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Immediate Tax Relief and Assistance for Working Families: • Rate Reductions and AMT Relief: Lowers, for 2009 and 2010, the…
Read More (Summary of Camp-Cantor Substitute to H.R. 1)Washington DC – Ways and Means Ranking Member Dave Camp (R-MI) issued the following statement today after the nonpartisan Congressional…
Read More (Ranking Member Camp on True Cost of Stimulus Bill)CBO, JOINT TAX CONFIRM: TAX CUTS BEAT GOVERNMENT SPENDING 2:1 BACKGROUND:On January 26, 2009, the nonpartisan Congressional Budget Office released…
Read More (CBO, JOINT TAX CONFIRM: TAX CUTS BEAT GOVERNMENT SPENDING 2:1)Outside of the White House today, Speak Pelosi claimed that Republican voices have been heard in the discussion of the…
Read More (The Democrats’ Definition of Bipartisanship?)OPENING STATEMENT OF RANKING MEMBER DAVE CAMPMARKUP OF H.R. 598 – ECONOMIC STIMULUS BILLJANUARY 22, 2009(REMARKS AS PREPARED) Mr. Chairman,…
Read More (Camp Opening Statement: Markup of H.R. 598 – Economic Stimulus Bill)Washington D.C. – Ways & Means Ranking Member Dave Camp (R-MI)and Trade Subcommittee Ranking Member Kevin Brady (R-TX) issued thefollowing…
Read More (Camp & Brady Applaud Entry into Force of U.S. – Peru Trade Promotion Agreement)Washington D.C. – Health Subcommittee Ranking Member Wally Herger(R-CA) issued the following statement today after Democrats’ released asummary of health…
Read More (Herger Responds to Health Provisions in Stimulus Package)The head of the Senate Budget Committee said he doubts President-elect Barack Obama’s $825 billion economic stimulus package will…
Read More (Bloomberg: Senator Conrad Doubts Stimulus Plan Will Create 3 Million Jobs)A 2006 Joint Economic Committee (JEC) study found that death tax “liabilities depend on the skill of the estate planner, rather than on capacity to pay.” So much for tax fairness. By contrast, “family-run firms and farms particularly feel the pinch of the estate tax, because they are less likely to have the liquid resources needed to meet their estate tax liabilities.” The latest JEC estimate is that the death tax has reduced the stock of capital in the economy by about $847 billion.
Read More (WSJ: Estates of Pain)