COMMITTEE on WAYS and MEANS

Chairman Dave Camp

The Tax Tracker

  • Rhetoric v. Reality: Taxes and Income

    January 25, 2012 - Despite ongoing claims that high-income Americans pay taxes at a lower rate than middle- or low-income Americans, recent statements in the press and actual data from nonpartisan sources show that that is not the case: 51% Pay No Income Taxes: “In summary, for tax year 2009, approximately 22 percent... More

  • Obama State of the Union: New Obama, Same as the Old Obama

    January 24, 2012 - When President Obama delivers his State of the Union address tonight, Americans will likely be asking themselves two questions: "Where are the jobs?" and “Haven’t I heard this before?” Instead of working with Republicans in the House and Senate to get Washington’s runaway spending under control and ... More

  • Job-Killing Tax Increases No Way to Pay for Payroll Tax Cut Extension

    December 7, 2011 - Democrats are proposing to pay for a one-year extension of the payroll tax cut by increasing the top tax rate by 1.9 percent. This means that as soon as 13 months from now the top federal rate could reach nearly 46 percent. No matter how much money someone makes, the government should not be able t... More

  • International Tax Reform, an Important Component of Comprehensive Tax Reform

    November 17, 2011 - This morning, the Ways and Means Subcommittee on Select Revenue Measures is holding a hearing with tax professionals in an ongoing effort to gather comments and analysis of the Committee's territorial tax reform discussion draft. The Ways and Means draft is a part of the Committee’s broader effort o... More

  • Tax Professionals Voice Support for a Territorial Tax System

    November 17, 2011 - This morning, the Ways and Means Subcommittee on Select Revenue Measures held a hearing with tax professionals in an ongoing effort to gather comments and analysis of the Committee's international tax reform discussion draft. The draft is designed to transition the United States from a worldwide to ... More

  • Facts Confirm Corporate Rate Can Be Cut to 25 Percent

    November 4, 2011 - Following months of calling for higher taxes on American employers, which are already subject to some of the highest tax rates in the industrialized world, Democrats on the House Ways and Means Committee this week selectively used elements of a report from the Joint Committee on Taxation (JCT) in an... More

  • Move to 25 Percent Corporate Rate & Territorial System Gaining More Support

    November 3, 2011 - Following the release of an international tax reform discussion draft by Ways and Means Committee Chairman Dave Camp, the effort to make American companies more competitive in the global economy and help create U.S. jobs is picking up steam. The Ways and Means draft would set the corporate rate at 2... More

  • Democrats Conveniently Ignore Facts to Justify Higher Taxes and More Deficit Spending

    October 31, 2011 - In the past few days, Democrats have repeatedly cited a recent report from the Congressional Budget Office (CBO) regarding trends in household income to support their never-ending quest for more deficit spending. The crux of the Democrats’ argument is their belief that the rich are getting richer an... More

  • Territorial Tax System: Increasing U.S. Competitiveness and Economic Growth

    October 28, 2011 - Chairman Dave Camp unveiled an international tax reform discussion draft Wednesday as part of the Committee’s broader effort on comprehensive tax reform that would lower top tax rates for both individuals and employers to 25 percent. The plan would also transition the United States from a worldwide ... More

  • No Matter What Data You Use or How You Slice It, Obama’s “Buffett Rule” Doesn’t Add Up

    September 22, 2011 - Today, the New York Times editorial page repeated the President’s bogus claim that the current U.S. tax system has “millionaires and billionaires pay[ing] lower tax rates than middle-class families.” This blatant falsehood is behind the President’s newly proposed “Buffett Rule.” However, as the tabl... More