Washington, D.C. – Today, House Ways and Means Subcommittee on Oversight Chairman Charles Boustany (R-LA) sent a letter to IRS Commissioner John Koskinen highlighting his concerns with the time and money the IRS spends annually on National Treasury Employees Union (NTEU) activity.  The IRS has estimated that in Fiscal Year 2013, taxpayers funded over $20 million and over 500,000 work… Read more

Today, IRS Commissioner Koskinen painted a clear picture of how the IRS plans on “overseeing” billions of dollars in taxpayer subsidies.  When asked by Health Subcommittee Chairman Brady if the IRS would be following the law and collecting taxpayer dollars that went to people who were not eligible, Koskinen simply said, “Wherever we can, we follow the law.” … Read more

Congressman Pat Tiberi (R-OH), Chairman of the Subcommittee on Select Revenue Measures, today announced that the Subcommittee will hold a hearing on defined benefit pension plans offered by private sector employers, including both multiemployer plans and single employer plans.  The hearing will take place on Wednesday, September 17, 2014, in 1100 Longworth House Office Building,… Read more

Today’s College Grads Face Far Higher Unemployment Rates. Compared to their older peers, today’s college grads face higher rates of unemployment well beyond age 30. Source: Federal Reserve Bank of New York, Are Recent Grads Finding Good Jobs? ________________ As introduced on June 17, 2014, Ways and Means Chairman Camp is… Read more

Since I’ve studied a bit of economics at the University of Chicago, I want to start today with a quote from Milton Friedman: “One of the great mistakes is to judge policies and programs by their intentions rather than their results.”  I’ve spent the last two years on this subcommittee learning about many of our nation’s social services programs, and I’ve found that to ring… Read more

In the Last Six Years, 99% of Net Job Growth Has Been Among Older Workers.  The vast majority of job gains have been among older workers, leaving behind young adults and prime-age workers.    Source: U.S. Department of Labor, Bureau of Labor Statistics. ________________ As introduced on June 17, 2014, Ways and… Read more

Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R- MI) issued the following statement on the August jobs report. “We are still not seeing the job growth Americans deserve.  Worse yet, a record number of Americans have dropped out of the labor force altogether.  The Senate needs to act on the over forty House-passed jobs bills so we can jumpstart this… Read more

Young People Aren’t Joining the Workforce.  Nearly half of young adults ages 16-24 are not participating in the workforce.  Source: U.S. Department of Labor, Bureau of Labor Statistics. ________________ As introduced on June 17, 2014, Ways and Means Chairman Camp is listing 40 reasons for the Senate to pass the 40… Read more

Half of College Grads Are Still Relying on their Parents after Graduation. Half of graduates are still relying on their parents or other family members for financial help, causing many to postpone life goals like getting married, having children, or buying a home. Source: Wall Street Journal Market Watch, Half of Parents… Read more

Record Share of Adult Children Are Living with their Parents. There are more adult children living with their parents than at any other time since this data was first collected in 1960. Source: Department of Commerce, Census Bureau, Current Population Survey Data on Families and Living Arrangements, Table… Read more