Crapo: HHS Budget Fails to Deliver on Key Promises for Americans
Washington, D.C.–At a U.S. Senate Finance Committee hearing on the President’s fiscal year 2025 Health and Human Services (HHS) budget with HHS Secretary Xavier Becerra, Ranking Member Mike Crapo (R-Idaho) expressed concern that the President’s budget makes no mention of bipartisan legislation that would bring down health care costs for seniors with chronic conditions, as […]
Crapo, Wyden Call for Swift Passage of Bipartisan PBM Reforms
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chair Ron Wyden (D-Oregon) renewed their call for the passage of their bipartisan legislation to crack down on pharmacy benefit managers (PBMs) and their shadowy tactics that drive up the cost of prescription drugs and force pharmacies across the country to shutter their doors. […]
Crapo, Smith: Biden Administration Should Negotiate a Better Global Tax Deal for America
Washington D.C.–The United States stands to lose billions of revenue under the Organization for Economic Cooperation and Development’s (OECD) plan to reallocate global taxing rights—known as Pillar One—negotiated by the Biden Administration, according to an analysis by the nonpartisan Joint Committee on Taxation (JCT). JCT estimates that about 70 percent of the profits subject to […]
Crapo, Thune, Boozman Lead Colleagues in Demanding the Biden Administration Increase Agricultural Exports
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho), Finance Committee member John Thune (R-South Dakota), and U.S. Senate Agriculture, Nutrition and Forestry Ranking Member John Boozman (R-Arkansas) led 19 of their colleagues in urging U.S. Trade Representative Katherine Tai and U.S. Department of Agriculture Secretary Tom Vilsack to increase U.S. agricultural exports and […]
Crapo Statement at Hearing on Domestic Manufacturing
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) delivered the following statement at a hearing entitled “American Made: Growing U.S. Manufacturing Through the Tax Code”. As prepared for delivery: “Thank you, Mr. Chairman. “During last Thursday’s State of the Union address, using ‘fair share’ rhetoric, President Biden laid out his plans for making […]
Crapo Statement on Biden Budget
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, issued the following statement on President Biden’s Fiscal Year 2025 budget request: “President Biden is proposing the same menu of tax hikes that not even a Democrat-controlled Congress could support, while promising even more government subsidies to counter the inflation that has […]
Crapo Statement on Status of Tax Negotiations
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement on discussions regarding H.R. 7024, the Tax Relief for American Families and Workers Act: “Efforts to pressure Senate Republicans to rubber stamp the Wyden/Smith tax deal have been counterproductive. While my concerns with the bill may be frustrating to some, they should […]
Crapo Statement at Hearing on AI in Health Care
Washington D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo delivered the following remarks at a hearing entitled “Artificial Intelligence and Health Care: Promise and Pitfalls.” As prepared for delivery and entered into the hearing record: “Thank you, Mr. Chairman. “Artificial intelligence, or AI, offers seemingly endless applications and opportunities for every sector of American society, […]
Crapo, Wyden Release Framework of Unemployment Insurance Program Improvements
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chair Ron Wyden (D-Oregon) released a bipartisan framework of legislation that would make key improvements to the nation’s unemployment insurance system. Those improvements would focus on program administration and integrity to combat fraud and improve access to benefits for eligible workers. “This bipartisan framework […]
Crapo Statement at Treasury, Social Security Advisory Board Nominations Hearing
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the U.S. Senate Finance Committee, delivered the following remarks at hearing to consider the nominations of Corey Anne Tellez to be Department of the Treasury Assistant Secretary for Legislative Affairs, and Andrew G. Biggs, Kathryn Rose Lang and Sharon Beth Lewis to be Members of the […]