WASHINGTON — Today, the Commerce Department released the latest estimate for real gross domestic product in the fourth quarter of 2014. Ways and Means Committee Chairman Paul Ryan (R-WI) issued the following statement upon the report's release. "If today’s report tells us anything, it’s that we still aren’t fulfilling our potential. Economic growth is low and wage growth… Read more

As Republicans and Democrats work to put in place bipartisan trade promotion authority, editorial boards from coast to coast are rallying behind the effort. Trade Promotion Authority—or TPA—empowers Congress to set the negotiating objectives when pursing trade agreements with other countries and helps the United States get the best deal possible. Here’s a sampling of what newspapers have… Read more

WASHINGTON — Today, Ways and Means Committee Chairman Paul Ryan (R-WI) and Oversight Subcommittee Chairman Peter Roskam (R-IL) introduced H.R. 599, the Stop Targeting of Political Beliefs by the IRS Act of 2015. The bill would prohibit the IRS from changing the way it handles applications for 501(c)4 status. And it would require the IRS to apply the standard it used before the… Read more

Democrats continue to claim we can fix the looming shortfall in disability insurance by raiding retirees’ Social Security trust fund. But CBO Director Doug Elmendorf poured cold water on those assurances during his testimony before the House Budget Committee yesterday. Rep. Diane Black asked the head of the nonpartisan agency whether the Democrats’ preferred answer… Read more

This afternoon, the House Ways and Means Committee will hold a hearing on United States trade policy, with U.S. Trade Representative Michael Froman. It's an opportunity to explore a critical component of a pro-growth economic agenda: expanding export markets for American-made goods and services. The vast majority of the world’s consumers live beyond our borders, and we… Read more

WASHINGTON — Today, Ways and Means Chairman Paul Ryan (R-WI) delivered the following opening statement during the Ways and Means hearing on the U.S. trade policy agenda with U.S. Trade Representative Michael Froman. "I want to start by thanking Ambassador Froman. You and your team are doing very important work, and this committee is going to do all we can to make it a… Read more

House Committee on Ways and Means Chairman Paul Ryan (R-WI) today announced that the Committee on Ways and Means will hold a hearing on President Obama's budget proposals for fiscal year 2016. The hearing will take place Tuesday, February 3, 2015, at 10:00 AM in Room 1300 of the Longworth House Office Building.  Oral testimony at this hearing will be from… Read more

WASHINGTON — Ways and Means Committee Chairman Paul Ryan (R-WI) released the following statement in response to reports that the president is dropping his proposal to tax 529 college savings accounts. Ways and Means member Rep. Lynn Jenkins (R-KS) has introduced bipartisan legislation that, rather than tax, would strengthen and expand this tool millions of families use to help save for… Read more

In 2013, Democrats argued that ending a “temporary” unemployment-benefits program would hurt families in need. In fact, they called unemployment benefits “one of the best ways to grow the economy.” At the same time, Republicans argued that the extended benefits program was holding back job creation, which is what the unemployed really needed. This program, called Emergency… Read more

WASHINGTON — Today, Ways and Means Committee Chairman Paul Ryan (R-WI) issued the following statement in support of H.R. 529, bipartisan legislation introduced by Reps. Lynn Jenkins (R-KS) and Ron Kind (D-WI) that would expand, modernize, and strengthen tax-free 529 college-savings plans. "The solution to skyrocketing tuition costs isn’t to make saving for college more expensive,… Read more