Crapo, Wyden Solicit Policy Input on Taxation of Digital Assets
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chair Ron Wyden (D-Oregon) launched an effort to address uncertainties surrounding the tax treatment of digital assets with an open letter seeking input from experts, stakeholders and interested parties. “The rapid emergence of digital assets has raised novel regulatory issues, including the appropriate treatment […]
Senators Introduce Bipartisan Legislation to Ensure Medicare Beneficiaries Receive Coverage for Cancer Detection Technologies
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Finance Committee member Michael Bennet (D-Colorado), along with Finance Committee members Tim Scott (R-South Carolina) and Ben Cardin (D-Maryland), are reintroducing legislation that would provide Medicare coverage for screening tests to save lives and costs to the health care system. The Medicare Multi-Cancer Early […]
Crapo Statement at Hearing on Cattle Supply Chains and Amazon Deforestation
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 entitled “Cattle Supply Chains and Amazon Deforestation.” As prepared for delivery: “Thank you, Mr. Chairman. “Over the years, you and I have done a lot of good forest work in our own backyards, particularly […]
Senate Finance Committee Leaders Call for Elimination of India’s Barriers to U.S. Products to Strengthen U.S.-India Trade Ties and Benefit American Workers
Washington, D.C.—U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chair Ron Wyden (D-Oregon) today called for President Biden to push India’s Prime Minister Narendra Modi to eliminate major barriers to U.S. trade and investment during the upcoming state visit this week. “The United States and India share a close partnership, grounded in shared […]
JCT: U.S. Stands to Lose Revenue Under OECD Tax Deal
Washington, D.C.— The United States stands to lose over $120 billion in tax revenues under the Organization for Economic Co-operation and Development’s (OECD) global minimum tax—known as Pillar 2—negotiated by the Biden Administration, according to an analysis by the nonpartisan Joint Committee on Taxation (JCT). The analysis was requested by Senate Finance Committee Ranking Member […]
Crapo Statement at Hearing on Anti-poverty and Family Support Provisions in the Tax Code
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 entitled “Anti-Poverty and Family Support Provisions in the Tax Code.” As prepared for delivery: “Thank you, Mr. Chairman. “Today we focus on anti-poverty and family support provisions in the tax code. It is important […]
Crapo, Rodgers Issue Request for Information to Inform Policymaking on Drug Shortages
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and U.S. House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-Washington) announced a bicameral Request for Information (RFI) to subject matter experts and stakeholders regarding the increase in drug shortages. From the request: For American families, these trends can pose dire consequences, from life-threatening […]
Crapo, Wyden, Smith and Neal Announce Bipartisan, Bicameral Legislation to Approve First Taiwan Trade Initiative Agreement
Washington D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chairman Ron Wyden (D-Oregon), along with U.S. House Ways and Means Committee Chairman Jason Smith (R-Missouri) and Ranking Member Richard Neal (D-Massachusetts), announced legislation to approve the first trade agreement signed under the U.S.-Taiwan Initiative on 21st-Century Trade, and set robust transparency and consultation […]
Crapo Statement at Hearing on Heath Care Consolidation
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 entitled “Consolidation and Corporate Ownership in Health Care: Trends and Impacts on Access, Quality, and Costs.” As prepared for delivery: “Thank you, Mr. Chairman “Competition has the potential to drive down costs, improve quality […]
Crapo Statement on Ways and Means Republicans’ Defending American Jobs and Investment Act
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement on the House Ways and Means Committee Republicans’ introduction of the Defending American Jobs and Investment Act: “I support Chairman Smith and Ways and Means Republicans’ efforts to pursue measures to dissuade foreign countries from taxing U.S. companies and collecting U.S. revenue […]