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 […]
Senate Republicans: Tax Gimmicks Won’t Solve High Energy Costs
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), the top Republican of the Senate Finance Committee, led a news conference with Republican Senators to discuss high gas prices and some of the Democrats’ misguided policy proposals to lower them. To watch the news conference in its entirety, click here. Highlights: Senator Mike Crapo (R-Idaho): “The fact […]
Crapo: High Gas Prices a Year in the Making
Washington, D.C.–U.S. Senator for Idaho Mike Crapo, Ranking Member of the Senate Finance Committee, led a news conference with Republican colleagues to highlight the challenges caused by sky-high gas prices, noting that in order to combat high inflation and increasing energy costs, policymakers must address root causes, rather than promote gimmicks that could make the […]
Crapo: We Must Take Firm, Comprehensive Action Against Russia
Madam President, reserving the right to object, I rise to address Ukraine’s perilous situation. There is broad agreement in this Chamber, and in the House of Representatives, that America’s response—in all areas—to Russia and Belarus’s aggression against Ukraine must be comprehensive and strong. Leveraging the benefits of the U.S. trade relationship with Russia is […]
Finance Committee Republicans Ask Yellen for Update on Social Security and Medicare Trustees Reports
Washington D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, Finance Committee Member Todd Young (R-Indiana), Ranking Member of the Subcommittee on Social Security, Pensions and Family Policy, along with all other Finance Committee Republicans, sent a letter requesting U.S. Department of Treasury Secretary Yellen provide an update on the status of the […]
Crapo: To Hold Putin Accountable, Congress Must Pass PNTR Suspension and Russian Oil Ban
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement on the need to suspend Russia’s permanent normal trade relations and impose an energy importation ban: “Ukrainian President Zelenskyy implored Congress for ‘new packages of sanctions … until the Russian military machine stops.’ Congress must support him and the Ukrainian […]
Crapo Statement at Hearing on Charitable Giving
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the U.S. Senate Finance Committee, submitted the following remarks for the record at a hearing entitled, “Examining Charitable Giving and Trends in the Nonprofit Sector.” The text of Ranking Member Crapo’s remarks, as prepared, is below. “Thank you, Mr. Chairman. “Senators from all […]
Crapo Statement at Hearing on Prescription Drug Pricing
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, “Prescription Drug Price Inflation: An Urgent Need to Lower Drug Prices in Medicare.” The text of Ranking Member Crapo’s remarks, as prepared, is below. “Thank you, Mr. Chairman, and thank you to […]
Crapo: Inflation Foundation Existed Prior to Russia’s Invasion of Ukraine
Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) released the following statement after the Producer Price Index (PPI) release showed inflation surged 10.0 percent year over year in February: “Today’s inflation data continues to demonstrate an inflation foundation that was set in place well before price pressures from Russia’s invasion of Ukraine […]