The Economic Policy Institute (EPI), a union-funded organization, has estimated that the cuts contained in the CR would result in a loss of 994,000 jobs. This analysis is based on a highly simplified economic analysis that has repeatedly been demonstrated to be wildly inaccurate.
EPI’s Jobs Analysis – Even the White House Thinks It Is Wrong
EPI’s track record on forecasting the…
Read more
(Click image for print version)
1. Unless otherwise noted, all figures represent Administration estimates. For official Congressional scorekeeping purposes, these provisions will be re-estimated by the Joint Committee on Taxation, which could result in variations in particular scores.
2. Other portions of the budget indicate that this figure -- which could suggest a proposed…
Read more
Washington, DC - Ways and Means Chairman Dave Camp (R-MI) today delivered opening remarks at the Committee on Ways and Means Hearing with Office of Management and Budget Director Jacob Lew on the President’s 2012 Budget. Below are excerpts, followed by the full remarks.
A Missed Opportunity
“This budget is a missed opportunity – it misses the opportunity to substantially reduce…
Read more
HEARING ON THE PRESIDENT'S FISCAL YEAR 2012 BUDGET PROPOSAL WITH U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES SECRETARY KATHLEEN SEBELIUS
HEARING
BEFORE THE
…
Read more
HEARING ON THE PRESIDENT'S FISCAL YEAR 2012 BUDGET PROPOSAL WITH OFFICE OF MANAGEMENT AND BUDGET DIRECTOR LEW
HEARING
BEFORE THE
COMMITTEE ON WAYS AND MEANS
U.S. HOUSE OF REPRESENTATIVES
…
Read more
Washington, DC – Ways and Means Chairman Dave Camp (R-MI) and Oversight Subcommittee Chairman Charles Boustany (R-LA) sent a letter to Internal Revenue Service (IRS) Commissioner Douglas Shulman on late Friday afternoon, inquiring about reports of improper payments through the IRS’ Earned Income Tax Credit (EITC) program.
In the letter, the Chairmen outlined several concerns related…
Read more
Washington, DC - Ways and Means Chairman Dave Camp (R-MI) today delivered opening remarks at the Committee on Ways and Means Hearing with Treasury Secretary Timothy Geithner on the President’s 2012 Budget. Below are excerpts, followed by the full remarks.
Failure of the Budget
"...[I]t would result in record high deficits while pushing the federal tax burden to over 20 percent of our…
Read more
Democrats today made outrageous claims that the Social Security Administration’s (SSA) offices “would shut down” due to a proposed administrative budget reduction, a claim which is false and based on hypothetical scenarios. Despite the Democrats’ irresponsible scare tactics, the facts show that the Republicans' proposed one percent cut will not harm seniors’ benefits. Furthermore, any…
Read more
Washington, DC - Ways and Means Committee Chairman Dave Camp (R-MI) today issued the following statement in reaction to the release of the Administration’s budget:
“It is time to say ‘enough is enough’ and put a stop to the government’s deficit spending spree. It is time for Washington to learn to live within its means. We need a serious plan to address our out of control spending…
Read more