Washington, DC - Today, Ways and Means Committee Chairman Dave Camp (R-MI) and Senate Finance Committee Ranking Member Orrin Hatch (R-UT) sent a letter to heads of the Business Roundtable and the National Federation of Independent Business (NFIB) responding to the President Obama’s call for a corporate tax reform only approach to tax reform as a means of averting the fiscal cliff. In the letter, the two reaffirmed their support for comprehensive tax reform and noted that, “Reforming some portion... Read more

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Last week, a New York Times editorial noted that, despite November’s job gains, the employment situation in the U.S. is still bleak: “Over all, the job market is still very weak, with an estimated 3.9 million people having either dropped out of or never entered the work force after leaving school, on top of 12 million people who are officially unemployed and 8.2 million who are stuck in part-time jobs.” Faced with such a desperate situation, the worst thing that the President and Congress can d... Read more

Washington, DC - Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement today in response to a letter to Congress from the Business Roundtable (BRT), an association of some of America’s largest multinational corporations, stating that higher tax rates on individual taxpayers should be considered to avert the fiscal cliff. "Big business may support raising tax rates on small businesses, but I do not. The solution to the fiscal cliff isn't higher tax rates, which econom... Read more

Today, as President Obama heads to Detroit to renew his call for $1.6 trillion in higher taxes, including higher tax rates, Main Street job creators are sharing first hand what the impact of the President’s proposal means to them and the men and women working alongside them – their employees. In some cases, the President’s tax hikes will force businesses to adjust hiring plans and hold back on capital expenditures. In other cases, higher taxes means delaying raises and curtailing contributions ... Read more

Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) released the following statement in reaction to the November jobs report from the U.S. Department of Labor. A net total of 146,000 jobs were created, and the unemployment rate for November decreased to 7.7 percent. “The fact that the unemployment rate remains this high is why it is so important that we find a balanced solution to the fiscal cliff that does not put the jobs of middle-class Americans at risk. Every credible study ha... Read more

WASHINGTON – House Ways and Means Committee Chairman Dave Camp (R-Michigan) and Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) issued the following statement after the White House convened a call this morning with the charitable giving community: “Today, the White House chose to mislead and scare America’s charitable giving community, using them as pawns in an effort to achieve their tax hike proposal. This is abhorrent, wrong and needs to stop. The truth is that the White House pl... Read more

Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement in reaction to Treasury Secretary Timothy Geithner’s statement that the Obama Administration is ready to go over the fiscal cliff if tax rates are not increased. “It is irresponsible for the President and Treasury Secretary to prefer to drive this country back into a recession instead of working with Republicans on tax reform – tax reform that can and will raise the revenue they are demandi... Read more

Yesterday, President Obama claimed that “the math” behind Republicans’ proposal to obtain $800 billion in revenue through tax reform without raising tax rates does not add up: "Unfortunately, the Speaker's proposal right now is still out of balance. You know, he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. And when you look at the math, it doesn't work." However, just last year the President said that it was possible to obtain $1.... Read more

GOP Tax Reform President’s Plan Creates a simpler and fairer tax code Yes No Closes special interest loopholes Yes No Lowers tax rates for families and employers Yes No Encourages job-creating investments Yes No Makes the United States a more attractive place to invest and create jobs by reducing the corporate tax rate to 25 percent Yes No Modernizes America’s 1950s style international tax system so our workers can compete in the 21st century Yes No Ensures that the level of tax revenue taken o... Read more