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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)Democrats have decided to pay for their proposal for a massive SCHIP expansion, which dilutes the focus on poor children,…
Read More (Democrats Blowing Smoke on SCHIP Funding)Ways & Means Ranking Member Dave Camp (R-MI) issued the following statement today after the subcommittee assignments were announced for…
Read More (Camp Congratulates New Additions to Ways & Means Subcommittees for 111th Congress)Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI)issued the following statement today congratulating the new Republicanmembers of…
Read More (Camp Congratulates New Republicans on Ways & Means Committee)Washington D.C. – Ways & Means Ranking Member Dave Camp (R-MI)issued the following statement today in response to a proposed…
Read More (Surprise: Democrats Make it Easier to Increase, Harder to Cut Taxes)-Today, House Democrats will attempt to block a requirement that would force the House to debate proposals that would protect…
Read More (Democrats’ Rules Package Threatens Medicare Solvency)The current debate has been marked by calls to “improve” the distribution of incomes in the U.S. by “spreading the…
Read More (Spreading the Wealth)HEARING ON PROTECTING SOCIAL SECURITY BENEFICIARIES FROM PREDATORY LENDING AND OTHER HARMFUL FINANCIAL INSTITUTION PRACTICES HEARING BEFORE THE SUBCOMMITTEE ON…
Read More (HEARING ON PROTECTING SOCIAL SECURITY BENEFICIARIES FROM PREDATORY LENDING AND OTHER HARMFUL FINANCIAL INSTITUTION PRACTICES)(REMARKS AS PREPARED) I thank the Ranking Member for yielding time. I am pleased that this Committee has chosen to…
Read More (English Opening Statement: Markup of FAA Extension Act & Airport & Airway Trust Fund Financing Act)HEARING ON MEDICARE PROGRAMS FOR LOW-INCOME BENEFICIARIES HEARING BEFORE THE SUBCOMMITTEE ON HEALTH OF THE COMMITTEE…
Read More (HEARING ON MEDICARE PROGRAMS FOR LOW-INCOME BENEFICIARIES)