At the first Ways & Means Committee hearing this year Chairman Camp said that comprehensive tax reform would be a “long discussion.”  Last month Chairman Camp initiated a new phase of this “long discussion” when he released his international tax reform discussion draft.  I applaud Chairman Camp and his staff for their wonderful work in putting the discussion draft… Read more

This morning, the Ways and Means Subcommittee on Select Revenue Measures held a hearing with tax professionals in an ongoing effort to gather comments and analysis of the Committee's international tax reform discussion draft.  The draft is designed to transition the United States from a worldwide to a territorial system of taxation and eliminate the double taxation U.S.-based… Read more

Ways and Means Chairman Dave Camp (R-MI) and Ranking Member Sander Levin (D-MI), along with all members of the Ways and Means Committee, sent the following letter to United States Trade Representative Ron Kirk and Commerce Secretary John Bryson about the upcoming meeting of the U.S.-China Joint Commission on Commerce and Trade (JCCT).  The letter highlights the need to address… Read more

I come to the floor today in support of permanently repealing the onerous, job-killing 3 percent withholding law.  During House action last month, this legislation garnered more than 400 votes for repeal and passed, as amended, with an overwhelming 95 votes in the Senate last week.     The legislation, which has been championed by Ways and Means Health Subcommittee… Read more

Today, the House passed legislation authored by Ways and Means Health Subcommittee Chairman Wally Herger (R-CA) to repeal the 3 percent withholding law on certain payments made to vendors by government entities.  The bill also included a provision authored by Ways and Means member Rep. Diane Black (R-TN) that modifies the income definition used to determine eligibility for certain… Read more

Small businesses are the backbone of our economy: they account for more than half of America’s private gross domestic product and employ about half of its private sector workforce. As our economy struggles to recover from the worst downturn since the Great Depression, small businesses are bearing the brunt of the pain.  Consumer demand is down, costs are rising, and too often,… Read more

Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) and Health Subcommittee Chairman Wally Herger (R-CA) released the following statement in reaction to the announcement that the Supreme Court will review the constitutionality of the Democrats’ health care overhaul.   “The decision by the United States Supreme Court to review the multiple challenges to the… Read more

Washington, DC - In response to Japan’s statement of interest in joining the Trans-Pacific Partnership (TPP), Ways & Means Chairman Dave Camp (R-MI) and Trade Subcommittee Chairman Kevin Brady (R-TX) released the following statements: Chairman Camp: “I welcome Japan’s historic announcement of its interest in joining the Trans-Pacific Partnership.  Hopefully Japan’s decision is… Read more

Washington, DC - This week, a group of 20 academics and economists sent a letter to the House Committee on Ways and Means and the Senate Finance Committee calling for a reduction in the corporate tax rate.  Noting that the United States has the second highest statutory combined corporate tax rate of all 34 OECD countries, the signers encouraged U.S. policymakers to reduce the… Read more

Much attention has been given to President Obama’s continued “focus” on passage of the American Jobs Act.  As others have noted, looking back it seems that while the Obama Administration’s “focus” on job creation and their trillion dollar failed stimulus has received a lot of coverage for almost 3 years, it has yielded little in the way of actual job creation.  Now Rep. Debbie… Read more