Crapo Statement at Hearing to Consider Treasury Inspector General for Tax Administration
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) delivered the following remarks at a nomination hearing to consider David Johnson to be U.S. Department of the Treasury Inspector General for Tax Administration (TIGTA). As prepared for delivery: “Thank you, Mr. Chairman, and welcome to our nominee, Mr. Johnson. Congratulations on your nomination and […]
Crapo, Smith Statement on Biden Administration’s Taiwan Double-Tax Relief Announcement
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and U.S. House Ways and Means Committee Chair Jason Smith (R-Missouri) issued the following statement on the Biden Administration’s Taiwan double-tax relief announcement: “Last year, our committees worked closely together and consulted with the Administration to carefully craft a legislative package providing both expedited double-tax […]
CBO Confirms: Biden-Harris Election Year Medicare Cost-Shifting Policy Will Cost Taxpayers Billions in 2025
Washington, D.C.–The nonpartisan Congressional Budget Office (CBO) released its analysis of a newly announced Biden-Harris program intended to paper over the flaws of the so-called Inflation Reduction Act (IRA). Based on CBO estimates, this election-year stunt to artificially lower the cost of seniors’ Part D premiums will cost taxpayers at least $7 billion in 2025, […]
Crapo Statement at Hearing on Women’s Health
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo delivered the following remarks at a hearing entitled “Chaos and Control: How Trump Criminalized Women’s Health Care.” As prepared for delivery: “Thank you, Mr. Chairman. “Before I begin my opening statement, let me address the fact that the Senate Finance Committee has never had a non-sitting […]
Crapo: Idahoans Deserve More Affordable, Accessible Health Care, Not Wasteful Taxpayer-Funded Mandates
Washington, D.C.–During a U.S. Senate Finance Committee hearing on the health care provisions included in the partisan Inflation Reduction Act (IRA), Ranking Member Mike Crapo (R-Idaho) highlighted the bill’s devastating effect on Americans’ access to reliable, affordable health care, noting stifled pharmaceutical innovation and higher premiums caused by “heavy-handed government intervention” and “top-down, problematic overhauls.” […]
Crapo Statement at Hearing on the Inflation Reduction Act’s Health Care Provisions
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) delivered the following remarks at a hearing entitled, “Lower Health Care Costs for Americans: Understanding the Benefits of the Inflation Reduction Act.” As prepared for delivery: “Thank you, Mr. Chairman. “Before I begin my remarks, I would like to take a moment to welcome Theo […]
Crapo: Congress Must Extend 2017 Tax Law
Washington, D.C.–With the expiration of the Republican-enacted 2017 Tax Cuts and Jobs Act (TCJA) approaching at the end of 2025, the U.S. Senate Finance Committee held a hearing on the upcoming tax policy debate, which Ranking Member Crapo (R-Idaho) called “one of the most critical issues that will face our nation next year.” Crapo used […]
Crapo Statement at Hearing on the 2025 Tax Policy Debate
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) delivered the following remarks at a hearing entitled, “The 2025 Tax Policy Debate and Tax Avoidance Strategies.” As prepared for delivery: “Thank you, Mr. Chairman. This hearing is a timely hearing on one of the more critical issues that will face our nation next year […]
Bicameral Leaders Request Budgetary Analysis of New Biden-Harris Medicare Cost-Shifting Policy
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho), U.S. Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa), U.S. House Budget Committee Chair Jodey Arrington (R-Texas), U.S. House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-Washington) and U.S. House Ways and Means Committee Chair Jason Smith (R-Missouri) sent a letter to Congressional Budget […]
Crapo, Wyden Seek Details on AI Safeguards in Social Security
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chair Ron Wyden (D-Oregon) sent a letter to Social Security Administration (SSA) Commissioner Martin O’Malley, requesting information about the Administration’s use of artificial intelligence (AI), especially in decisions about benefit eligibility or payment amounts. The letter builds on Crapo and Wyden’s ongoing oversight of […]