(Remarks as Prepared) Thank you, Mr. Chairman. Earlier this year this Subcommittee met to examine issues surrounding banking secrecy and illegal tax evasion.  At that hearing, we all agreed that criminal tax evasion should be Aggressively pursued and punished.  I also said that I hoped our efforts in this area would remain focused on compliance; that the line between illegal tax… Read more

  (Click to Play) Americans repeatedly say their top health care reform priority is lowering the cost of health coverage. In an analysis conducted by the Congressional Budget Office (CBO), health insurance premiums for many families would be nearly $5,000 more expensive under Democrats’ bill compared to those in the Republicans’ plan.    CBO estimated that the Republican bill… Read more

Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI) today released additional analysis of a Congressional Budget Office (CBO) report showing that the GOP health care reform plan would lower premiums for individuals and families, whether they bought insurance on their own or through an employer. “Under Republican health care reforms, premiums will go down, making coverage more… Read more

It's safe to say Sen. Olympia Snowe (R-Maine), the only Republican who appears to be entertaining support for the Democratic health reform bills, is no fan of the House legislation. "I do not know what world they live in," Snowe said in an interview. "But all I know is it is  totally detached from the average person, the average business owner who is struggling to keep their doors open… Read more

Democrats in Congress are embracing the spirit of President Obama's call to slow the runaway rise of health-care costs but are shying away from some of the most aggressive techniques for achieving that. Instead of revolutionizing how care is delivered and paid for, experts say, the legislation being shaped takes a cautious approach to reining in costs. "The bills are directionally… Read more

Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI), who played a key role in developing the Republicans’ health care bill, touted today an analysis by the Congressional Budget Office (CBO) showing health insurance premiums for many families would be nearly $5,000 more expensive under Democrat reforms compared to the Republican plan.  Americans have repeatedly said their top… Read more

Washington, D.C. – Ways and Means Republicans sent Speaker Pelosi a letter requesting 72 hours prior to a vote to review an estimate of the financial effects of proposed health care legislation (H.R. 3962), prepared by the Office of the Actuary (OACT) for the Centers for Medicare and Medicaid Services (CMS) at the Department of Health and Human Services. The Obama administration has… Read more

Washington, DC -- While the Obama Administration desperately continues its attempts to hide the failure of the “stimulus” bill, Ways and Means Ranking Member Dave Camp (R-MI) today released a chart using data from the Bureau of Labor Statistics that shows over 3 million jobs have been lost since the start of the year.  “The American people – the millions of families who are out of work… Read more

Washington, DC – Today, just one day after releasing their analysis of the House Democrats’ health care bill, the non-partisan Congressional Budget Office issued a 9-page letter to “clarify the measures being used by the Congressional Budget Office (CBO) in its analysis of such proposals—in particular, the effects of proposals on federal budget deficits and on the magnitude of the federal… Read more

The Democrats are touting a CBO analysis as proof their nearly 2,000 page government takeover of the U.S. health care system meets various budgetary tests.  But the analysis raises even more questions than it answers: 1. What is the true cost of the bill? At least $1.055 trillion, but more like $1.3 trillion. Democrats keep saying that the coverage provisions cost “only” $894 billion. … Read more