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Chairman Camp Announces Hearing on the Need for Comprehensive Tax Reform to Help American Companies Compete in the Global Market and Create Jobs for American Workers
Thursday, May 05, 2011
Congressman Dave Camp (R-MI), Chairman of the Committee on Ways and Means, today announced that the Committee will hold a hearing on the burdens that the tax code imposes on American companies and how such burdens place them at a competitive disadvantage as they try to sell goods and services around the world. The hearing will explore the potential economic and job creation benefits of comprehensive tax reform. The hearing will take place on Thursday, May 12, 2011, in Room 1100 of the Longworth House Office Building, beginning at 9:00 A.M.
In view of the limited time available to hear witnesses, oral testimony at this hearing will be from invited witnesses only. However, any individual or organization not scheduled for an oral appearance may submit a written statement for consideration by the Committee and for inclusion in the printed record of the hearing. A list of invited witnesses will follow.
In announcing this hearing, Chairman Camp said, “It’s been 25 years since we reformed the tax code, and almost 50 years since we undertook a bottom-up review of our international tax laws. During that time, our foreign competitors have lowered their corporate tax rates and updated their international tax regimes to reflect the realties of the global economy. As we pursue tax reform, we need to consider how to make American companies more competitive and how to make the United States a more attractive place to invest and create jobs.”
FOCUS OF THE HEARING:
DETAILS FOR SUBMISSION OF WRITTEN COMMENTS:
1. All submissions and supplementary materials must be provided in Word format and MUST NOT exceed a total of 10 pages, including attachments. Witnesses and submitters are advised that the Committee relies on electronic submissions for printing the official hearing record.
2. Copies of whole documents submitted as exhibit material will not be accepted for printing. Instead, exhibit material should be referenced and quoted or paraphrased. All exhibit material not meeting these specifications will be maintained in the Committee files for review and use by the Committee.
3. All submissions must include a list of all clients, persons and/or organizations on whose behalf the witness appears. A supplemental sheet must accompany each submission listing the name, company, address, telephone, and fax numbers of each witness.
The Committee seeks to make its facilities accessible to persons with disabilities. If you are in need of special accommodations, please call 202-225-1721 or 202-226-3411 TTD/TTY in advance of the event (four business days notice is requested). Questions with regard to special accommodation needs in general (including availability of Committee materials in alternative formats) may be directed to the Committee as noted above.
Note: All Committee advisories and news releases are available on the World Wide Web at http://www.waysandmeans.house.gov/.