WASHINGTON, DC — This morning, the U.S. Census Bureau released its annual report showing the number of Americans living in poverty. The poverty rate in 2014 was 14.8 percent with an estimated 46.7 million people living in poverty. The Census Bureau stated that "neither the poverty rate nor the number of people in poverty were statistically different ...

If the United States government defaults on a debt payment, it would do serious harm to the U.S. economy—and, worst case scenario, could possibly put us back in a recession. That’s why on Thursday, the House Ways and Means Committee is marking up H.R. 692, the Default Prevention Act, a bill that will take away the threat ...

WASHINGTON, DC — House Ways and Means Committee Chairman Paul Ryan (R-WI) released the following statement in response to the August jobs report. "It's good more people are finding work, but this report is not all that encouraging. Millions of people are still out of the workforce, and paychecks are growing too slowly for families to get ahead. There’s ...

Last week, we laid out what it means when we say the committee is exploring "international tax reform." It's an update of the rules under which we tax American companies selling goods and services across international borders. It's one of the most important things we ...

WASHINGTON, DC — House Ways and Means Committee Chairman Paul Ryan (R-WI) released the following statement in response to the July jobs report.  "We can do better than this. The truth is our economy has been underperforming this entire presidency. Despite repeated promises of a strong recovery, investment has been too ...

Tax reform. Two words that get thrown around a lot in Congress. Everyone’s for it, but yet everyone has their own idea of what it looks like. And the term can mean vastly different things in different contexts. So we thought it would be helpful to drill down on exactly what it is this committee is exploring right now—international tax reform—and ...

This just in: "US Paychecks Grow at Record-Slow Pace in 2nd Quarter" It's another unwelcome headline from the Obama recovery. As we noted earlier this summer, despite a modest uptick in hiring, many American workers still aren't seeing their paychecks grow. Now, a

WASHINGTON, DC — Today, House Ways and Means Committee Chairman Paul Ryan (R-WI) released the following statement on the second-quarter GDP report. "This latest report only confirms what we already knew: Our economy could be doing a lot better. That's why the Ways and Means Committee is working hard to fix our tax code and bring ...

WASHINGTON, D.C. — House Ways and Means Committee Chairman Paul Ryan (R-WI) released the following statement in response to the June jobs report.   I’m glad to hear more Americans found jobs last month. But there’s still a lot we ...

WASHINGTON — In advance of the 2015 Organisation for Economic Cooperation and Development (OECD) conference on Base Erosion and Profit Shifting (BEPS) taking place this week in the nation’s capital, Senate Finance Committee Chairman Orrin Hatch (R-UT) and House Ways & Means Committee Chairman Paul Ryan (R-WI) called on Treasury Secretary Jack Lew to work with ...