Democrats Choose Big Government over Americans’ Privacy
Washington, D.C. — U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement after Democrats voted down his amendment to prevent the undue monitoring and reporting of sensitive financial information on law-abiding Americans to the Internal Revenue Service (IRS). Instead, Democrats adopted an amendment to provide even more latitude to the IRS […]
Crapo Files Amendment to Protect Americans’ Privacy from Intrusive IRS Reporting Regime
Washington, D.C. — U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) filed an amendment to the Democrats’ reckless tax-and-spend legislation to prevent the monitoring and reporting of sensitive American taxpayer information to the Internal Revenue Service (IRS) by financial institutions. The Democrats’ proposal would press private-sector financial institutions into reporting deposit and withdrawal flows […]
Crapo Blasts Democrats’ Runaway Spending and Job-Killing Tax Hike Proposals
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, delivered remarks on the Senate Floor today on the Democrats’ $3.5 trillion reckless tax-and-spending bill. Senator Crapo serves as the top Republican on the Senate Finance Committee, with jurisdiction over our nation’s tax policies. In his speech, Crapo highlights the many harmful […]
Analysis: Biden Tax Hikes Hit Middle Class
Washington, D.C.–Today, U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and U.S. House Ways and Means Ranking Member Kevin Brady (R-Texas) released an analysis showing that proposed corporate tax hikes would fall directly on middle-class Americans. The analysis, performed by the non-partisan Joint Committee on Taxation (JCT), shows that increasing the corporate tax burden would […]
Crapo to Yellen: Social Security and Medicare Trustees’ Reports Long Overdue
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, today asked U.S. Department of Treasury Secretary Yellen about the outsized delay of the Social Security and Medicare Trust Funds 2021 trustees’ reports. Crapo says the delay is especially troubling considering Congress is expected to consider further legislation this year that […]
Crapo Statement at Retirement Hearing
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, “Building on Bipartisan Retirement Legislation: How Can Congress Help?” The text of Ranking Member Crapo’s remarks, as prepared, is below. “Thank you, Mr. Chairman, and thank you for holding this important bipartisan […]
Crapo, Whitehouse, Reed, Panetta Introduce Legislation to Encourage Innovation in the Clean Energy Sector
Washington, D.C.– According to a report by the International Energy Agency, approximately 40 percent of cumulative CO2 emissions reductions needed to meet sustainability targets rely on technologies not yet commercially deployed on a mass-market scale. Senator Mike Crapo (R-Idaho), Ranking Member of the U.S. Senate Finance Committee and U.S. Senate Finance Committee member Sheldon Whitehouse (D-Rhode […]
Crapo Statement at USMCA Hearing
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, “Implementation and Enforcement of the United States – Mexico – Canada Agreement: One Year After Entry into Force.” The text of Ranking Member Crapo’s remarks, as prepared, is below. “Thank you Mr. […]
Crapo, Thune, Daines, McConnell Lead Entire Senate Republican Caucus in Urging Biden Administration to Drop Step-Up In Basis Tax-Hike Proposal
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, joined Finance Committee members John Thune (R-South Dakota) and Steve Daines (R-Montana), along with Senate Republican Leader Mitch McConnell (R-Kentucky), in leading the entire Senate Republican caucus in urging President Biden to abandon his effort to impose a capital gains tax increase […]
Crapo, Bennet Introduce Bipartisan Water Infrastructure Bill
Washington, D.C.–To ensure farmers and ranchers have access to modern and safe water infrastructure systems, U.S. Senators Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, and Michael Bennet (D-Colorado), member of the Senate Finance Committee, have introduced the Water and Agriculture Tax Reform (WATER) Act, which would reform outdated tax provisions hindering investment […]