Today, in an interview on CNBC’s "Squawk Box," Obama insider Don Peebles threw cold water on the Democratic-endorsed idea of tax increases saying, "Well, I think the door should have been slammed on any new taxes.  I think it's closed but not slammed.  Hard core reality is that there's no appetite in the financial markets, businesses cannot afford it.  Any increase in… Read more

Mr. Speaker, if Congress does not act – and act now – America will default.  That would wreak havoc on our economy and make it harder for Americans to find and keep a job in an already weak economy.  Default cannot be an option, and I am pleased that the bill before us ensures that will not occur. Just as a default would threaten the economic health of this country, so would… Read more

Washington, DC - Chairman Dave Camp (R-MI) released the following statement after the bipartisan House vote passing legislation to prevent default and cut spending: “Tonight’s vote marks a victory for our economy and the American people.  The legislation not only cuts spending and reforms how Washington manages its budget, it also prevents default on our financial… Read more

Yesterday, the White House attempted to portray a report in Health Affairs authored by economists and actuaries from the Centers for Medicare and Medicaid Services (CMS) as proof that the Democrats’ health care law will bring down costs and reduce spending.  But upon further review, the facts suggest otherwise.  This is the first annual report on national health spending since… Read more

AMERICA'S new health law would bring change, Democrats said, but not too much. In the battle over Obamacare, no matter was more delicate than the fear that Americans would lose their insurance. “If you like your health care plan,” Barack Obama assured a town-hall meeting in 2009, “you can keep your health care plan.” Two years later, the debate continues. The basic question is whether… Read more

Good morning.  I’d like to welcome everyone to this morning’s hearing on the new IRS paid tax return preparer initiative. In recent years, the increasing complexity of the Internal Revenue Code has led more and more Americans to rely on paid tax return preparers to fulfill their tax return filing obligations.  Paid tax return preparers prepared an estimated 60 percent of all… Read more

Today, the White House spin machine attempted to use a Health Affairs report authored by the economists and actuaries from the Centers for Medicare and Medicaid Services (CMS) to tout the supposed success of the Democrats’ health care law.  The report once again cites that national health care expenditures will increase as a result of the law.   Recall that previously, the… Read more

I come to the floor today in strong support of the Budget Control Act, a legislative approach that cuts out-of-control Washington spending and is a responsible and necessary plan to avoid a default on our nation’s debt. As we all know, under President Obama we are experiencing our third straight year of deficits in excess of $1 trillion.  In four years, President Obama’s actions… Read more

Washington, DC - Today, Chairman Dave Camp delivered remarks at the U.S. Chamber of Commerce, below are excerpts followed by the full remarks. The Challenges We Face "Today, we face some historic challenges.  The national unemployment rate has not been this high for this long since the Great Depression.  Despite this fact, the President – at virtually every turn – argues… Read more

A recent “infographic” released by the White House tries to assign the blame for our massive debt and deficits to former President Bush and Republican Congresses.  However, the graphic conveniently omits President Obama’s record and his plans for the fiscal future of our country.  If the President had his way and his Fiscal Year 2012 budget proposal was enacted, here is what a… Read more