Executives from Boeing Co. (BA) and Emerson Electric Co. (EMR) told lawmakers they will struggle to compete with overseas rivals if Congress doesn’t lower maximum corporate tax rates. Testifying today before the House Ways and Means Committee, the executives said the current 35 percent top corporate tax rate hampers job creation. Walter Galvin, the vice chairman of St. Louis-based… Read more

Despite President Obama’s continued push to increase taxes, prominent economic advisers to Democrats suggest higher taxes are bad for the economy. Christina Romer In a study published with her husband, also a noted economist, Dr. Romer found that “tax changes have very large effects on output” and that “an exogenous tax increase of one percent of GDP lowers real GDP by almost three… Read more

Washington, DC - In a White House meeting today with House Republicans, Ways and Means Committee Chairman Dave Camp (R-MI) emphasized that comprehensive tax reform that promotes job creation cannot and should not be confused with tax hikes.  During the meeting, Chairman Camp pressed President Obama to take on comprehensive tax reform that is revenue neutral.  Chairman Camp… 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 major business and corporate tax issues and how changes to those aspects of the tax code, as part of comprehensive tax reform, might promote job creation and economic growth.  Whereas the two most recent Committee hearings on the business aspects of tax… Read more

Good afternoon, and thank you for joining us today for the next in our series of hearings on comprehensive tax reform. Today’s hearing will examine international tax rules in various countries and identify best practices that might be applied here in the United States.  The hearing will explore policy choices that must be considered to create a structure that maximizes… Read more

Good morning, and thank you for joining us today for the latest in the series of hearings the Ways and Means Committee has convened to discuss comprehensive tax reform.  Today, we will examine the impact of the tax code on American companies that operate in the global economy – both here and abroad. In a future hearing, I expect we will examine the opposite side of the… Read more

Organizations representing 95 percent of America’s businesses – including the U.S. Chamber of Commerce and the National Federation of Independent Business – sent a letter to the House Ways and Means and Senate Finance Committees opposing a corporate-only approach to tax reform.  The letter calls on Congress to act on comprehensive tax reform. In the letter the organizations state:… Read more

     HEARING ON THE NEED FOR COMPREHENSIVE TAX   REFORM TO HELP AMERICAN COMPANIES COMPETE IN THE GLOBAL MARKET AND CREATE JOBS FOR  AMERICAN WORKERS   HEARING … Read more

Washington, DC – House Speaker John Boehner (R-OH), Majority Leader Eric Cantor (R-VA), Majority Whip Kevin McCarthy (R-CA), GOP Conference Chairman Jeb Hensarling (R-TX), Budget Committee Chairman Paul Ryan (R-WI), Energy & Commerce Committee Chairman Fred Upton (R-MI), and Ways & Means Committee Chairman Dave Camp (R-MI) released the following joint statement today regarding… 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 the burdens that the tax code imposes on American companies and how such burdens place them at a competitive disadvantage as they try to sell goods and services around the world.  The hearing will explore the potential economic and job creation benefits… Read more