Finance Committee Republicans Raise Questions, Concerns with Disturbing IRS Document Destruction
Washington, D.C.–Senate Finance Committee Republicans, led by Ranking Member Mike Crapo (R-Idaho), wrote to Internal Revenue Service (IRS) Commissioner Chuck Rettig raising concerns and questions about the IRS’s destruction of an estimated 30 million paper-filed documents in March 2021 reportedly due to a backlog in processing paper documents. A Treasury Inspector General for Tax Administration […]
Finance Committee Republicans: IRS Should Speed Up Paper Returns Process
Washington, D.C.–Senate Finance Committee Republicans, led by Ranking Member Mike Crapo (R-Idaho), wrote to Internal Revenue Service (IRS) Commissioner Chuck Rettig to strongly encourage the agency to implement 2-D barcoding for paper returns in the 2023 tax filing season–technology that would help to efficiently process millions of tax returns and speed up taxpayer refunds. […]
Crapo Statement on Double-Digit Producer Price Index
Washington, D.C–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement after the Producer Price Index (PPI) showed numbers remaining at a troubling double-digit rate of 11.0 percent, well above the 1.8 percent average during the four years prior to Biden taking office. “Today’s producer price data means more hits from […]
Crapo Statement on Persistently High Inflation
Washington, D.C–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement after the Consumer Price Index (CPI) release showed inflation holding high at 8.3 percent year over year in April. “Today’s data on consumer price inflation shows the Biden Administration’s runaway inflation is not contained and a slight, one-month dip downward […]
Bipartisan Senate Finance Committee Members Call For Improved Transparency from U.S. Trade Representative; Cite Failure to Consult with Congress on Recent Trade Negotiations
Washington, D.C.–Senate Finance Committee Ranking Member Mike Crapo (R-Idaho), Finance Committee Chairman Ron Wyden (D-Oregon) and Finance Committee Member Bob Menendez (D-New Jersey) today called on the U.S. Trade Representative (USTR) to dramatically improve transparency and consultation with Congress on pending trade negotiations, in a letter sent today with Senators Charles Grassley (R-Iowa), Catherine Cortez […]
Republican Leaders Blast Unprecedented CMS Decision to Severely Limit Access to Lifesaving Cures
Washington, D.C.–Republican leaders of the Senate and House Committees with oversight of the Centers for Medicare and Medicaid Services (CMS) are raising concerns with a recent decision to severely restrict coverage of a U.S. Food and Drug Administration (FDA)-approved Alzheimer’s treatment and any similar future treatments, in a disturbing break with precedent. In a […]
Crapo Statement on Rising Inflation, Shrinking GDP
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement after data for the personal consumption expenditures (PCE) price index, a measure of consumer prices, jumped to 6.6 percent. The data follows a Bureau of Economic Analysis report for gross domestic product (GDP) which showed a -1.4 percent growth for January through […]
Crapo, Brady Demand Update on Criminal Breach of Taxpayer Data
<span style=”font-size:12.0pt;font-family:” arial”,sans-serif;=”” mso-fareast-font-family:calibri;mso-fareast-theme-font:minor-latin;mso-ansi-language:=”” en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa”=””>Washington, D.C.–Nearly 10 months later, the Biden Administration still does not know what taxpayer data was stolen and leaked to ProPublica last summer. In a letter to Treasury Secretary Janet Yellen, top Republicans on the Senate and House tax panels are requesting an update on the investigation. The letter, sent by […]
Crapo Statement on Historic Increase in Wholesale Price Inflation
Washington, D.C–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement after the Producer Price Index (PPI) release showed inflation for March jumping to 11.2 percent–a record high on a year-over-year basis. “Today’s record surge in wholesale prices will hit manufacturers, small businesses and consumers when they can least afford it. U.S. […]
Crapo Statement on Surging Inflation
Washington, D.C–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) released the following statement after the Consumer Price Index (CPI) release showed inflation surged 8.5 percent year over year in March, the fastest rate in more than 40 years. “Inflation continues to accelerate and hit highs not experienced in 40 years. This inflationary environment […]