The table below compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through August 2009 (the latest state-by-state figures currently available).  As this table shows, the only place in America solidly on track to meet the Administration’s job… Read more

Washington, D.C.- Ranking Member Dave Camp (R-MI) today made the following comment on the release of the advance estimate of the second quarter GDP: "Today’s GDP data simply confirms what American families already know – our economy is shrinking and causing thousands of Americans to lose their jobs.  The national unemployment rate is approaching 10 percent and the unemployment rate in… Read more

On Oct. 3, 2008, the Troubled Asset Relief Program (TARP) was signed into law. At $700 billion, this bank bailout was unprecedented. Perhaps more striking at the time, however, was the complete lack of meaningful guidelines, measurable benchmarks, and strings attached to the bailout money. In essence, the only restriction placed on the secretary of the Treasury was that he had to spend… Read more

Background:  “In his new book, Positively American: Winning Back the American Middle Class One Family at a Time, Senator Charles Schumer reveals the imaginary constituents that have long informed his political career: Joe and Eileen Bailey. The Baileys live in a suburb of Long Island with their three kids, they both work, and they earn about $75,000 annually….Schumer says that the… Read more

WASHINGTON, DC – Following the jobs report this morning, Ways and Means Ranking Member Dave Camp (R-MI) released the following statement: “Jobs have not been saved—they have been lost.  And, thousands more will be out of work this summer as GM and Chrysler lay off workers, shutter plants and eliminate dealerships – the ripple effect of which will be felt throughout U.S. manufacturing… Read more

(Remarks as Prepared)Mr. Chairman, thank you for yielding time.  I want to thank you for holding this hearing and for your leadership on a number of legislative initiatives on which we are cooperating, including our offers-in-compromise legislation as well as other projects.  As the new Ranking Member for this Subcommittee, I look forward to continuing to work with you to improve IRS tax… Read more

(REMARKS AS PREPARED) Thank you for yielding, Mr. Chairman. I’m glad the Committee is getting to work early on Airport and Airway Trust Fund financing.  We all can agree that funding improvements to the nation’s airports and air infrastructure is vitally important to creating and sustaining economic growth and promoting commerce.  This is an issue that can and should be addressed in a… Read more

Americans want Congress to pass meaningful legislation to reduce health costs, improve access to needed care, expand coverage and shore up the unstable Medicare program. Controlling rising costs remains the top priority on the health reform agenda. Rising health costs make health insurance coverage unaffordable for millions of Americans. Others face massive increases… Read more

(REMARKS AS PREPARED) Thank you, Chairman Lewis. I’d first like to recognize the absence of our Ranking Member on Oversight, Dr. Boustany, whose father passed away earlier this week.  The thoughts and prayers of all of our committee members are with him and his family. The Troubled Asset Relief Program, or TARP, was intended to open up credit for families and businesses, but… Read more

Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI) issued the following statement today on the decision by AIG, the insurance giant that received over $170 billion in federal assistance to date, to pay $165 million in retention bonuses to its employees. “I don’t know what’s more appalling: AIG’s decision or the choice by some in Congress to sneak a provision into the… Read more