Working Families Tax Cuts Encourage Broad-based Charitable Giving
Washington, D.C.—In addition to delivering tax relief and fueling economic growth for families and businesses, the Working Families Tax Cuts include policy victories for charitable giving and educational opportunity. By making key charitable giving provisions permanent, the legislation provides greater certainty for individual donors while helping more Americans to support philanthropic organizations, religious institutions and […]
Working Families Tax Cuts Protect the Social Safety Net for Years to Come
Washington, D.C.—This week marks 61 years since Medicare and Medicaid were created to ensure those who cannot provide for themselves—children, people with disabilities and low-income seniors—would have access to health care. Since then, Americans have come to rely on both programs as a central component of the social safety net. Through the Working Families Tax […]
Crapo, Wyden Applaud Committee Passage of Taxpayer Assistance and Service Act
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Ron Wyden (D-Oregon) today lauded committee passage of the Taxpayer Assistance and Service (TAS) Act, which was reported out of committee 26-1. The TAS Act includes more than 60 bipartisan reforms to improve the taxpayer experience, including recommendations from the National Taxpayer Advocate […]
Crapo Statement at Markup of Taxpayer Assistance and Service Act
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) delivered the following remarks at a markup for the Taxpayer Assistance and Service (TAS) Act. As prepared for delivery: “Every year, tens of millions of Americans do their best to comply with our tax laws. “They prepare their returns, wait for refunds and attempt to respond […]
Crapo Announces Hearing on Process Approaches for Addressing Social Security Solvency
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) announced the Committee will convene for a hearing entitled, “Exploring Process Approaches for Addressing Social Security Solvency” on Wednesday, August 5, at 10:00 AM. Title: Exploring Process Approaches for Addressing Social Security Solvency Witnesses: Marc Goldwein, Senior Vice President and Senior Policy Director, Committee for a […]
Finance Committee Releases Chairman’s Mark of the Taxpayer Assistance and Service Act Ahead of Markup
Washington, D.C.—Senate Finance Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Ron Wyden (D-Oregon) today released the Chairman’s Mark of the Taxpayer Assistance and Service Act, a bipartisan bill which would modernize and streamline IRS operations, strengthen taxpayer rights and deliver a more taxpayer-first system. The Committee will hold a markup on Thursday, July 30, […]
Finance Committee Advances Treasury Nominations
Washington, D.C.—The U.S. Senate Finance Committee advanced the nominations of Francis Brooke to be Deputy Secretary of the Treasury by a vote of 14-13, Erin Browne to be an Under Secretary of the Treasury by a vote of 14-13, Sriprakash Kothari to be an Assistant Secretary of the Treasury by a vote of 14-13, and […]
Crapo Statement at Hearing on President’s Trade Policy Agenda
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) delivered the following remarks at hearing on the President’s 2026 trade policy agenda. As prepared for delivery: “Welcome, Ambassador Greer. “Thank you for appearing before the Finance Committee to discuss the President’s 2026 Annual Trade Agenda. “We appreciate you and your team working with us to […]
Working Families Tax Cuts Power Domestic Manufacturing
Washington, D.C.—The Working Families Tax Cuts are bringing jobs, investment and manufacturing back to America. The law makes permanent many provisions that drove a historically strong economy during the first Trump Administration, like immediate expensing for capital expenditures on business machinery and equipment. It also permanently extends the 20 percent small business deduction, increasing confidence […]
Crapo Announces Executive Session to Consider Treasury Nominations
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) announced the Committee will mark up the nominations of Francis Brooke to be Deputy Secretary of the Treasury, Erin Browne to be an Under Secretary of the Treasury and Sriprakash Kothari and George McMaster to be Assistant Secretaries of the Treasury during an executive session on […]