I’d like to begin today by first thanking our special guests for being with us today.  It is an honor to be joined by James Baker – who served as Chief of Staff during President Reagan’s first term and went on to shepherd the 1986 tax reforms through the Administration as Treasury Secretary – and by former Democratic Leader Dick Gephardt – who, along with Sen. Bill Bradley, helped… Read more

Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement upon passage of H.R. 4 – the House-passed 1099 repeal legislation: “The 1099 IRS reporting provision enacted in the Democrats’ 2010 health law quickly became the poster child for a government that is too big, too intrusive and too out of touch with small businesses.  After a… Read more

We meet today to consider H.R. 1232, a bill that restricts the use of taxpayer funds for abortion.  It is, we all know, not an issue that this Committee considers often, and it is certainly one that many of us have strong feelings about.  While I expect there will be differences of opinion today, I do hope that we will stand together in protecting the jurisdiction of this… Read more

The chairman of the House Ways and Means Committee wants to cut the top U.S. tax rate to 25% for individuals and corporations, and cut or eliminate many popular deductions. The odds of quick action appear slender. But the move, from Rep. Dave Camp (R., Mich.), is significant as a marker in what will likely be a multiyear debate over revamping the tax code. The plan also provides… Read more

The Committee will now consider H.R. 1034, the “Airport and Airway Trust Fund Financing Reauthorization Act of 2011.”  This bill provides a clean extension of the Airport and Airway Trust Fund authority and of the associated excise taxes at their current rates, through September 30, 2014. We all can agree that funding operations and improvements to the nation’s airports and air… Read more

The Ways & Means Committee derives its jurisdiction from Article One, Section Seven of the United States Constitution, which provides that, “All bills for raising Revenue shall originate in the House of Representatives.”  Furthermore, Rule 21, clause 5(a) of the Rules of the House allows a point of order to be raised against any bill containing a tax or tariff measure that is reported… Read more

HEARING ON THE TAX-RELATED PROVISION OF H.R. 3 ___________________________________ HEARING BEFORE THE SUBCOMMITTEE ON SELECT REVENUE MEASURES OF THE  … Read more

Washington, DC – In a bipartisan and bicameral effort to bring job creation to the forefront of the tax reform debate for American businesses and families, Senate Finance Committee Chairman Max Baucus (D-MT) and Ways and Means Committee Chairman Dave Camp (R-MI) issued statements today following the organizational meeting of the Joint Committee on Taxation (JCT).  During the meeting the… Read more

Washington, DC - Yesterday, Senate Majority Leader Harry Reid (D-NV) indicated that he favors the House-passed version of legislation to protect small businesses from a new onerous, job-destroying 1099 tax reporting mandate to the version approved by the Senate.  In response, Ways and Means Committee Chairman Dave Camp (R-MI) urged the Senate to pass and send the house-passed jobs bill to… Read more

I want to welcome our witnesses to this hearing to discuss the taxation of small businesses and pass-through entities as part of a broader discussion on tax reform. There is a window of opportunity to enact comprehensive tax reform, and we must take advantage of it. Last November, the American people sent a strong message to Washington.  They told Washington to stop putting off tough… Read more