.”  This legislation would reauthorize through September 30, 2016 expenditure authority for the Highway Trust Fund (HTF) and extend through September 30, 2018 the current Federal excise taxes that fund the Highway Trust Fund.   H.R. 3864 also would restructure the… Read more

House Ways and Means Subcommittee on Oversight Chairman Charles Boustany, Jr, MD (R-LA) and Subcommittee on Select Revenue Measures Chairman Pat Tiberi (R-OH) today announced the Subcommittees will hold a hearing on harbor maintenance funding and maritime tax issues, with a focus on the Harbor Maintenance Trust Fund and Harbor Maintenance Tax, maintenance underfunding, and the tax… Read more

Thank you Chairman Boustany.  It’s a pleasure to have this opportunity to hold a joint hearing between our subcommittees.  Our Members have a lot of interest in maritime issues and I believe today’s hearing is an excellent chance to examine how to strengthen the U.S. maritime industry. I’m glad to have the opportunity to join with my friends on the Oversight Subcommittee in… Read more

Thank you all for joining us for this morning’s joint hearing of the Subcommittees on Oversight and Select Revenue Measures. Today’s hearing will take a closer look at the underfunding of the Nation’s maritime transportation infrastructure, the Harbor Maintenance Tax and Harbor Maintenance Trust Fund, and the tax treatment of foreign shipping operations. The Harbor Maintenance Trust… Read more

 "Businesses create jobs if the business is doing well and customers are walking in the door, not because the federal government provides a tax credit."   … Read more

Instead of focusing on tax reform that can create jobs, President Obama used this week’s State of the Union address to talk about how he intends to take more money away from employers, investors and savers in order to create new carve-outs for a few industries and projects favored by his administration.  Reforming our tax code to make it simpler, fairer and more conducive to job… Read more