Democrats are proposing to pay for a one-year extension of the payroll tax cut by increasing the top tax rate by 1.9 percent.  This means that as soon as 13 months from now the top federal rate could reach nearly 46 percent.  No matter how much money someone makes, the government should not be able to take nearly half of what they earn – especially not on top of all the other… 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 the international tax reform discussion draft released on October 26, 2011 by the Committee on Ways and Means.  The Committee released the discussion draft to solicit feedback on the details of the corporate rate cut and participation… Read more

Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) released the following statement in reaction to the President signing a repeal of the three percent withholding law on certain payments made to vendors by government entities, legislation that modifies the income definition used to determine eligibility for certain health programs in the Democrats’ health care law and… Read more

This morning, the Ways and Means Subcommittee on Select Revenue Measures is holding a hearing with tax professionals in an ongoing effort to gather comments and analysis of the Committee's territorial tax reform discussion draft.  The Ways and Means draft is a part of the Committee’s broader effort on comprehensive tax reform that would lower top tax rates for both individuals and… Read more

At the first Ways & Means Committee hearing this year Chairman Camp said that comprehensive tax reform would be a “long discussion.”  Last month Chairman Camp initiated a new phase of this “long discussion” when he released his international tax reform discussion draft.  I applaud Chairman Camp and his staff for their wonderful work in putting the discussion draft… Read more

This morning, the Ways and Means Subcommittee on Select Revenue Measures held a hearing with tax professionals in an ongoing effort to gather comments and analysis of the Committee's international tax reform discussion draft.  The draft is designed to transition the United States from a worldwide to a territorial system of taxation and eliminate the double taxation U.S.-based… Read more

I come to the floor today in support of permanently repealing the onerous, job-killing 3 percent withholding law.  During House action last month, this legislation garnered more than 400 votes for repeal and passed, as amended, with an overwhelming 95 votes in the Senate last week.     The legislation, which has been championed by Ways and Means Health Subcommittee… Read more

Today, the House passed legislation authored by Ways and Means Health Subcommittee Chairman Wally Herger (R-CA) to repeal the 3 percent withholding law on certain payments made to vendors by government entities.  The bill also included a provision authored by Ways and Means member Rep. Diane Black (R-TN) that modifies the income definition used to determine eligibility for certain… Read more

Washington, DC - This week, a group of 20 academics and economists sent a letter to the House Committee on Ways and Means and the Senate Finance Committee calling for a reduction in the corporate tax rate.  Noting that the United States has the second highest statutory combined corporate tax rate of all 34 OECD countries, the signers encouraged U.S. policymakers to reduce the… Read more

Following months of calling for higher taxes on American employers, which are already subject to some of the highest tax rates in the industrialized world, Democrats on the House Ways and Means Committee this week selectively used elements of a report from the Joint Committee on Taxation (JCT) in an attempt to suggest it would not be possible to reduce the corporate tax rate to 25… Read more