The non-partisan Congressional Budget Office released a report showing how the successful Part D program has harnessed competition and private sector innovation to save billions for taxpayers and seniors. The report highlighted that spending in fiscal year 2013 was $50 billion less than CBO's originally projected in that year.  That is nearly HALF of what they had… Read more

Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) sent additional evidence to the Department of Justice (DOJ) regarding the April 9, 2014 criminal referral letter which laid out evidence of possible criminal wrongdoing by former IRS employee Lois Lerner uncovered through the Committee’s investigation. In releasing the letter, Camp stated, “Despite the serious… Read more

Record Numbers Living in Poverty. In 2012 (the most recent data), a record 46.5 million Americans were living in poverty. Source: U.S. Department of Commerce, Census Bureau. ________________ As introduced on June 17, 2014, Ways and Means Chairman Camp is listing 40 reasons for the Senate to pass the 40 jobs bills the House… Read more

Good morning and thank you for joining us for our subcommittee hearing on dynamic analysis of Chairman Camp’s tax reform discussion draft, the Tax Reform Act of 2014.   Today we examine the discussion draft of the Tax Reform Act of 2014, released by Chairman Camp in February.  The draft attempts to overhaul the tax code to create one that is simpler, fairer, and more… Read more

Thank you to our guests and witnesses for joining us today for this important hearing to review what we can do to help more parents go to work and help families escape poverty. We clearly have lots of work to do, as we enter the sixth year of the so-called “Obama recovery.”  Not only has this been the worst recovery for jobs and growth ever, but record numbers of Americans are… Read more

Washington, DC – Today, Ways and Means Subcommittee on Social Security Chairman Sam Johnson (R-TX) introduced H.R. 5260, the Stop Disability Fraud Act of 2014, to combat fraud in the Social Security Disability Insurance (DI) program and better protect taxpayers and beneficiaries. Upon introducing the bill, Chairman Johnson gave the following remarks on the House floor: “Every… Read more

Washington, DC – Today, House Ways and Means Subcommittee on Trade Chairman Devin Nunes (R-CA) and Ranking Member Charles Rangel (D-NY), along with 138 other Members, sent a letter to President Obama stating their concerns over the status of the agriculture market access negotiations with Japan and Canada in the Trans-Pacific Partnership (TPP) negotiations, in particular the effort by… Read more

Involuntary Part-Time Employment Remains Nearly Double Pre-Recession Levels.  The number of part-time workers who would prefer to work full-time has nearly doubled since 2007 to 7.5 million. Source: U.S. Department of Labor, Bureau of Labor Statistics. ________________ As introduced on June 17, 2014, Ways… Read more

Yesterday, the Social Security Board of Trustees – folks who provide us with the results of Social Security’s annual financial check-up – again sounded the alarm over Social Security’s financial health.   Unless Congress does its job, full benefits can’t be paid on time beginning in just two years for those receiving disability benefits.  Further, when today’s 48- year old… Read more

Good afternoon. Welcome to today’s hearing on advancing our trade agenda and trade with Africa.  Before hearing from our witnesses, I’d like to make three points. First, we are committed to a seamless, bipartisan renewal of AGOA well before its expiration in 15 months. Congressman Rangel and I worked closely in developing this hearing – having jointly selected all the witnesses… Read more