House Ways and Means Committee Chairman Dave Camp (R-MI) today announced that the Committee on Ways and Means will hold a hearing on President Obama's budget proposals for fiscal year 2012. The hearing will take place on Tuesday, February 15, 2011, in 1100 Longworth House Office Building, beginning at 1:00 P.M.
In announcing this hearing, Chairman Camp said, “With the unemployment rate stuck at or above 9 percent for the last 21 months and anemic economic growth, tax policies ought to help, rather than hinder, our country’s economic recovery. The President has called for corporate tax reform to make our employers more competitive. However, 75 percent of America’s job creators are structured as pass through entities, and that means we need to craft policies that address the needs of all job creators – large and small. This hearing will provide the Committee an opportunity to review the President’s proposals and explore ways in which we can work on a bipartisan basis to reduce complexity and develop the pro-growth tax policies our families and job creators need.”
BACKGROUND:
On February 14, 2011, the President is expected to submit his fiscal year 2012 budget proposal to Congress. The proposed budget will detail his tax proposals for the coming year as well as provide an overview of the budget for the Treasury Department and other activities of the Federal government. The Treasury plays a key role in many areas of the Committee’s jurisdiction.
Click here for the full hearing advisory.
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