UPDATES

WSJ: Estates of Pain

January 13, 2009 — In Case You Missed It...

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 ...

Camp Congratulates New Additions to Ways & Means Subcommittees for 111th Congress

January 09, 2009 — Press Releases

Ways & Means Ranking Member Dave Camp (R-MI) issued the following statement today after the subcommittee assignments were announced for the 111th Congress:"I congratulate the new additions to each of the subcommittees, " said Camp.  "The 111th Congress will take on a long to-do list of issues facing our country and the Ways and Means Subcommittees will play a central role in ...

Camp Congratulates New Republicans on Ways & Means Committee

January 07, 2009 — Press Releases

Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI)issued the following statement today congratulating the new Republicanmembers of the Ways and Means Committee:  “Our new members bring a wealth of experience, knowledge andenthusiasm to the Committee,” said Camp.  These characteristics willserve the Committee well as we work towards solutions to the challengesthat ...

Democrats’ Rules Package Threatens Medicare Solvency

January 06, 2009 — Talking Points

-Today, House Democrats will attempt to block a requirement that would force the House to debate proposals that would protect the solvency of the Medicare program, ensuring that it continues to provide life-saving health care to seniors for years to come.  -The Democratic Rules Package would irresponsibly ignore the financial crisis facing the Medicare program.  If this rule ...

Surprise: Democrats Make it Easier to Increase, Harder to Cut Taxes

January 06, 2009 — Talking Points

Washington D.C. – Ways & Means Ranking Member Dave Camp (R-MI)issued the following statement today in response to a proposed Democratplan to amend the rule on the motion to recommit:“Today’s rule change makes it easier to raise taxes and makes itharder to cut them.  With this ploy it is clear that Speaker Pelosi andHouse Democrats have no intention of seriously debating how ...

Spreading the Wealth

November 03, 2008 — Facts Are Stubborn Things

The current debate has been marked by calls to “improve” the distribution of incomes in the U.S. by “spreading the wealth.”  Policies proposed to do so include: (1) raising taxes on “the rich,” and (2) increasing benefits (including “tax relief for non-taxpayers”) for lower-income households.  Often lost is a detailed understanding of who is at ...