Washington D.C. - Ways & Means Ranking Member Dave Camp (R-MI) released the following statement today after the release of the annual Trustees Report:  "The Trustees Report confirms what we already know: Medicare and Social Security are fast running out of critical funds and without action they are speeding toward bankruptcy.  So, today, I and many of my colleagues will again sound… Read more

The Obama administration announced a plan last week which would alter the tax code by eliminating the tax deferral for American companies conducting business overseas.  The Tax Foundation released the video below which illustrates the detrimental impact this change would have on these employers and their workers: click on the image to play the video ### Read more

Washington D.C. - Ways and Means Ranking Member Dave Camp (R-MI) today announced the promotion of Dave Olander to Chief Tax Counsel and the addition of George Callas and Jill Schmalz to the Republican tax and health staff respectively. “Serving as Chief Tax Counsel is a tough and demanding job, but Dave’s policy expertise and Capitol Hill experience made him the easy and right choice for… Read more

Washington D.C. – In a recent letter to U.S. Labor Secretary Hilda Solis, Ways & Means Republican Members expressed their opposition to the Department’s plans to mandate that state Employment Service (ES) employees administer the expanded Trade Adjustment Assistance (TAA) for workers program.  Earlier this year, lawmakers in both chambers of Congress worked together to enact a new… Read more

WASHINGTON, DC – The U.S. Department of Labor released its monthly employment report showing that the nation’s unemployment rate jumped to 8.9 percent in April, which economists expect will rise to 10 percent next year and remain high through 2011.  In reaction to the data, Ways and Means Ranking Member Dave Camp (R-MI) issued the following statement: “There is such a thing as a double… Read more

(REMARKS AS PREPARED) Thank you for yielding, Mr. Chairman. I’m glad the Committee is getting to work early on Airport and Airway Trust Fund financing.  We all can agree that funding improvements to the nation’s airports and air infrastructure is vitally important to creating and sustaining economic growth and promoting commerce.  This is an issue that can and should be addressed in a… Read more

President Obama revealed Monday that he's half a supply-sider. If only someone could explain to him the other half. We have a tax code, the President said, "that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York." That sounds like a great argument for lowering taxes on the guy creating jobs in Buffalo. Alas, that's not… Read more

(REMARKS AS PREPARED) Thank you for yielding, Mr. Chairman. I want to take a moment of personal privilege in welcoming Secretary Sebelius to the Ways and Means Committee; I expect it will be a place we meet often.  And, as much as I respect this room and what happens within its walls, I think we would both readily admit that the Leelanau Peninsula, an area I represent and I understand… Read more

Commerce: Like crocuses blooming after a harsh winter, polls suddenly show a dramatic rise in support for free trade. This bodes well for an acceleration in the direction the Obama administration is headed. Last July, the outlook was absolutely bleak for free trade. As a recession hit in 2008 and imports posted the steepest drop since 1942, the American public looked as if it were… Read more

Washington D.C. – Ways & Means Ranking Member Dave Camp (R-MI) released the following statement today after President Obama announced his plan to alter the tax code: “We clearly need to reform our international tax laws, and no one should be able to shirk paying the U.S. taxes they owe. But this proposal isn’t about closing loopholes; it is about closing the door on good paying… Read more