Congressman Dave Camp (R-MI), Chairman of the Committee on Ways and Means, today announced that the Committee will hold a hearing on alternative tax systems, with a focus on tax systems that are based on taxing consumption rather than income.  Specifically, the Committee will consider the FairTax – a proposal to replace existing federal taxes with a national retail sales tax – and… Read more

Good morning and thank you for joining us today.  Today is the ninth hearing that we have held on comprehensive tax reform, not counting the roundtable discussion held by the Joint Committee on Taxation where we were joined by key architects of the Tax Reform Act of 1986.  During our very first hearing of the year – which was also our first hearing on tax reform – we discussed… Read more

President Obama skirts responsibility for his out-of-control government spending. “The deficit was on track to top $1 trillion the year I took office.” The deficit in 2008, the last year before President Obama took office, was $458.6 billion. The projected deficit for 2011 is $1.5 trillion. This year’s deficit is projected to be 323 percent higher than… Read more

While the most expensive and disruptive changes of the Democrats’ health care law do not take effect until 2014, this week provided a startling glimpse of what consumers can expect from the Democrats’ trillion dollar health care law.  Below are examples of how the health care overhaul will increase costs and has left government bureaucrats with the power to limit consumers’ choice,… Read more

HEARING ON TAX REFORM AND CONSUMPTION-BASED TAX SYSTEMS … Read more

A new report released today by the National Federation of Independent Business (NFIB), the nation’s largest small business advocacy group whose membership consists of 350,000 small business owners nationwide, provides further evidence that the Democrats’ health care law is adding higher costs, new taxes and increased deficits. The key findings from the report provide a stark contrast… Read more

Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) released the following statement in reaction to a proposal put forward by Speaker John Boehner (R-OH) that would cut federal spending by more than $1 trillion and avoid a default on America’s debt – which the Treasury Department has warned could happen in less than 10 days.   “House Republicans put forward… Read more

The President’s Demand for a 2-Year Debt Limit Increase is Abnormal Historical data are clear: short-term debt limit increases have been the norm and financial markets don’t “panic” over them.  So, why are President Obama and Senate Democrats insisting on a debt limit increase that spans nearly 2 years?  Consider the facts: Over the last twenty-five years,… Read more

35% The U.S. corporate tax rate. 9.2%                 The current unemployment rate. … Read more

Washington, DC - Today, Ways and Means Committee Chairman Dave Camp (R-MI) and Trade Subcommittee Chairman Kevin Brady (R-TX) issued the following statements in reaction to the announcement that 12 Republican Senators have sent a letter to President Obama indicating that they will act on a standalone Trade Adjustment Assistance (TAA) compromise negotiated and agreed upon by the House,… Read more