With unemployment just under 10% and companies sitting on their cash, you would think that sooner or later job growth would take off. I think it's going to be later—much later. Here's why.
Meet Sally (not her real name; details changed to preserve privacy). Sally is a terrific employee, and she happens to be the median person in terms of base pay among the 83 people at my little company…
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Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI) today issued the following reaction to the July jobs report:
“This economy is still very fragile and far too many Americans are still out of work. If Democrats raise taxes on small businesses, which is what the White House and most Democrats in Washington want to do, we are all but guaranteed more job losses and a rougher…
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Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI), Social Security Subcommittee Ranking Member Sam Johnson (R-TX) and Health Subcommittee Ranking Member Wally Herger (R-CA) today made the following statements on the release of the 2010 Social Security and Medicare Trustees Reports:
Rep. Camp: “The reports of the Social Security and Medicare Trustees released today again…
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The 2010 Medicare Trustees report confirms what employers have been saying for months – that the Democrats’ health care law will result in a substantial and marked decline in employer-sponsored retiree drug coverage.
In 2009, 20 percent of seniors participating in Part D did so through a retiree plan offered by their former employer who received a federal subsidy. These…
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Washington, DC – In light of news this morning that the economy continues to grow at a slow pace, Ways and Means Ranking Member Dave Camp (R-MI) urged Democrats to join Republicans in preventing job-killing tax hikes to go into effect on January 1, 2011.
“Today’s announcement that the economy continues to struggle is no surprise to American workers and businesses. This is simply further…
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Last night, I intended to offer a motion to recommit that would have eliminated the new, onerous, job-killing 1099 requirement that is in the health care law. In addition to helping small businesses, the motion to recommit would have better protected taxpayers from erroneously paying too much in health insurance subsidies. The motion would have cut taxes, cut spending, protected…
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This week, a wide array of economists joined Congressional Republicans in calling on Democrats to prevent their planned massive tax hike:
Mark Zandi, Moody’s Economy.com Chief Economist, who is often called upon by Speaker Pelosi and House Democrats for economic guidance, advised that “I would not allow those tax increases to take hold on January 1st either.”
James…
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President Obama and Democrats’ grand experiment with Americans’ health care is already backfiring just mere months after becoming law. A survey of 459 employers by Fidelity Investments, a leading provider of employee benefits, finds that 1 in 5 employers are “seriously” evaluating dropping health benefits for their employees. Furthermore, 1 in 2 small businesses are bracing for higher…
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Washington, DC – While rank-and-file Democrats lined up behind a Republican effort to repeal the onerous, job-killing 1099 tax provision found in the new health care law, Democrat leaders doomed H.R. 5982 to failure by including billions of dollars in new job-killing tax increases on American employers. Ways and Means Ranking Member Dave Camp (R-MI) issued the following quote after the…
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Good morning. We are here today to consider about how best to keep children safe, and specifically what lessons have been learned from demonstration projects implemented under waivers of Federal child welfare law.
We are privileged to have a distinguished panel of experts here to review those questions and more. I would especially like to highlight the testimony of George Sheldon of…
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