Following the release of an international tax reform discussion draft by Ways and Means Committee Chairman Dave Camp, the effort to make American companies more competitive in the global economy and help create U.S. jobs is picking up steam.  The Ways and Means draft would set the corporate rate at 25 percent, bringing it in line with the average of the OECD, and eliminate the double… Read more

In the past few days, Democrats have repeatedly cited a recent report from the Congressional Budget Office (CBO) regarding trends in household income to support their never-ending quest for more deficit spending.  The crux of the Democrats’ argument is their belief that the rich are getting richer and the poor are getting poorer, which they claim supports their call for more taxes on… Read more

Chairman Dave Camp unveiled an international tax reform discussion draft Wednesday as part of the Committee’s broader effort on comprehensive tax reform that would lower top tax rates for both individuals and employers to 25 percent.   The plan would also transition the United States from a worldwide system of taxation to a territorial system.  Many business groups, tax reform… Read more

I come to the floor today in strong support of H.R. 674 to repeal the onerous, job-killing 3 percent withholding law.  While this legislation has 269 cosponsors, I’d like to acknowledge the leaders on the bill – Ways and Means Health Subcommittee Chairman Wally Herger and our Democrat Ways and Means colleague Congressman Earl Blumenauer.  In addition to these advocates, we also… Read more

Washington, DC - Today, the House passed H.R. 674 sponsored by Rep. Herger (R-CA) and Rep. Blumenauer (D-OR) to repeal the 3 percent withholding rule on certain payments made to vendors by government entities. The House also passed H.R. 2576 sponsored by Rep. Black (R-TN) to align the income definition for certain health programs to more closely reflect how it is measured in other federal… Read more

Washington, DC - Today, Ways and Means Committee Chairman Dave Camp (R-MI) unveiled an international tax reform discussion draft as part of the Committee’s broader effort on comprehensive tax reform that would lower top tax rates for both individuals and employers to 25 percent.  In addition to rate cuts, the plan would transition the United States from a worldwide system of taxation… Read more

Thank you, Chairman Camp. As someone who strongly opposed the 3% withholding tax ever since it was signed into law five years ago, I’m delighted that we are taking action to repeal it once and for all. I especially want to thank Mr. Blumenauer for his leadership on this issue, as well as our 26 other bipartisan cosponsors who serve on this Committee. Today we have the opportunity to… Read more

Washington, DC – Today, the Committee on Ways and Means favorably reported out two bills: H.R. 674, sponsored by Rep. Wally Herger (R-CA) and Rep. Earl Blumenauer (D-OR), to repeal the 3 percent withholding rule on certain payments made to vendors by government entities and H.R. 2576, sponsored by Rep. Diane Black (R-TN), to align the income definition for certain health programs to more… Read more

Washington, DC - Today, Subcommittee on Oversight Chairman Charles Boustany (R-LA) sent a letter to Internal Revenue Service (IRS) Commissioner Shulman requesting general information on the tax-exempt sector, including updates on IRS audit and compliance activities related to tax-exempt organizations.   The request follows a joint hearing of the Subcommittees on Oversight and… Read more

The President recently claimed that the Obama Administration has, “cut taxes for small business 16 times since I’ve been in office.”  However, as the Washington Post’s Fact Check reveals, that claim doesn’t ring true, noting that the President has, “repeatedly proposed increased income taxes on such businesses.” The fact check highlights specific inaccuracies with the President’s… Read more