A glimmer of hope for the economy and deficit reduction flashed from the Senate this past weekend when the new Senate Finance Committee Chairman, Ron Wyden, announced "a breakthrough" on tax reform. When asked by Bloomberg's Al Hunt if tax reform should raise revenues, Mr. Wyden replied that the Congressional Budget Office had committed to him to "actually score pro-growth tax reform as generating revenue." This is a breakthrough. Until now, the refusal of Senate Democrats to recognize a revenu...
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Every year Americans spend more than six billion hours and $168 billion to file their returns. There have been so many changes to the tax code over the past decade that it is now 10 times the size of the Bible, but with none of the Good News. That factual statement usually gets a good laugh back home in Michigan. What isn't funny is the effect that constant tinkering with taxes has had on the people who pay them, and on the economy. According to Nina Olsen, the National Taxpayer Advocate at the...
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Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) sent Internal Revenue Service (IRS) Commissioner John Koskinen a letter requesting that the IRS fulfill the Committee’s months-long request for all documents regarding the IRS’s targeting of conservative groups. In the letter, Chairman Camp stated that if the IRS did not comply with the request, he would be forced to consider using compulsory process, “At a recent Subcommittee on Oversight hearing on January 28, 2014, you...
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Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) issued the following reaction to The New York Times editorial, which endorsed IRS and Treasury Department proposed regulations that would push 501(c)(4) groups out of the public square by limiting their involvement in the most basic civic activities, like non-partisan candidate forums, get out the vote efforts and voter registration drives. “Given that this is mostly conservative groups we are talking about, it isn’t shoc...
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The last time I stood on the floor to talk about a “clean” debt limit increase, I did so to prove that we could do better. It was an effort to implore my Democrat colleagues in the House and Senate to heed the warnings of the President’s own Fiscal Commission, which clearly noted how our economy and hardworking taxpayers would suffer under the mountain of debt Washington was racking up. My position is unchanged. I remain as committed as ever to grappling with our debt; to making the tough decisi...
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Washington, DC - A new video released today by Ways and Means Committee Chairman Dave Camp (R-MI) provides a glimpse into the Committee’s effort to overhaul the tax code – a 25 percent reduction in the size of the federal income tax code. This data point underscores the Chairman’s long-stated commitment to making the tax code simpler and fairer so that families and job creators have more resources to invest and grow while spending less time and money on tax compliance. “As we look to the year ah...
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Washington, DC - Today, Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement in response to the announcement that fellow Committee member Rep. Jim Gerlach (R-PA) will not seek reelection. “Jim Gerlach is a respected leader on the Ways and Means Committee and in the Congress. He is a true professional dedicated to finding real solutions for his constituents and the American people. As a Member of the Health Subcommittee, he worked to ensure that the availability of ou...
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Washington, DC - Today, Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement after the Department of the Treasury and Internal Revenue Service (IRS) released proposed changes for 501(c)(4) tax-exempt organizations rules. "There continues to be an ongoing investigation, with many documents yet to be uncovered, into how the IRS systematically targeted and abused conservative leaning groups. Before rushing forward with new rules, especially ones that appear to make it h...
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Washington, DC - Today, Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement after the release of the international tax reform draft by Senate Finance Committee Chairman Max Baucus (D-MT). “Today’s release of Chairman Baucus’ international tax reform draft underscores the ongoing conversation about how we can fix our broken tax code so that America is a more attractive place to hire and invest. This is a critical debate that must take place if we are going to get ou...
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Washington, DC - Today, Ways and Means Committee Chairman Dave Camp (R-MI) made the following statement after Representatives Diane Black (R-TN) and Danny K. Davis (D-IL) introduced the Student and Family Tax Simplification Act. The legislation is designed to make it easier and simpler for families to afford the costs of higher education by consolidating four separate tax provisions into one improved and more robust education tax benefit. “A good education is critical, and it is important that ...
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