COMMITTEE on WAYS and MEANS

Chairman Dave Camp

The Tax Tracker

  • What the President’s Tax Rate Increases Mean: Fewer Jobs, Less Retirement Security

    December 10, 2012 - Today, as President Obama heads to Detroit to renew his call for $1.6 trillion in higher taxes, including higher tax rates, Main Street job creators are sharing first hand what the impact of the President’s proposal means to them and the men and women working alongside them – their employees. In so... More

  • The President’s Statements on Tax Reform Do Not Add Up

    December 5, 2012 - Yesterday, President Obama claimed that “the math” behind Republicans’ proposal to obtain $800 billion in revenue through tax reform without raising tax rates does not add up: "Unfortunately, the Speaker's proposal right now is still out of balance. You know, he talks, for example, about $800 billio... More

  • House GOP Plan (Tax Reform + 1 Million New Jobs) vs. President Obama's Plan (Same Tax Code + $1.6 Trillion in Higher Taxes)

    December 5, 2012 - GOP Tax Reform President’s Plan Creates a simpler and fairer tax code Yes No Closes special interest loopholes Yes No Lowers tax rates for families and employers Yes No Encourages job-creating investments Yes No Makes the United States a more attractive place to invest and create jobs by reducing t... More

  • Message from Main Street: Tax Hikes = Fewer Jobs

    December 5, 2012 - Today, President Obama will gather with the titans of Wall Street to promote his $1.6 trillion tax hike plan to avert the fiscal cliff. Main Street business owners across the country are speaking out too, warning that the President’s tax hikes, financed on the backs of Main Street, will turn the fi... More

  • President’s Plan: Unbalanced & Leads to More Unemployed

    November 30, 2012 - While President Obama campaigns in Pennsylvania today and makes another pitch to raise taxes by $1.6 trillion, he has still failed to put forward a “balanced” plan that includes significant spending reductions to deal with the fiscal cliff. The President’s continued focus on increasing tax rates is ... More

  • Balanced Approach?

    November 27, 2012 - In a news story titled “Efforts to Curb Social Spending Face Resistance,” today’s New York Times reports that, “In talks with Congressional leaders, Mr. Obama is seeking $1.6 trillion in additional revenue over 10 years and $340 billion in health care savings.” In noting that the “Administration wa... More

  • Nation’s Leading Small Businesses: Tax Reform, Not Tax Hikes

    November 27, 2012 - Associations representing the nation’s leading small businesses today released a letter urging Congress to reject the President’s call for higher marginal tax rates on main street employers. A total of 42 business organizations employing tens of millions of workers sent the letter to Capitol Hill u... More

  • Increasing Tax Rates: Bad for Small Businesses, Bad for American Workers

    November 15, 2012 - While the President continues to call for a “balanced” approach to resolving the fiscal cliff, he conveniently fails to mention that he will put the burden of his “balanced” approach on the backs of America’s small business owners. According to the non-partisan Joint Committee on Taxation, nearly o... More

  • Joint Committee on Taxation Experiment Proves Tax Reform Can Lower Rates

    October 18, 2012 - There has long been bipartisan support for comprehensive tax reform that lowers rates and broadens the base. A new self-described “experiment” released by the Joint Committee on Taxation (JCT) reinforces the merits of this approach. Unfortunately, some partisans are twisting JCT’s findings and conc... More

  • New Report Confirms Democrats Threaten Middle Class with Massive Year End Tax Hike

    October 2, 2012 - In July, Senator Patty Murray indicated that Democrats would be more than willing to drive the country over the “fiscal cliff” if Republicans refuse to raise taxes on job creators at the end of this year. Yesterday, the Tax Policy Center released a report that found that middle-income households wo... More