Crapo Statement on House Democrats’ Decision to Release Confidential Tax Information
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement on House Ways and Means Democrats’ decision to release President Trump’s tax return information for multiple years: “I am deeply concerned by recent erosions of taxpayer confidentiality and the dangerous precedent today’s release sets, which undermines confidence in both our […]
Congressional Republicans: Administration Neglected U.S. Interests in OECD Deal, Invited Extraterritorial Tax on U.S. Companies
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho), U.S. Senate Foreign Relations Committee Ranking Member Jim Risch (R-Idaho) and U.S. House Ways and Means Republican Leader Kevin Brady (R-Texas) led Congressional Republicans in criticizing the Treasury Department’s failure to defend U.S. business and economic interests in international tax negotiations. In a letter […]
Crapo: Inflation Continues to Throttle Taxpayers
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the statement below following the release of the consumer price index (CPI) for October, which shows inflation in consumer prices, relative to a year earlier, was 7.7 percent, the eleventh consecutive month with inflation at or above 7.0 percent. “Inflation remains stubbornly high, […]
Crapo, Risch, Brady Blast Treasury’s Termination of U.S. Tax Treaty in Pursuit of OECD Tax Agreement
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, U.S. House Ways and Means Republican Leader Kevin Brady (R-Texas) and U.S. Senator Jim Risch (R-Idaho), Ranking Member of the Senate Foreign Relations Committee, today wrote to the U.S. Department of the Treasury and the U.S. Department of State, blasting Treasury’s termination […]
Crapo on Inflation: No Signs of Slowing
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the statement below following the release of data on the personal consumption expenditures price index (PCE), which showed that year-over-year PCE inflation was 6.2 percent in September, the same as in August. The core PCE price index, which excludes energy and food prices, was […]
Finance Committee Republicans: IRS Requires Unbiased Oversight of Unprecedented Funding Boost
Washington D.C.–U.S. Senate Finance Committee Republicans, led by Ranking Member Mike Crapo (R-Idaho), sent a letter to Government Accountability Office (GAO) Comptroller General Gene Dodaro requesting an update on outstanding issues that GAO has previously advised the IRS to remedy. The senators note the IRS lacks substantive attention to oversight, transparency and accountability, raising the need […]
American Families are Paying the Price for Administration’s Economic Mismanagement
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the statement below following the release of the consumer price index (CPI) for September, which came in higher than expected at 8.2 percent and remains more than double the historic long-run average of 3.3 percent. “At 8.2 percent, inflation continues to hammer American […]
Finance Committee Republicans: IRS Funding Boost Lacks Emphasis on Oversight
Washington D.C.– U.S. Senate Finance Committee Republicans, led by Ranking Member Mike Crapo (R-Idaho), sent a letter to Treasury Inspector General for Tax Administration (TIGTA) Russell George requesting information on how TIGTA will provide American taxpayers with needed visibility into what the IRS will do with its massive new multi-year funding stream, particularly as just […]
Crapo: High Wholesale Price Inflation Means More Pain for Consumers
Washington, D.C.–After the Bureau of Labor Statistics released its September Producer Price Index (PPI) showing that wholesale prices rose by 8.5 percent from the previous year, higher than expected and remaining well above the long-run average of 2.6 percent, U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement: “American families […]
Crapo: Stagnant Economy Needs Pro-Growth Policies
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the statement below following release of data on the personal consumption expenditures price index (PCE) for August, which showed that core PCE inflation increased from 4.7 percent to 4.9 percent, year over year. A third estimate for second quarter GDP was also recently released, […]