Washington, DC - Upon passage of H.R. 3, the No Taxpayer Funding for Abortion Act, Ways and Means Committee Chairman Dave Camp (R-MI) made the following statement: "Today, Congress took bipartisan action to prevent taxpayers’ funds from being used for abortion.  The tax provisions in the legislation ensure that the long standing Hyde amendment is applied consistently, including in… Read more

As President Barack Obama pushes to raise income taxes on high earners, opponents are seizing on data that indicates these U.S. households already pay a large and growing share of taxes, even compared with high-tax European countries. And a new congressional study concludes that the percentage of U.S. households owing no federal income tax climbed to 51% for 2009. Republicans are… Read more

Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement after the President signed into law, H.R. 4 –1099 repeal legislation:   “After nearly a year-long battle to repeal the onerous 1099 provisions enacted by Democrats, I am pleased the President has now signed their repeal into law.  On the eve of Tax Day, small… Read more

We meet today to continue our dialogue about what I hope will result in a bipartisan path forward to reform our federal income tax system.  While there has been a lot of valuable discussion about the impediments the tax code creates for America’s job creators – and we will certainly continue that discussion over the time ahead – today’s hearing will focus on the burdens imposed by… Read more

Small companies such as Arc Abrasives Inc. in Troy, Ohio, may end up as a roadblock to President Barack Obama’s drive to revamp the corporate tax code. A manufacturing business with 82 employees, Arc changed its tax status from a standard C corporation to a hybrid S corporation about a decade ago. The reason, says the company’s president, Anthony H. Stayman: to avoid paying taxes twice,… Read more

During the President's speech today, he called for tax increases on the American people and small businesses in addition to those contained in his February budget proposal. It is important to keep in mind the negative impact that higher taxes have on job creation. Mr. President, We Don’t Have a Revenue Problem, We Have a Spending Problem During the 12 years… Read more

Washington, DC – After attending the address delivered by President Obama today at George Washington University, Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement.   “While I’m pleased the President has answered our call for individual tax reform, I’m disappointed the speech was so partisan.  That said, the President deserves credit for… Read more

Washington, DC - Ways and Means Chairman Dave Camp (R-MI) and Select Revenue Measures Subcommittee Chairman Pat Tiberi (R-OH) issued the following statements today in response to the release of a report titled “The Flow-Through Business Sector and Tax Reform: The economic footprint of the flow-through sector and the potential impact of tax reform” examining the role of S Corporations in… Read more

This past Sunday, on NBC’s Meet the Press, White House Senior Advisor David Plouffe stated, “the president's goal, and he's been clear about this, is to protect the middle class as we move forward here…in his term in office, he's cut taxes for the middle class over and over again…" It’s a familiar refrain, but unfortunately, the rhetoric doesn’t match the facts.  President… Read more

Source: Office of Management and Budget and the House Budget Committee DEMOCRATS CALL FOR MASSIVE JOB-KILLING TAX INCREASE FACT: The President’s budget calls for a massive and permanent increase in spending. FACT: The $1.5 trillion increase in federal taxes in the President’s budget DOES NOT even pay for all that new spending – his budget NEVER balances and his deficits are GETTING… Read more