January 13, 2010
Rep. Dave Camp: Tax Increases in 2009, Tax Outlook for 2010
A recent report from House Ways & Means Committee Republicans found that the major tax provisions passed by the Democrat-controlled House in 2009 amount to a net tax increase of more than $1 trillion over the next decade. In this week's podcast, Congressman Dave Camp (R-MI), Ranking Member on the House Ways & Means Committee, discusses some of those tax increases. He also explains why, based on the way the Joint Committee on Taxation and the Congressional Budget Office score bills, the $1.171 trillion figure may in fact be an underestimate.
"The current-law baseline essentially gives the majority credit for simple extensions of these expiring provisions by counting them as tax reductions, when in fact they only prevent a tax increase from taking effect," Camp says. "It still is a massive tax increase on the American people to say that in the midst of a recession, more than $1 trillion in taxes was raised."
Camp also addresses pending tax proposals to fund health care reform and priorities for 2010.
To listen to the podcast: Play the audio above or right-click on the audio file below, and select "Save Target As."
