Despite ongoing claims that high-income Americans pay taxes at a lower rate than middle- or low-income Americans, recent statements in the press and actual data from nonpartisan sources show that that is not the case:
51% Pay No Income Taxes: “In summary, for tax year 2009, approximately 22 percent of all tax units, including filers and non filers, will have zero income tax…
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When President Obama delivers his State of the Union address tonight, Americans will likely be asking themselves two questions: "Where are the jobs?" and “Haven’t I heard this before?” Instead of working with Republicans in the House and Senate to get Washington’s runaway spending under control and the more than 13 million unemployed Americans back to work, the President is…
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Washington, DC - Ways and Means Committee Chairman Dave Camp (R-MI) made the following statement on Tuesday evening in response to President Obama’s State of the Union address:
“Instead of focusing on tax reform that can create jobs, the President spent his time talking about how he intends to take more money away from employers, investors and savers in order to create new…
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Washington, DC – Ways and Means Chairman Dave Camp (R-MI) today announced senior staff changes and a restructuring of the Ways and Means Committee. The moves follow current Ways and Means Staff Director Jon Traub’s decision to depart the Hill at the end of January to seek new, yet to be determined opportunities in the private sector.
In order to provide continuity for…
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I’m pleased the Ways and Means Committee is considering H.R. 1173, bipartisan legislation to repeal the unsustainable CLASS Act. I introduced this bill in March, 2011 with Congressmen Phil Gingrey and Bill Lipinski and we have gained more than 100 cosponsors.
The bill is simple – it repeals the CLASS Act as the program is fatally flawed, fiscally irresponsible and irreparable. Last…
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Washington, DC - Today, Ways and Means Chairman Dave Camp (R-MI) issued the following statement after the committee voted to favorably report H.R. 1173, “The Fiscal Responsibility and Retirement Security Act of 2011,” sponsored by Committee Member Charles Boustany Jr., MD (R-LA), to repeal the Community Living Assistance Services and Supports (CLASS) Act. In October 2011, Health and…
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Yesterday, White House Council of Economic Advisors Chairman Alan Krueger delivered a speech echoing the same divisive “us against them” rhetoric President Obama hit on during a December 2011 speech in Osawatomie, Kansas. However, in a recent essay, Scott Winship of the Brookings Institute challenges Krueger and Obama’s claim that it is more difficult today for a child born into a…
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Washington, DC - Today, Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement in response to the announced retirement of fellow Committee member Rep. Wally Herger (R-CA) at the end of the 112th Congress.
“As the most senior Republican member of this Committee, Wally has served in nearly every capacity and has overseen some of the Committee’s most…
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Nancy Pelosi famously said that paying more unemployment benefits “creates jobs faster than almost any other initiative you can name.” But as a recent Washington Post article highlights, the fine print behind such claims is about to come due, and many employers “may be shocked” by the tax hikes on jobs they are about to experience.
Employers – prepare for these tax…
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"If they pass the two-month extension, it's worse than last year for payroll administration, definitely," said Mike O'Toole, senior director of government relations
for the American Payroll Association, a professional group.
Payroll Executives Complain About Lawmakers' Penchant for…
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