Mr. Secretary, the last time you testified before this committee it was “Mr. Director.”  So, please allow me to do publicly what I’ve already done privately, and that is to congratulate you on your new post.  As you are well aware, this Committee has broad jurisdiction and interacts with many departments and agencies – none more important than the Treasury Department.  As… Read more

In 2009, Administration economists predicted that as a result of the Democrats’ trillion-dollar stimulus plan, the unemployment rate would never rise above 8 percent and would decline to 5 percent by mid-2013.  The unemployment rate then soared above 8 percent for over three years, and has only recently declined because millions of people have simply given up even looking for… Read more

Washington, DC – Today, Subcommittee on Oversight Chairman Charles Boustany Jr., M.D. (R-LA) wrote to Internal Revenue Service (IRS) Acting Commissioner Steve Miller regarding reports that the IRS is searching through taxpayer emails, text messages and social media to compile information without a warrant. Boustany requested the IRS provide its privacy policies and… Read more

TOTAL TAX INCREASES AND OTHER REVENUE INCREASES REVENUE RAISED 2014 - 2023  1,083,000,000,000 Click here for more information. ### Read more

The Committee on Ways and Means has jurisdiction over federal government borrowing, as well as the Treasury Department’s debt management practices and the debt limit. The Founders vested the power to borrow money exclusively in the Legislative Branch. Since the Founders’ time, Congress has repeatedly exercised that power by authorizing the Executive Branch to borrow funds on the country’s… Read more

Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) made the following statement in response to the President’s FY2014 Budget. “Our country faces great challenges, and meeting those challenges requires that we work together.  I welcome the President’s inclusion of reforms to Medicare and Social Security.  With more than 10,000 Baby Boomers… Read more

Good afternoon Chairman Graves, Ranking Member Velazquez and Members of the House Small Business Committee.  I’d like to take a moment to thank those small business owners who will appear on the next panel.  I won’t be able to stay for your testimony, but I thank you for taking time away from your businesses to be here today.  You have first-hand knowledge of just how… Read more

By Dave Camp and Max Baucus Every week Congress has been in session for the past two years, one of us has made the short walk across the Capitol to the other's office. We crowd into a room with our policy experts to chart a path to our mutual goal—comprehensive tax reform. While we are from different political parties, we agree that America's tax code is broken. That is… Read more

The official unemployment rate fell in March because 496,000 people gave up looking for work and dropped out of the labor force, not because significant numbers of Americans found jobs.  This was the largest one-month drop in the labor force since December 2009 and the largest drop in the month of March since March 1960 (-550,000).  In fact, the survey that is used to… Read more

Washington, DC - Today, Ways and Means Committee Chairman Dave Camp (R-MI) released the following statement in reaction to the March jobs report from the U.S. Department of Labor.  A net total of 88,000 jobs were created and the unemployment rate for March decreased to 7.6 percent from 7.7 percent in February.   "Too many Americans remain out of work, and even more Americans… Read more