COMMITTEE on WAYS and MEANS

Opening Statements

Boustany Opening Statement: Hearing on Tax-Exempt Organizations

May 16, 2012-- This hearing will be the first in a series of hearings exploring tax-exempt issues and related IRS compliance efforts. Tax-exempt organizations, especially charitable organizations, serve an important role in our society. From the local little league to non-profit hospitals to major universities, tax-exempt organizations are intertwined with our communities and economy. Tax-exempt organizations al... more

Press Release

Camp, Brady Statements on U.S.-Colombia Trade Promotion Agreement Entry Into Force

May 15, 2012-- Washington, DC - Ways and Means Chairman Dave Camp (R-MI) and Trade Subcommittee Chairman Kevin Brady (R-TX) issued the following statements in reaction to the U.S.-Colombia Trade Promotion Agreement entering into force today. Chairman Camp stated: “Today’s entry into force is cause for celebration. I appreciate and applaud the significant effort by the administrations of both Presidents Obama and... more

Press Release

Boustany Requests Information on Harmful IRS Bank Regulation

May 11, 2012-- Washington, DC – The Treasury Department’s failure to provide sufficient answers about an Internal Revenue Service (IRS) regulation requiring banks to disclose interest paid to nonresident aliens has prompted Ways and Means Oversight Subcommittee Chairman Charles Boustany, Jr., MD (R-LA) to request additional information from Treasury Secretary Timothy Geithner. “This regulation could drive foreig... more

The Jobs Search

Another Unhappy Mother’s Day for Too Many Female Workers

May 11, 2012-- 324,000 women dropped out of the nation’s civilian labor force in March and April 895,000 married women have dropped out of the labor force since January 2009 The number of women not in the labor force hit an all-time high of 53,321,000 in April While Mother’s Day is a day that many honor all the women in their lives, it appears this will be an unhappy Mother’s Day for millions of American women s... more

The Prescription Pad

ObamaCare's Impact on the Economy: Layoffs, U.S. Jobs Shipped Overseas, Plans to Create New U.S. Jobs Canceled

May 10, 2012-- In today’s Washington Post, George Will highlights the ways in which the Democrats’ health care law is already contributing to job loss and inhibiting economic growth here at home - leaving job creators and employees alike worried about whether the trend will continue as more and more provisions of the law take effect. Mr. Will’s piece focuses on the new medical device tax in the law, which taxes ... more

The Trade Report

The Value of the MTB

May 10, 2012-- American Apparel & Footwear Association Two years ago we had the privilege to sit in the White House while President Obama signed into law the United States Manufacturing Enhancement Act of 2010. That important legislation temporarily eliminated or reduced import tariffs on a range of products that are no longer made in the United States. That legislation carried on a long tradition in which Congr... more

Opening Statements

Herger Opening Statement: Hearing on Medicare Durable Medical Equipment Competitive Bidding Program

May 9, 2012-- We are here today to assess the impact of the Medicare Durable Medical Equipment competitive bidding program. Our intent is to understand the program’s impact on beneficiaries, suppliers, and Medicare expenditures, and the implications for program expansion. Congress mandated the use of competitive bidding to establish payment rates for high cost and high volume DME in the Medicare Modernization A... more