Senate Approves Crapo Bills to Take Firm, Comprehensive Action Against Russia
Washington, D.C.–Today, the U.S. Senate passed a pair of bills, by a vote of 100 to 0, championed by U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) to take firm, comprehensive action against Vladimir Putin for Russia’s invasion of Ukraine. Crapo’s legislation revokes Russia’s trade status and enacts a ban on Russian oil, demonstrating […]
Crapo Statement at Hearing on IRS FY2023 Budget
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 IRS, the President’s Fiscal Year 2023 Budget, and the 2022 Filing Season.” The text of Ranking Member Crapo’s remarks, as prepared, is below. “Thank you, Mr. Chairman–and thank you to Commissioner […]
Crapo Commends Agreement to Revoke Russia Trade Relations, Ban Oil
Mr. President, I rise in strong support for Senator Schumer’s request for unanimous consent for the Senate to proceed to the en bloc consideration of H.R. 6968, the Russian oil ban, and H.R. 7108, the Russia PNTR legislation. I want to thank Senators Schumer, Wyden, Wicker, Paul, Cardin, Murkowski, Manchin, Lankford, Risch, Menendez, […]
Crapo, Brady Warn Against Partisan, Pitfall-Laden Path Forward on Global Minimum Tax
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the U.S. Senate Finance Committee, and U.S. House Ways and Means Republican Leader Kevin Brady (R-Texas) issued the following statement as OECD negotiations stalled once again over its global minimum tax framework: “EU finance ministers have again failed to agree on the global minimum tax, further […]
Crapo Statement at Hearing on HHS Budget
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 2023 Health and Human Services Budget.” The text of Ranking Member Crapo’s remarks, as prepared, is below. “Thank you, Mr. Chairman, and thank you, Secretary Becerra, for being […]
Inadequate Treasury Engagement on International Tax Negotiations Continues
Washington, D.C.–Senate Finance Committee Republicans, led by Ranking Member Mike Crapo (R-Idaho), again wrote U.S. Department of the Treasury Secretary Janet Yellen to highlight the lack of engagement with Congress on its international tax agreement. The senators note Treasury has consistently failed to consult Congress in any meaningful way, nor has it provided the requested […]
Crapo Statement at Hearing on U.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 entitled, “The President’s 2022 Trade Policy Agenda.” The text of Ranking Member Crapo’s remarks, as prepared, is below. “Thank you, Mr. Chairman. Welcome Ambassador Tai. “On your drive here, Ambassador Tai, you passed […]
Crapo Statement at Hearing on Mental Health
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, “Behavioral Health Care When Americans Need It: Ensuring Parity and Care Integration.” The text of Ranking Member Crapo’s remarks, as prepared, is below. “Thank you, Mr. Chairman, and thank you to our […]
Crapo on FY2023 Budget Request: Record-High Tax Hikes on top of Record-High Inflation
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, issued the following statement on President Biden’s FY2023 budget request: “Once again, the Administration is proposing trillions of dollars in new spending, coupled with job-killing tax hikes. Far from deficit neutral, the proposal includes a placeholder for the reckless tax-and-spend legislation […]
Finance Committee Republicans: Unsustainable Mandatory Spending Will Fuel Inflation Crisis
Washington, D.C.–Republican members of the U.S. Senate Finance Committee, led by Ranking Member Mike Crapo (R-Idaho), sent a letter to Senate colleagues highlighting concerns with a proposal to double down on skyrocketing spending during record-high inflation by extending the poorly targeted, badly designed Obamacare subsidy hikes, including for Americans with sizable six-figure salaries. Last […]