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 […]
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 […]