HOUSE WAYS AND MEANS CHAIRMAN DAVE CAMP ON JOBS

FROM:  HOUSE WAYS AND MEANS CHAIRMAN CONGRESSMAN DAVE CAMP’S WEBSITE
On Friday, the Labor Department announced only 120,000 jobs were added in March, after an increase of 227,000 in February, and worse, there were still a large number of discouraged workers who left the labor force. Friday's numbers confirmed March recorded the fewest jobs added in five months. Congressman Camp knows this level of growth is not enough to restore economic security or make a difference for the millions of Americans who are unemployed. He is committed to working on pro-growth policies to bring certainty and opportunity to the economy. As the nation witnessed last week, it is possible for Republicans and Democrats to set aside differences with the signing of the JOBS Act to produce results for economic growth and job creation.

As Congressman said, “The JOBS Act eases the financial burdens small businesses face so that they can invest, grow and get Americans back to work. Having passed with strong bipartisan votes in the House of Representatives and Senate, with the support of the president, the bipartisan JOBS Act shows the American people that Congress can govern and Washington can work to provide the economic solutions Americans are demanding."

HOUSE WAYS AND MEANS COMMITTEE CHAIRMAN DAVE CAMP MEETS WITH CHINESE VICE PRESIDENT

The following excerpt is from Congressman Dave Camp’s newsletter:

“Washington, D.C. -- , Feb 16 - Congressman Dave Camp (R-Midland, MI), chairman of the Committee on Ways and Means, met Chinese Vice President Xi Jinping earlier this week. Xi is presumed to be the next President of China after China’s leadership transition in the fall. Camp released the following statement after the meeting:

"Chinese Vice President Xi Jinping's visit provided an important opportunity for him to hear directly many of our concerns about the significant barriers faced by U.S. exporters. I welcome the meaningful commitments by China that were announced this week. These developments are encouraging steps in the right direction, and I will work closely with the Administration to ensure that China fully implements these commitments. China is an important market for U.S. companies, farmers, and ranchers and we must continue to be diligent in ensuring that China is in full compliance with its international obligations."

Camp continues to lead the charge to ensure that China plays by the rules. In this Congress,  Camp:
Led a bipartisan letter with Senate Finance Chairman Max Baucus urging the Administration to more aggressively use multilateral forums, such as the World Trade Organization, to address China’s unfair currency practices.
Organized a meeting between the Ways & Means Committee and the lead Chinese Economic Official, Wang Qishan, to advocate directly with the Chinese about U.S. concerns, including China’s failure to protect American IPR, its unfair subsidies, and other discriminatory Chinese practices.
Worked constructively with House and Senate colleagues to develop targeted legislation that ensures our countervailing duty laws can be used to protect U.S. employers and workers from unfairly subsidized imports from countries like China.
Defined Congressional priorities on China’s economic policy by holding hearings with senior administration officials, organizing bipartisan letters defining Congressional priorities, and pushing the Administration to define clearer metrics so that we know when China is making progress and when it is not.”

CHAIRMAN OF HOUSE WAYS AND MEANS COMMITTEE MAKES STATEMENT

Congressman Dave Camp is the Congressional Chairman of the Committee of Ways and Means.  The following excerpt is from Congressman Camp’s website:

“Camp Opening Statement: Meeting of the H.R. 3630 Conference CommitteeTuesday, January 24, 2012

This may be our first public meeting, but the work of this conference committee has been ongoing since the end of last year.  I know members have spoken often and studied the issues.

I would also note and thank the staff for their due diligence leading up to this public meeting.  As a result of their efforts, every member has before them a side-by-side comparison of the House bill and the Senate bill.  From those two documents, one prepared by the Joint Tax Committee and one prepared by the Congressional Research Service, we can clearly see the positions of each Chamber and the differences we must work together to resolve.  

As I review these tables, the biggest issue I see is that the House, and only the House, has put forward a plan to extend for one year the payroll tax holiday, unemployment insurance benefits and payments to doctors treating our nation’s seniors and those enrolled in Medicare.  

The Senate’s position gets us through February.  This has left every working American wondering not only what their taxes will be next year – after the current marginal income tax rates expire – but also what their payroll taxes will be in less than 40 days.  

Doctors treating Medicare patients are wondering what their reimbursements will be.  Even more importantly, the seniors who rely on these doctors for critical medical care are left wondering who, if anyone, will treat them in March.  

And, the unemployed are wondering if there will be benefits for them, while hardworking taxpayers are wondering if Washington will ever get serious about helping people get the training and education they need to get back to work instead of just handing out more unemployment checks.  

In the last few years, extensions of the unemployment program have already added nearly $200 billion to our debt.  Continuing unemployment benefits through the end of January 2013, as the House bill did, costs about another $30 billion.  

All told, the policies before us will cost roughly $160 billion.  

And, that is the second biggest issue we have before us – paying for these programs. I would be remiss if I did not point out that unless we find a way to pay for these programs, we will be forced to borrow even more money from places like China – creating an even larger debt dragging our economy down.  

Non-partisan experts have testified that because our debt is already so large, it is weakening our economy and hurting job creation.  The result is roughly 1 million fewer jobs for American families.  

The third and final issue I want to point out today relates back to the first.  The House legislation includes a number of critical reforms, job-creating provisions and bipartisan measures to offset all of the spending.   The Senate bill contains none of the reforms and only one additional job provision – Keystone, which the President has already rejected.
The House bill reformed the unemployment program to focus it more on getting people the training and education they need to get back to work, not just handing out checks.
The House bill included a pay freeze for Members of Congress and civilian federal workers.
The House bill put an end to welfare benefits being accessed at ATMs located in casinos, liquor stores and strip clubs.  The Senate bill did not.
The House bill protected Social Security by reducing overpayments.
The House bill included a provision that saves taxpayers $9 billion by cracking down on fraud and abuse that is known to exist in a refundable tax credit program.
The House bill provided for economic growth and job creation in the high-tech industry through spectrum auctions.
The House bill cut taxes to promote business investment and hiring.
So, these are the three big issues I see before this conference committee:
The Senate bill extended programs for only 2 months, when the American people need, expect and deserve at least one-year;
The Senate bill, unlike the House bill, provides no indication of how the Senators would pay for a longer-term extension; and
The Senate bill contains straight extensions of these programs without any needed reforms and has no additional measures to help get Americans back to work.
The differences in the positions between the House and the Senate are further complicated by the fact that the Senate version is now currently law as a result of the passage of H.R. 3765.  Thus, under House procedures the scope of conference is effectively the House bill.

As you can see, we have our work cut out for us.  I am confident that if every member of this conference committee is committed to finding a solution, we can and will do it.”