Apr 15, 2014-- Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) released the following statement regarding Tax Day. “There is no better example of Washington’s inefficiency and ineffectiveness than our tax code. Today, as Americans across the country finish filing their taxes, they come face to face with a tax code that is too complicated, takes too much time to comply with and costs to... more
Apr 15, 2014-- Washington, DC – Today, Ways and Means Oversight Subcommittee Chairman Charles Boustany Jr., M.D. (R-LA) and Social Security Subcommittee Chairman Sam Johnson (R-TX) wrote to Treasury Secretary Jack Lew and Acting Social Security Administration (SSA) Commissioner Carolyn Colvin regarding media reports that adults who may have once received Social Security benefits as children were having their tax... more
Apr 9, 2014-- Washington, DC – Today, House Ways and Means Committee Chairman Dave Camp (R-MI) announced that the Committee, acting under its authority granted in Sec. 6103 of the Internal Revenue Code, voted out a criminal referral letter to Department of Justice (DOJ) Attorney General Eric Holder regarding actions taken by IRS employee Lois Lerner. Chairman Camp, in sending the letter on behalf of the Committ... more
Apr 9, 2014-- Good afternoon. I want to welcome everyone to today’s hearing on the trade implications of U.S. energy policy and the export of liquefied natural gas. Today’s hearing focuses on the enormous potential of the U.S. energy revolution of the past decade. I’d like to make four points before we hear from our witnesses. First, the exploration of unconventional energy reserves has strengthened U.S. energy... more
Apr 9, 2014-- While it operated, the Emergency Unemployment Compensation (EUC) program provided record amounts of financial assistance to over 24 million long-term unemployed individuals. The EUC program provided record weeks of unemployment benefits per person (a total of up to 99 weeks of all unemployment benefits in many states, far eclipsing the norm of up to 52 weeks), a record duration of such a program ... more
Apr 8, 2014-- Today’s hearing will examine two very important and complex regulations implementing reporting requirements of the Affordable Care Act’s mandates on local businesses and workers. These regulations are long overdue. Businesses have been forced to wait four years since the passage of the law for the Treasury Department to finalize these rules. In the meantime the regulatory process has set off contr... more
Apr 8, 2014-- Good morning and welcome to the first Ways and Means Committee hearing on elements of the tax reform discussion draft I released in February. The draft is focused on two primary goals: making the tax code simpler and fairer for families and employers, and strengthening the economy so there are more jobs and bigger paychecks for American families. As we explore what tax reform means to the American... more
