Washington, DC - In a White House meeting today with House Republicans, Ways and Means Committee Chairman Dave Camp (R-MI) emphasized that comprehensive tax reform that promotes job creation cannot and should not be confused with tax hikes. During the meeting, Chairman Camp pressed President Obama to take on comprehensive tax reform that is revenue neutral. Chairman Camp…
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Last December, the President’s own Fiscal Commission offered a plan to reign in our budget deficits and debt. While I did not support the final package – especially the tax increases it proposed – it did contain several meaningful suggestions for ways to get federal spending under control.
Yet last February, when the President submitted his budget for 2012, he ignored their…
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Congressman Dave Camp (R-MI), Chairman of the Committee on Ways and Means, today announced that the Committee will hold a hearing on major business and corporate tax issues and how changes to those aspects of the tax code, as part of comprehensive tax reform, might promote job creation and economic growth. Whereas the two most recent Committee hearings on the business aspects of tax…
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"Sooner or later, Democrats will have to admit that Medicare cannot keep running as it is — its medical costs are out of control, and a recent report showed its trust fund running out of money in 2024, five years earlier than expected."
A) The Wall Street Journal
B) The Washington…
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Good morning. I’d like to welcome everyone to this morning’s hearing on improper payments in the administration of refundable tax credits.
In the course of less than a decade, improper payments arising from refundable tax credits have cost taxpayers an estimated $106 billion according to government reports. To put this amount of money in perspective, it’s more than the…
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Today, in a hearing examining the administration of refundable tax credits, Ways and Means Democrats refused to address the rampant waste, fraud and abuse in the current tax code which has led to over $100 billion in improper payments — robbing taxpayers of their hard-earned tax dollars.
Despite testimony offered by witnesses from the Internal Revenue Service (IRS),…
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Washington, D.C. - Today, Ways and Means Chairman Dave Camp (R-MI) introduced the necessary legislation that allows the U.S. House of Representatives to reject a so-called clean increase in the nation's debt limit. The legislation, which Chairman Camp strongly opposes and is expected to be voted on as early as next week, would increase the debt limit by $2.4 trillion - the…
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Good afternoon, and thank you for joining us today for the next in our series of hearings on comprehensive tax reform. Today’s hearing will examine international tax rules in various countries and identify best practices that might be applied here in the United States. The hearing will explore policy choices that must be considered to create a structure that maximizes…
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Washington, D.C. - U.S. Senator Orrin Hatch (R-Utah), Ranking Member of the Senate Finance Committee and House Ways & Means Committee Chairman Dave Camp (R-Mich.) today wrote to Health and Human Services Secretary Kathleen Sebelius expressing deep concerns regarding the lack of transparency and limited communication to small businesses regarding the waiver process.
To date, 1,372…
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Camp Announces Hearing on How Other Countries Have Used Tax Reform to Help Their Companies Compete in the Global Market and Create Jobs
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