Under current law, American companies pay a 35 percent U.S. tax on profits they earn abroad. They get credits for tax payments to foreign governments and don’t pay the U.S. anything until they bring the money home. House Ways and Means Committee Chairman Dave Camp (R-Mich.), the top Republican tax-writer in Congress, wants to… Read more

In the past two days, both former President Clinton and former Economic Advisor to President Obama, Larry Summers, argued against the President's push to raise taxes on American families, small businesses and investors. Today, another top Democrat, Senate Budget Committee Chairman Kent Conrad, joined in.  As reported in Politico, “Senate Budget Committee Chairman Kent Conrad… Read more

I come to the floor today in support of H.R. 436, The Health Care Cost Reduction Act of 2012.   This bill would repeal two of the harmful tax hikes contained in the Democrats’ health care law – the medical device tax and the restrictions on using health-related savings accounts for over-the-counter (OTC) medication.  The legislation also includes a provision that will… Read more

Washington, DC – Committee on Ways and Means Human Resources Subcommittee Chairman Davis (R-KY), Human Resources Subcommittee Member Congressman Berg (R-ND), and Human Resources Subcommittee Ranking Member Doggett (D-TX) issued the following statements today upon passage of H.R. 4282 in the House of Representatives.  Known as the “International Child Support Recovery Improvement Act… Read more

Yesterday, it was former President Bill Clinton... "However, Clinton did say that Congress would be best off agreeing, at least for the time being, to extend all the tax cuts that are set to expire at the end of the year, including the so-called Bush tax cuts named after Clinton's successor, George W. Bush." (Source: CNBC) Today, it is the President's former top economic adviser… Read more

After a dismal May jobs report revealing 220,000 more men and women out of work, the Obama Misery Index rose to a record high of 80 percent.  The Obama Misery Index measures the rise in unemployment and debt since the beginning of the President's term.  The Administration's failed policies and out-of-control spending have led to a 5.6 percent increase in the number of unemployed… Read more

Washington, DC - Today, Ways and Means Chairman Dave Camp (R-MI) released the following statement in reaction to the May jobs report from the U.S. Department of Labor.  A net total of 69,000 jobs were created and the unemployment rate for May increased to 8.2 percent.   "This jobs report falls disturbingly short – short of the President’s promises, short of the economic… Read more

Good morning.  Today, we will separately consider four health care measures, two repealing portions of the Democrats’ health care law and two advancing new opportunities to lower costs and increase flexibility for health care consumers.   The repeal provisions target two of the taxes in the law – the medical device tax and the ban on using health-related savings accounts for… Read more

Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) released the following statement after the Committee approved four health care measures, each on a bipartisan basis.  Two of the bills reported by the Committee would repeal portions of the Democrats’ health care law and two would advance new opportunities to lower costs and increase flexibility for patients: “I am… Read more

Washington, DC - Today, the Ways and Means Committee posted approximately 1,300 Miscellaneous Tariff Bills (MTBs) introduced by nearly 80 House Republicans and 60 House Democrats for public comment.  A key objective of MTBs is to boost the competitiveness of U.S. manufacturers by lowering the cost of imported inputs that are not produced in the United States.  Each bill under… Read more