Washington, DC - Today, Chairman Dave Camp delivered remarks at the U.S. Chamber of Commerce, below are excerpts followed by the full remarks. The Challenges We Face "Today, we face some historic challenges.  The national unemployment rate has not been this high for this long since the Great Depression.  Despite this fact, the President – at virtually every turn – argues… Read more

Congressman Dave Camp (R-MI), Chairman of the Committee on Ways and Means, today announced that the Committee will hold a hearing on alternative tax systems, with a focus on tax systems that are based on taxing consumption rather than income.  Specifically, the Committee will consider the FairTax – a proposal to replace existing federal taxes with a national retail sales tax – and… Read more

Good morning and thank you for joining us today.  Today is the ninth hearing that we have held on comprehensive tax reform, not counting the roundtable discussion held by the Joint Committee on Taxation where we were joined by key architects of the Tax Reform Act of 1986.  During our very first hearing of the year – which was also our first hearing on tax reform – we discussed… Read more

35% The U.S. corporate tax rate. 9.2%                 The current unemployment rate. … Read more

With less than two weeks before the August 2 deadline to address the debt limit challenge or risk defaulting, President Obama still has yet to articulate a single spending cut he is willing to make in order to get our country back on a path to fiscal sustainability.  Since President Obama took office, he and Congressional Democrats have increased the debt $3.4 trillion with… Read more

Today, President Obama is expected to lay out his plan to increase taxes as part of the debt ceiling discussions.  So continues the Democrats' practice of taxing the job creators we need to spark an economic recovery.  To quote the President himself, “[T]he last thing you want to do is to raise taxes in the middle of a recession because that would just...take more demand out of… Read more

Good morning, and thank you for joining us this morning.  According to the Congressional Research Service, the last time both the House Ways and Means and the Senate Finance Committees met together for a joint hearing on tax issues was 1940 – more than 70 years ago – to discuss a war profits tax.   And while I have said that I have been looking forward to our two committees… Read more

Ways and Means Committee Chairman Dave Camp (R-MI) made the following statement in response to the announcement that Moody’s Investors Services “has placed the Aaa bond rating of the government of the United States on review for possible downgrade given the rising possibility that the statutory debt limit will not be raised on a timely basis, leading to a default on U.S. Treasury… Read more

Washington, DC -  In response to a directive issued this afternoon by the IRS regarding the gift tax treatment of donations to 501(c)(4) organizations, Ways and Means Chairman Dave Camp (R-MI) issued the following statement: “I am pleased that following my and other inquiries questioning the motives behind these investigations, the IRS has decided to immediately suspend all… Read more

Washington, DC - The time was October 1976.  KC and the Sunshine Band encouraged Americans to “Shake Your Booty” and the Bee Gees proclaimed that “You Should Be Dancing.”  And Congress created a supposedly “temporary” Federal unemployment tax on jobs, sometimes called the Federal Unemployment Tax Act (FUTA) “surtax.”  Today, after 35 years and eight separate extensions of… Read more