Working Families Tax Cuts Deliver Expanded Educational Opportunity
Washington, D.C.—The Working Families Tax Cuts delivered one of the largest expansions of education freedom in history, providing new tax benefits to families that will help with educational opportunity and affordability. Through the newly created Education Freedom Tax Credit, taxpayers are eligible for a credit up to $1,700 for qualified contributions made to organizations that […]
Crapo Statement at Hearing on ITC Nominees
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) delivered the following remarks at a hearing to consider nominees for the International Trade Commission. As prepared for delivery: “Before us today are five bipartisan individuals nominated to serve as Commissioners at the U.S. International Trade Commission, or ITC. “They are David Foley, Jr. of Virginia, […]
Working Families Tax Cuts Help Rural Communities Grow
Washington, D.C.—Rural communities in Idaho and across the country are benefiting not just from the widespread tax relief provided by the Working Families Tax Cuts but also from a range of provisions targeted at America’s farms, ranches and small towns. From direct investments in rural health care to tax provisions that will help family farms […]
Crapo Announces International Trade Commission Nominations Hearing
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) announced the Committee will hold a nomination hearing on Thursday, June 25, 2026, at 10:00 AM ET to consider Brett Doyle, David Foley, Jr., Samuel Negatu, Peter-Anthony Pappas and Bartholomew Thanhauser to be members of the United States International Trade Commission. Title: Hearing to consider nominees […]
Working Families Tax Cuts Encourage Self-Reliance
Washington, D.C.—While Medicaid was designed to benefit specific vulnerable populations—pregnant women, Americans with disabilities, low-income children and seniors—Obamacare distorted its intended purpose by incentivizing states to enroll and prioritize healthy adults. As a result, federal Medicaid spending has more than tripled since 2008, threatening the sustainability of the program. This expansion also hurt many low-income […]
Working Families Tax Cuts Reward the Working Class
Washington, D.C.—The Working Families Tax Cuts not only prevented the largest tax hike in American history but also provided Americans with significant new tax relief. New figures from the U.S. Department of the Treasury show how new tax deductions and credits tied directly to wages, children, tips, overtime benefited millions of working-class Americans this filing […]
Crapo Statement at Budget Hearing with Treasury Secretary Bessent
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) delivered the following remarks at a hearing on the President’s Fiscal Year 2027 U.S. Department of the Treasury budget. As prepared for delivery: “Thank you, Secretary Bessent, for appearing before the Committee today to discuss the President’s Fiscal Year 2027 Budget for the Treasury Department and […]
Working Families Tax Cuts Deliver Relief for Seniors
Washington, D.C.—Along with preventing the largest tax hike in American history, the Working Families Tax Cuts fulfilled President Trump’s promise to provide tax relief to low- and middle-income senior citizens. Now, people aged 65 or older can claim a new $6,000 deduction in addition to the standard deduction and the existing seniors deduction, and married […]
Crapo Announces Budget Hearing with Treasury Secretary Bessent
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) announced the Committee will convene for a hearing entitled, “The President’s Fiscal Year 2027 Budget for the Department of the Treasury” on Wednesday, June 3, at 10:00 AM. Title: The President’s Fiscal Year 2027 Budget for the Department of the Treasury Witness: The Honorable Scott Bessent, […]
Working Families Tax Cuts Support Tipped Workers
Washington, D.C.—National Waitstaff Day recognizes the millions of waiters and waitresses whose hard work and friendly attitudes make dining out an enjoyable experience. Thanks to the Working Families Tax Cuts, workers in occupations that customarily and regularly receive tips are now eligible to claim a deduction of up to $25,000, no matter whether they itemize […]