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 […]
Crapo, Wyden Applaud Proposed HHS Rule That Reduces Barriers to Kinship Foster Care Placement
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chair Ron Wyden (D-Oregon) expressed support for the U.S. Department of Health and Human Services (HHS) Administration for Children and Families (ACF) proposed rule that would reduce barriers to kinship foster placement and ease the financial burdens on kin caregivers. “We write to express support […]
Congressional Republicans Call For Reconsideration Of Administration’s Anti-Innovation Drug-Price Policy
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, U.S. House Ways and Means Chair Jason Smith (R-Missouri) and U.S. House Energy and Commerce Chair Cathy McMorris Rodgers (R-Washington) raised concerns with the Biden Administration’s initial drug price-setting program implementation guidance document. In a letter to U.S. Health and Human Services […]
Crapo Statement on Treasury Clean Vehicle Tax Credit Guidance
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement on guidance released by the U.S. Department of the Treasury and Internal Revenue Service on clean vehicle tax credit eligibility: “The ever-changing, and late, Treasury guidance on electric vehicle tax credits has once again failed to follow through on promises that minerals […]
Crapo Statement at Hearing on the Prescription Drug Supply Chain
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, “Pharmacy Benefit Managers and the Prescription Drug Supply Chain: Impact on Patients and Taxpayers.” As prepared for delivery: “Thank you, Mr. Chairman. “I have long championed efforts to improve prescription drug access and […]
Crapo: Administration’s Trade Agenda Bypasses the American People
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement on the Biden Administration’s attempt to side-step a statutory requirement for the clean vehicle tax credit in the Inflation Reduction Act (IRA) by negotiating the United States – Japan Critical Minerals Agreement: “Contrary to the Biden Administration’s claims today, the ‘critical minerals […]
Crapo, Smith Urge Watchdog Agency to Continue Investigating Fraud in Unemployment Insurance Program
Washington, D.C.–After the Biden Administration’s Department of Labor Inspector General revealed an estimated $191 billion in pandemic unemployment benefits may have been misspent, with a significant portion lost due to fraud, Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and House Ways and Means Committee Chairman Jason Smith (R-Missouri) are calling on the Government Accountability […]
Crapo: We Can and Must Do Better on Trade
Washington, D.C.–At a U.S. Senate Finance Committee hearing on the President’s 2023 trade policy agenda with United States Trade Representative (USTR) Katherine Tai, Ranking Member Mike Crapo (R-Idaho) highlighted concerns with the Administration’s current approach to trade policy, from both a substance and a process standpoint. Crapo raised concerns with high tariffs and unscientific […]
Crapo Statement at Hearing on President’s Trade Agenda
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 the President’s 2023 trade agenda with United States Trade Representative Katherine Tai. As prepared for delivery: “Thank you, Mr. Chairman. Welcome, Ambassador Tai. “Members of this Committee have very thoughtful ideas […]