On October 26, 2011, as part of its overall approach to comprehensive tax reform that lowers rates and broadens the base, this Committee released a discussion draft aimed at modernizing our outdated international tax rules.  The draft included a structure that would allow the U.S. to move from a worldwide taxation system to a participation exemption system similar to that used by… Read more

House Ways and Means Health Subcommittee Chairman Kevin Brady (R-TX) today announced that the Subcommittee on Health will hold a hearing on the recently released 2013 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds.  This hearing will allow the Subcommittee to focus specifically on the Medicare… Read more

I appreciate the opportunity to be here with all of you today.  There are a few events that come up every year that allow us to reflect on the progress that has been made as we continue our work on comprehensive tax reform.   This is one of those events.   Last year, I was ribbed quite a bit for quoting the lyrics of an old Dusty Springfield… Read more

Welcome everyone, to our hearing on the U.S.-Brazil trade and investment relationship. The U.S. trade and investment relationship with Brazil deserves to be recognized as one of our most important. Brazil has been our eighth largest trading partner in recent years, accounting for nearly $60 billion in trade and a U.S. surplus of over $5 billion. Since 2000, Brazilian investment in… Read more

U.S. Congressman Sam Johnson (R-TX), Chairman of the House Committee on Ways and Means Subcommittee on Social Security, today announced a hearing on encouraging work through the Social Security Disability Insurance program.  The hearing will take place on Wednesday, June 19, 2013, in B-318 Rayburn House Office Building beginning at 10:00 a.m. In view of the limited time available… Read more

Hearing on U.S.-Brazil Trade and Investment Relationship: Opportunities and Challenges ________________________________________ HEARING … Read more

  Washington, D.C. - Dave Camp (R-MI), the Chairman of the House Committee on Ways and Means, today congratulated the State of Michigan on receiving approval for their short-time compensation (STC) program from the U.S. Department of Labor (DOL).  This approval makes Michigan eligible for federal funds first made available under The Middle Class Tax Relief and Job… Read more

Congressman Dave Reichert (R-WA), Chairman of the Subcommittee on Human Resources of the Committee on Ways and Means, today announced that the Subcommittee will hold a hearing titled, “More Spending, Less Real Help: Reviewing How Today’s Fragmented Welfare System Fails to Lift Up Poor Families.” The hearing will review programs designed to assist low-income individuals and… Read more

Washington, DC - Today, Ways and Means Chairman Dave Camp (R-MI) released the following statement in reaction to the May jobs report from the U.S. Department of Labor.  A net total of 175,000 jobs were created and the unemployment rate for May increased to 7.6 percent from 7.5 percent in April. “The fact that the unemployment rate remains this high is just more… Read more

By Peggy Noonan Quickly: Everyone agrees the Internal Revenue Service is, under current governmental structures, the proper agency to determine the legitimacy of applications for tax-exempt status. Everyone agrees the IRS has the duty to scrutinize each request, making sure that the organization meets relevant criteria. Everyone agrees groups requesting tax-exempt status… Read more