Bipartisan Finance Committee Leaders: USTR Must Tell Canada the U.S. Will Fight Discriminatory Digital Services Taxes on American Companies
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chair Ron Wyden (D-Oregon) called on U.S. Trade Representative (USTR) Katherine Tai to make clear the United States will forcefully defend American employers against the discriminatory taxes being proposed by Canada. Canada is moving forward with a 3 percent tax on large digital services […]
Crapo Announces Finance Committee Staff Updates
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) today announced the following staff updates to the Committee’s tax and economic teams: Michael Gould, Tax Counsel Before joining the Committee, Michael was a senior attorney at the Internal Revenue Service’s (IRS) Office of Chief Counsel for over a decade, advising on corporate and pass through […]
Crapo Statement on DOJ Charging IRS Consultant with Disclosing Tax Return Information
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement after the Department of Justice (DOJ) announced it has charged an Internal Revenue Service (IRS) consultant with disclosing tax return information without authorization. “Since ProPublica first reported it had received a ‘trove’ of stolen tax information in June 2021, my colleagues and […]
Crapo: IRS Chief Counsel Must Put Law over Desired Political Outcomes
Washington, D.C.– At a U.S. Senate Finance Committee hearing on the nomination of Marjorie Rollinson to be Chief Counsel of the Internal Revenue Service (IRS) and Assistant General Counsel of the Department of Treasury, Ranking Member Mike Crapo (R-Idaho) highlighted the myriad issues currently plaguing the IRS, and asked for commitments from Ms. Rollinson to […]
Crapo, Wyden Introduce Finance Committee PBM Bill
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chair Ron Wyden (D-Oregon) introduced the Modernizing and Ensuring PBM Accountability Act (MEPA), a bill to bring more transparency, accountability and competition to pharmacy benefit manager (PBM) practices in the pharmaceutical supply chain. The legislative text reflects the Chairman’s Mark that was reported out of […]
Crapo Statement at IRS Chief Counsel and Social Security and Medicare Trustees Nomination 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 a hearing to consider the nomination of Marjorie Rollinson to be Chief Counsel of the Internal Revenue Service (IRS) and Assistant General Counsel of the Department of Treasury, and Demetrios Kouzoukas and Patricia Neuman to be […]
Senate Finance Republicans: IRS Document Destruction Harmed Taxpayers
Washington, D.C.—Following reports that provide troubling evidence of taxpayers who were directly harmed by the Internal Revenue Service’s (IRS) destruction of 30 million unprocessed tax returns, U.S. Senate Finance Committee Republicans, led by Ranking Member Mike Crapo (R-Idaho), are demanding information from the IRS on new and previously unanswered questions. From the letter: Recently reported […]
Government Watchdog Says IRS Needs to Address Critical Safeguard Weaknesses
Washington, D.C.–A new report from the U.S. Government Accountability Office (GAO) highlights both new and longstanding unresolved security risks to the safety of confidential taxpayer information at the Internal Revenue Service (IRS). The report, requested by U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and U.S. House Ways and Means Committee Chair Jason Smith […]
Crapo Statement at Taiwan Tax Legislation Markup
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the U.S. Senate Finance Committee, delivered the following remarks at an open executive session to consider the United States-Taiwan Expedited Double-Tax Relief Act. As prepared for delivery: “Thank you, Mr. Chairman, and thanks to you and your staff for your efforts to craft solutions for the […]
Pandemic Unemployment Fraud Estimates Double to $100-$135 Billion; Crapo, Smith Call for Action
Washington, D.C.–Official government estimates of fraud in pandemic-era unemployment insurance (UI) programs have doubled within the last six months, reaching a staggering sum of $100 to $135 billion according to a newly released U.S. Government Accountability Office (GAO) report. The report, issued in response to a request from U.S. Senate Finance Ranking Member Senator Mike […]