Crapo, Brady to IRS: Breach of Taxpayer Data Cannot Be Tolerated
Washington, D.C. – Following an egregious and illegal breach of taxpayer privacy, stemming from the apparent leak of confidential taxpayer information from the Internal Revenue Service (IRS) to the media outlet ProPublica, U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and U.S. House Ways and Means Republican Leader Kevin Brady (R-Texas) are demanding answers. […]
Crapo Statement at Treasury Nominees Markup
Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the U.S. Senate Finance Committee, delivered the following remarks at an executive session to vote on nominees to the U.S. Department of Treasury. The text of Ranking Member Crapo’s remarks, as prepared, is below. “We are meeting today to consider four nominations to important […]
Crapo Renews Request for Detailed “Tax Gap” Information
Washington, D.C. – At a U.S. Senate Finance Committee hearing with Internal Revenue Service’s (IRS) Commissioner Rettig, Ranking Member Mike Crapo (R-Idaho) reiterated his request for detailed information on the IRS’s recent “tax gap” estimates. “When you testified earlier before the committee, you estimated that the tax gap could be as high as $1 trillion […]
Crapo Statement at Hearing on IRS 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’s Fiscal Year 2022 Budget.” The text of Ranking Member Crapo’s remarks, as prepared, is below. “Thank you Mr. Chairman, and thank you Commissioner Rettig for joining us again today. […]
Crapo, Brady Urge Caution on G-7 Agreement
Washington, D.C. — U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and U.S. House Ways and Means Ranking Member Kevin Brady (R-Texas) issued the following statement today regarding the G-7 nations agreement on new rules for taxing global companies: “A speculative agreement appears premature given the many unanswered questions about the Pillar 1 […]
Crapo on Budget-Busting Spending and Job-Killing Tax Hikes
Washington, D.C. — U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement today regarding President Biden’s budget announcement: “I continue to disagree with the Administration’s bids to pay for budget-busting spending with job-killing tax hikes. This colossal $6 trillion proposal includes tax increases that will inevitably hurt all Americans and […]
Crapo Secures Inclusion of the Trade Act of 2021 in China Bill
Washington, D.C.— U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, secured inclusion of the Trade Act of 2021 into the U.S. Innovation and Competition Act. The amendment was adopted by an overwhelming bipartisan majority, 91-4. Prior to the vote, Senator Crapo delivered remarks on the Senate Floor describing the bipartisan agreement […]
Crapo, Bennet Introduce Bipartisan Bill to Ensure Medicare Beneficiaries Receive Coverage for Cancer Detection Technologies
Washington, D.C.– U.S. Senators Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, and Michael Bennet (D-Colorado), member of the Committee, reintroduced S. 1873 the Medicare Multi-Cancer Early Detection Screening Coverage Act, which would provide Medicare coverage for screening tests to save lives and costs to the health care system. The bipartisan legislation would […]
Finance Committee Republicans Push Commonsense Provisions in Energy Tax Bill
Washington, D.C.–The U.S. Senate Finance Committee voted along party lines on “The Clean Energy for America Act,” a bill that eliminates tax incentives for the fossil fuel industry, which would result in job losses and increased gas prices at the pump for consumers. Although Democrats indicated a willingness to continue conversations on a number of […]
Crapo Statement at Finance Committee Markup
Washington, D.C.—At a U.S. Senate Finance Committee executive session to consider “The Clean Energy for America Act,” Ranking Member Mike Crapo (R-Idaho), said he is willing to work on modifying energy tax provisions in the tax code, but not at the expense of millions of good-paying American jobs. Key Excerpts: “There is bipartisan agreement that […]