Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) made the following statement in response to President Obama’s FY2015 Budget.
“Last week, I offered a tax reform plan that would make our broken tax code simpler and fairer for businesses and hardworking taxpayers. Our plan to close loopholes and lower rates for all Americans would add $3.4 trillion to the economy, create nearly 2 million jobs and put $1,300 more per year in the pockets of middle-class Americans. Unfortunately, the President’s budget adds more complexity to the tax code and increases taxes for more Washington spending. That is the wrong direction.
“Equally troubling is the President’s decision to ignore what he once saw as a crisis in our entitlement programs. By leaving out any reforms to protect and preserve Social Security and Medicare, the President has chosen to provide political cover in an election year rather than provide solutions for our nation’s seniors and future generations.”