Grassley on the House Democrats’ Quarter Trillion Dollar Tax Hike
Prepared Floor Remarks by U.S. Senator Chuck Grassley of Iowa Chairman, Senate Finance Committee Wednesday, May 20, 2020 VIDEO At the beginning of March, as we worked to get ahead of the COVID pandemic, an amazing thing happened. Congress came together quickly and developed a broad package of measures to provide relief to families, […]
ICYMI: Net Operating Loss (NOL) Tax Relief Provides Much Needed Liquidity Across All Industries, Not Just Oil and Gas
U.S. Chamber of Commerce Caroline L. Harris Published on May 16, 2020 Recently a story was published in Bloomberg (and repeated by Politico) about the use of net operating loss (NOL) tax relief in the recent CARES Act, criticizing these provisions as being a “stealth bailout for the oil and gas industry.” … NOL relief was […]
ICYMI: House Democrats’ misguided push to cut taxes for the rich
Washington Examiner Shay Hawkins May 18, 2020 As his committee began drafting the 2017 Tax Cuts and Jobs Act, Senate Finance Committee Chairman Orrin Hatch had three central goals: to make the tax code fairer, simpler, and less burdensome at every level of income. … One of the strongest provisions of the act in […]
ICYMI: Pelosi Proposes Retroactive Tax Increase on Struggling Companies
Americans for Tax Reform Alex Hendrie May, 14, 2020 House Speaker Nancy Pelosi (D-Calif.) is proposing a retroactive tax increase on struggling American businesses in her recently released “Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act.” If enacted into law, it will speed up job losses by denying businesses the liquidity they need […]
CARES Act Delivers Pandemic Recovery Dollars to Iowa
WASHINGTON – Sen. Chuck Grassley (R-Iowa) today calculated the federal government so far has put tens of billions of dollars in the pipeline to help Iowans respond to the public health crisis and alleviate economic fall-out from the coronavirus pandemic. “For the first time in our nation’s history, government effectively shut down life as […]
Grassley, Sinema, Colleagues Introduce Bill to Aid Victims of Identity Theft
Washington – Senate Finance Committee Chairman Chuck Grassley (R-Iowa) and Senator Kyrsten Sinema (D-Ariz.), alongside a bipartisan group of colleagues, today introduced the Improving Social Security’s Service to Victims of Identity Theft Act to provide more efficient help to Americans whose social security numbers have been misused following an identity theft. “Millions of Americans […]
Our way of life depends on affordable, 21st century cures
Our way of life depends on affordable, 21st century cures By Sens. Chuck Grassley of Iowa and Mike Braun of Indiana When it comes to treatments and lifesaving cures, the U.S. healthcare system is second to none. This is why, when a loved one receives a cancer diagnosis, or a parent is told her […]
Following Grassley Request, Watchdog Review Shows Need for More Research Protections Against Foreign Theft at Universities
Washington – Federal agencies need to do a better job of communicating with U.S. research institutions to thwart foreign theft, a Government Accountability Office (GAO) report found. The report was requested by Senate Finance Committee Chairman Chuck Grassley (R-Iowa) and examined compliance with export control laws by U.S. research institutions. It also explored the need […]
Treasury to Modify Guidance for Energy Production, Investment Tax Credits in Light of Health Crisis Slowdowns
Washington – In a letter sent to senators today, Treasury Secretary Steven Mnuchin stated the department would modify the regulatory guidance for both the production tax credit (PTC) and the energy investment tax credit (ITC). This decision follows a joint request from bipartisan senators led by Senate Finance Committee Chairman Chuck Grassley (R-Iowa). “Projects […]
Following Bipartisan Request, Treasury Modifies Employee Retention Tax Credit Eligibility for Employers Providing Health Benefits for Furloughed Employees
Washington – Following requests from bipartisan members of Congress, including Senate Finance Committee Chairman Chuck Grassley (R-Iowa), the Treasury Department today modified its decision to bar employers that continue providing health insurance to furloughed workers from claiming the employee retention tax credit (ERTC). Treasury Secretary Steven Mnuchin conveyed the department’s response on the ERTC […]