Senate Republicans Introduce Legislation to Recover Hundreds of Billions in Unchecked Unemployment Fraud
Washington, D.C–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) led Senate Republicans in reintroducing legislation to help recover funds lost to unemployment insurance (UI) fraud and provide incentives for states to recover fraudulent payments. The introduction of the legislation follows ongoing concerns that just a sliver of the funds lost to misspent unemployment insurance […]
Crapo Statement at Hearing on International Tax Policy
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 on international tax policy. As prepared for delivery: “Thank you, Mr. Chairman. “Almost eight years ago—before the Republican-enacted Tax Cuts and Jobs Act—this Committee’s bipartisan working group concluded: our international tax system was […]
Crapo, Wyden, Smith, Neal Announce Bipartisan, Bicameral Effort to Extend Tax Preferences to Taiwan
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho), Chair Ron Wyden (D-Oregon), House Ways & Means Committee Chair Jason Smith (R-Missouri) and Ranking Member Richard E. Neal (D-Massachusetts) released the following statement on a bipartisan, bicameral effort to alleviate double taxation between the United States and Taiwan: “Addressing cross-border economic burdens currently faced by […]
Crapo Statement on Independence of the Supreme Court
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement on recent efforts to undermine the Supreme Court and rule of law: “Last week, the Senate Judiciary Committee held a hearing at which Ranking Member Graham described a concentrated effort by the left to try to undermine the legitimacy of the United […]
Senate Finance Republicans Call for Investigations of Alleged IRS Misconduct
Washington, D.C.–Senate Finance Committee Republicans, led by Ranking Member Mike Crapo (R-Idaho), are calling on the U.S. Treasury Inspector General for Tax Administration (TIGTA) to investigate recent allegations of unjust targeting and preferential treatment in high-profile cases by the Internal Revenue Service (IRS). The senators’ request is grounded in two news reports: An IRS employee […]
Crapo Statement at Hearing on Barriers to Mental Health Care
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, “Barriers to Mental Health Care: Improving Provider Directory Accuracy to Reduce the Prevalence of Ghost Networks.” As prepared for delivery: “Thank you, Mr. Chairman. “Last Congress, this Committee came together to enact dozens […]
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 economic team: Lincoln Foran, Senior Economic Policy Advisor Lincoln has been promoted to Senior Economic Policy Advisor, having previously served as a policy advisor for Senator Crapo on both the Senate Finance and Senate Banking Committees. Before […]
Crapo, Wyden Release Legislative Framework to Address PBMs, Prescription Drug Supply Chain
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chair Ron Wyden (D-Oregon) released a bipartisan framework that the Committee will use to pursue legislative solutions to modernize and enhance federal prescription drug programs, with the goal of reducing drug costs for patients and taxpayers. “Some of the most life-saving medications remain out of […]
Crapo: Bloated IRS Budget Plan Lacks Key Details
Washington, D.C.–At a U.S. Senate Finance Committee hearing on the Internal Revenue Service’s (IRS) Fiscal Year (FY) 2024 budget and FY 2023 filing season, Ranking Member Mike Crapo (R-Idaho) highlighted concerns with the agency’s recently-released $80 billion funding plan, which lacks critical details, as well as concerns about how the IRS will uphold its pledge […]
Crapo Statement at Hearing on IRS Budget, 2023 Tax Filing Season
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, “The President’s Fiscal Year 2024 IRS Budget and the IRS’s 2023 Filing Season.” As prepared for delivery: “Commissioner Werfel, thank you for testifying this morning, as well as for your conduct in these […]