Political Capital

Posts tagged: Ways and Means


The Internal Revenue Service headquarters stands in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

The Internal Revenue Service headquarters stands in Washington, D.C.

Bloomberg by the Numbers: $13.1 Billion

That’s how much the Internal Revenue Service collected in estate taxes in fiscal year 2013. The Republican-led House may vote to repeal the tax before the Nov. 4 election. The House is set to begin a month-long recess after legislative activity today....

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An associate with Intel Labs greets visitors at the technology showcase in San Francisco.

Photograph by Ryan Anson/Bloomberg

An associate with Intel Labs greets visitors at the technology showcase in San Francisco.

Bloomberg by the Numbers: 1981

The federal research and development tax credit was enacted in 1981. The credit has been frequently extended or modified since then, frustrating business leaders who say the lack of permanence creates uncertainty and complicates investment decisions. The credit lowers the...

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Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, during a news conference on a proposed restructuring the U.S. tax code in Washington, D.C., on Feb. 26, 2014.

Photograph by Andrew Harrer/Bloomberg

Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, during a news conference on a proposed restructuring the U.S. tax code in Washington, D.C., on Feb. 26, 2014.

Bloomberg by the Numbers: 25%

Corporations would see their top tax rate reduced to 25 percent from 35 percent under a tax-code overhaul by the top Republican tax-writer. “The 979-page plan from Representative Dave Camp would mark the most significant changes to the U.S. tax...

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Job seekers wait in line to enter a job fair hosted by JobExpo.com in Dallas on Jan. 29, 2014.

Photograph by Ben Torres/Bloomberg

Job seekers wait in line to enter a job fair hosted by JobExpo.com in Dallas on Jan. 29, 2014.

Obamacare’s Workforce Toll Read Two Ways in CBO Report

The headline on the CBO report today is of a declining federal deficit. The subhead that Republicans are retweeting is about a declining labor market — the toll that the Affordable Care Act, aka Obamacare, will take on the American...

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Representative Dave Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, left, during a hearing with Representative Sander Levin, a Democrat from Michigan, in Washington, D.C., on Oct. 29, 2013.

Photograph by Andrew Harrer/Bloomberg

Representative Dave Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, left, during a hearing with Representative Sander Levin, a Democrat from Michigan, in Washington, D.C., on Oct. 29, 2013.

Camp: Pause IRS Regs on NonProfits

The Republican chairman of the House Ways and Means Committee wants to press the pause button on Internal Revenue Service regulations that will shape how nonprofit groups can engage in politics. Rep. Dave Camp of Michigan proposed a bill that...

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Representative Dave Camp, chairman of the House Ways and Means Committee, left, questions J. Russell George, U.S. Treasury inspector general for tax administration during a committee hearing in Washington, D.C., on May 17, 2013.

Photograph by Andrew Harrer/Bloomberg

Representative Dave Camp, chairman of the House Ways and Means Committee, left, questions J. Russell George, U.S. Treasury inspector general for tax administration during a committee hearing in Washington, D.C., on May 17, 2013.

Camp Plans Life After Ways and Means — in the House

Rep. Dave Camp, who has one more year remaining as chairman of the House Ways and Means Committee, says he plans to run for another term this year. The Michigan Republican told reporters in the Capitol today that he wasn’t...

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Washington State Insurance Commissioner Mike Kreidler is interviewed in his office in this 2008 file photo.

Photograph byTed S. Warren/AP Photo

Washington State Insurance Commissioner Mike Kreidler is interviewed in his office in this 2008 file photo.

Insurance Commissioner: Patience

Washington Insurance Commissioner Mike Kreidler, who rebuffed the Obama administration and isn’t letting his state’s residents keep canceled health-care policies, is urging patience with the Obamacare enrollment process. “This is in the early stages of enrollment,” he told the House...

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Senator Max Baucus, a Democrat from Montana and chairman of the Senate Finance Committee, speaks before a Bloomberg Television interview in Washington, D.C., on May 16, 2013

Photograph by Julia Schmalz/Bloomberg

Senator Max Baucus, a Democrat from Montana and chairman of the Senate Finance Committee, speaks before a Bloomberg Television interview in Washington, D.C., on May 16, 2013

Top Tax-Writers Predict Passage of Code Rewrite

A tax code rewrite has more than a 50 percent chance of passing, Senate Finance Chairman Max Baucus and House Ways and Means Chairman Dave Camp both said today. “Above 50 percent,” Baucus, a Montana Democrat, said at an Economic Club luncheon...

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Rep. Mike Kelly (R-PA) speaks during a hearing before the House Ways and Means Committee on May 17, 2013 on Capitol Hill in Washington, DC.

Photograph by Alex Wong/Getty Images

Rep. Mike Kelly (R-PA) speaks during a hearing before the House Ways and Means Committee on May 17, 2013 on Capitol Hill in Washington, DC.

Mike Kelly’s IRS Spotlight for John Q. Public: Standing Ovation

Rep. Mike Kelly came to politics late and, only in his second term at 65 years of age, the actuarial tables don’t favor him rising to become a Capitol Hill kingpin. He could retire tomorrow, though, and know that he made the most...

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