Washington, DC - Ways and Means Chairman Dave Camp (R-MI) today delivered a statement on the House floor in support of H.R. 4 - The Small Business Paperwork Mandate Elimination Act of 2011.  Below are excerpts, followed by the full remarks. 1099 Provisions Hinder Job Creation “This previously little-known provision quickly became an item of great concern to small employers across the… Read more

For all the partisan fighting about the House Republican proposal to pay for repealing 1099, the GOP proposal is very similar to the one Democrats supported and approved last year. In last year's healthcare law, Democrats themselves proposed a system that offers subsidies to people for buying healthcare, and then allows overpaid subsidies to be recaptured based on how much a family's… Read more

Washington, DC - Ways and Means Committee Chairman Dave Camp (R-MI) made the following statement upon passage of H.R. 4 to repeal the 1099 IRS reporting provisions enacted in 2010. “Clearly there is strong, bipartisan support to repeal the 1099 provisions so that small businesses can focus on what they do best – creating jobs.  With more than 70 percent of the House, including 76… Read more

HEARING ON SMALL BUSINESSES AND TAX REFORM ___________________________________ HEARING BEFORE THE SUBCOMMITTEE ON SELECT REVENUE MEASURES OF THE  COMMITTEE ON WAYS AND MEANS … Read more

Let’s make a bet. Imagine I gave you the task of coming up with a rational tax system. Starting with a blank sheet of paper, I bet that you would create a system nothing like our current one. In fact, you’d be foolish to take that bet, because there is such broad agreement on the need for fundamental tax reform. A recent Rasmussen Poll showed that only 9 percent of Americans think the… Read more

Washington, DC - Ways and Means Chairman Dave Camp (R-MI) today delivered opening remarks at the Committee on Ways and Means Markup of H.R. 4  and H.R. 705.  Below is an excerpt, followed by the full remarks. 1099 Repeal is a Win for Small Businesses, Individuals and Families "In my judgment, this is a win-win-win for taxpayers – it is a win for small businesses who won’t suffer under… Read more

Washington, DC – Today, the Committee on Ways and Means approved two separate pieces of legislation to repeal the onerous 1099 reporting provisions enacted in 2010.  At the conclusion of the markup and approval of both H.R. 4, the “Small Business Paperwork Mandate Elimination Act of 2011,” and H.R. 705, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy… Read more

Today, Ways and Means Democrats decided to dance to the Washington two-step. Only Washington Democrats could call recovering improper, excessive and possibly fraudulent taxpayer-funded subsidies in their health care law, a tax increase.  A look back shows that in 2010, Democrats voted to require full repayment of subsidies for those making more than 400 percent of poverty ($93,800 in… Read more

(Click image for print version) 1. Unless otherwise noted, all figures represent Administration estimates.  For official Congressional scorekeeping purposes, these provisions will be re-estimated by the Joint Committee on Taxation, which could result in variations in particular scores. 2. Other portions of the budget indicate that this figure -- which could suggest a proposed… Read more

Washington, DC - Ways and Means Chairman Dave Camp (R-MI) today delivered opening remarks at the Committee on Ways and Means Hearing with Office of Management and Budget Director Jacob Lew on the President’s 2012 Budget.  Below are excerpts, followed by the full remarks. A Missed Opportunity “This budget is a missed opportunity – it misses the opportunity to substantially reduce… Read more