| House Ways And Means Committee |
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The U.S. Constitution requires that all bills regarding taxation must originate in the House of Representatives, and House procedure is that all bills regarding taxation must go through this committee. These stipulations make this House committee particularly powerful, especially in comparison with its Senate counterpart, the U.S. Senate Committee On Finance . The Ways and Means Committee in the 110th Congress is chaired by Representative Charles Rangel of New York . HISTORY The idea of a " Committee Of Ways And Means " to handle the financial matters of a legislature is older than the Federal Congress, having been used in the English Parliament and the colonial and State legislatures in America. The Committee was first established during the first Congress, in 1789. However, this initial version was disbanded after only 8 weeks; for the next several years, only ad hoc committees were formed, to write up laws on notions already debated in the whole House. It was first established as a standing committee by resolution adopted in 1865. The Chairman of Ways and Means is considered one of the most powerful members of Congress. Three future presidents - James Polk , Millard Fillmore , and William McKinley - served as Committee Chairman. Before the official roles of Floor Leader came about in the late 19th century, the Chairman of Ways and Means was considered the Majority Leader. The Chairman is one of only seven representatives to have office space within the Capitol building itself (the others being Speaker , Majority Leader , Minority Leader , Majority Whip , Minority Whip , and Appropriations Chairman ). ROLE In recent times, Ways and Means has been one of the most important committees in a policy sense, due to its wide jurisdiction. While it lacks the prospects for reelection help that comes with the Appropriations Committee, it is seen as a valuable post for two reasons. First, since its range is so broad, members with a wide array of policy concerns often seek positions, simply to be able to influence policy decisions. Major issues that have gone through this committee read like a laundry list of important bills, including Welfare Reform , a Medicare Prescription Drug benefit, Social Security Reform , President George W. Bush 's tax cuts, and all trade agreements, including NAFTA and CAFTA . Second, given the wide array of interests that are affected by the committee, a seat makes it very easy to collect Campaign Contributions . CURRENT MEMBERS, 110TH CONGRESS SUBCOMMITTEES There are six subcommittees:
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