While the Medicare and Social Security Trustees Report contained much bad news, there was a silver lining: competition has created additional cost savings for both seniors and taxpayers within the Medicare prescription drug program (Part D). Original estimates from the Medicare actuaries projected that from 2004 to 2013 the Part D ...
The Obama administration announced a plan last week which would alter the tax code by eliminating the tax deferral for American companies conducting business overseas. The Tax Foundation released the video below which illustrates the detrimental impact this change would have on these employers and their workers:
Washington D.C. - Ways & Means Ranking Member Dave Camp (R-MI) released the following statement today after the release of the annual Trustees Report: "The Trustees Report confirms what we already know: Medicare and Social Security are fast running out of critical funds and without action they are speeding toward bankruptcy. So, today, I and many of ...
Fact: The latest documents on the President’s Budget, released yesterday, assume an average unemployment rate of 8.1% in ...
Washington D.C. - Ways and Means Ranking Member Dave Camp (R-MI) today announced the promotion of Dave Olander to Chief Tax Counsel and the addition of George Callas and Jill Schmalz to the Republican tax and health staff respectively.“Serving as Chief Tax Counsel is a tough and demanding job, but Dave’s policy expertise and Capitol Hill experience made him the easy and right choice for ...
The U.S. tax code is "full of corporate loopholes that makes it perfectly legal for companies to avoid paying their fair share." -- President Obama, May 4
WASHINGTON, DC – The U.S. Department of Labor released its monthly employment report showing that the nation’s unemployment rate jumped to 8.9 percent in April, which economists expect will rise to 10 percent next year and remain high through 2011. In reaction to the data, Ways and Means Ranking Member Dave Camp (R-MI) issued the following ...
Washington D.C. – In a recent letter to U.S. Labor Secretary Hilda Solis, Ways & Means Republican Members expressed their opposition to the Department’s plans to mandate that state Employment Service (ES) employees administer the expanded Trade Adjustment Assistance (TAA) for workers program. Earlier this year, lawmakers in ...
(REMARKS AS PREPARED)Thank you for yielding, Mr. Chairman.I’m glad the Committee is getting to work early on Airport and Airway Trust Fund financing. We all can agree that funding improvements to the nation’s airports and air infrastructure is vitally important to creating and sustaining economic growth and promoting commerce. This is an issue ...