Let me start by saying that it is truly disappointing that this is the only trade bill in the past two years that has been marked up by the Ways and Means Committee.  I find it unacceptable that this is the sum total of our trade agenda. While this legislation addresses an important issue, it will not address many more pressing trade concerns with China and will not advance the goal of… Read more

Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI) today delivered the keynote address at the National Foreign Trade Council Annual Dinner and discussed the need for greater action on the U.S. trade agenda – by Congress, the Administration and the business community – in order to spur economic growth and create U.S. jobs. In the speech, Ranking Member Camp noted that… Read more

McDonald's Corp. has warned federal regulators that it could drop its health insurance plan for nearly 30,000 hourly restaurant workers unless regulators waive a new requirement of the U.S. health overhaul. The move is one of the clearest indications that new rules may disrupt workers' health plans as the law ripples through the real world. Trade groups representing restaurants and… Read more

Harvard Pilgrim Health Care is ending its Medicare health and prescription drug plan for seniors in Massachusetts, New Hampshire, and Maine because of changes to the program made by the Democrats’ health overhaul.  As a result, the Boston Globe reports that 22,000 seniors will lose their Medicare plan at the end of the year.  Seniors in New Hampshire will be particularly hard hit, as… Read more

Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI) and Health Subcommittee Ranking Member Wally Herger (R-CA) today sent Health and Human Services Secretary Kathleen Sebelius a letter inquiring about the Centers for Medicare and Medicaid Services’ (CMS) decision to eliminate certain Medicare Part D prescription drug plans that could force 3 million seniors out of their… Read more

Congress halted plans to pass a major tax bill before the November elections, leaving taxpayers and financial advisers unsure of how to plan for the future. One of three scenarios face Congress when it returns from the election recess: It will extend all of the Bush tax cuts of 2001, which expire this year; it will hammer out a new law, perhaps using some of President Barack Obama's… Read more

At the four hearings we held this year on China, we heard from many experts about our economic relationship with China, and in particular, China’s currency policy.  There is no debate that China’s currency is fundamentally misaligned.  We all agree that China must take prompt action to allow market forces to determine the value of its currency.  But let’s not kid ourselves – there… Read more

Washington, DC – Today, Ways and Means Ranking Member Dave Camp (R-MI) issued the following comment on the House Republicans’ “Pledge to America.” “For too long, Democrats in Washington have refused to listen to the American people.  It started when they rammed through a failed $1 trillion ‘stimulus’ bill that drove up the debt while the unemployment rate shot up to 10 percent and… Read more

Today, Vice President Joe Biden and Health and Human Services Secretary Kathleen Sebelius tried to put the best spin possible on the Administration’s unpopular health care law by touting changes to the Medicare prescription drug “donut hole.” Here’s what the Obama Administration won’t tell you: the vast majority of seniors – nearly 90 percent – will see no benefit from this program and… Read more

Washington, DC – Today, Republican Members of the Ways and Means Committee joined with National Taxpayers Union (NTU) Executive Vice President Pete Sepp to hold a press conference to unveil a letter signed by over 300 economists in support of “extending current tax rates on income and investments in order to prevent a devastating blow to America’s fragile economic recovery.”  House… Read more