Working Families Tax Cuts Help Young Americans Achieve the American Dream
Washington, D.C.—The Working Families Tax Cuts spearheaded by U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) are setting up young Americans for a strong financial future through the creation of Trump Accounts. Beginning July 4, parents, employers, friends and philanthropists will be able to contribute to these investment accounts for children. Additionally, children born between […]
Working Families Tax Cuts Support Self-Employed Workers
Washington, D.C.—Thanks to Working Families Tax Cuts provisions advanced by U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho), small businesses and entrepreneurs managing today’s deadline for Internal Revenue Service (IRS) Form 1099 have a lighter paperwork burden than they would have if the law had not passed. The new law replaced the Democrats’ onerous IRS […]
Crapo Applauds Bipartisan Finance Committee Priorities in Government Funding Bill
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) issued the following statement on passage of the Fiscal Year 2026 (FY26) funding package, which included many priorities within the Finance Committee’s jurisdiction that reflected bipartisan, bicameral negotiations. “The policies within the Finance Committee’s jurisdiction reflect our members’ priorities on both sides of the aisle that […]
Working Families Tax Cuts Invest in Educational Opportunity
Washington, D.C.—This week is National School Choice Week, and the Working Families Tax Cuts—driven by U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho)—are making education more accessible and affordable for families across America. In the legislation, congressional Republicans created a new school choice tax credit, expanded 529 savings accounts and permanently extended tax benefits for […]
Crapo, Wyden Request Information on Recent Social Security Administration Court Filing
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Ron Wyden (D-Oregon) are requesting additional information from the Social Security Administration (SSA) regarding a recent court filing disclosing new information about the scope of the former Department of Government Efficiency’s (DOGE) activities at the SSA. “As Chairman and Ranking Member of the […]
Working Families Tax Cuts Boost Tax Refunds
Washington, D.C.—With this year’s tax filing season beginning today, Americans are anticipating significant refunds due to the Working Families Tax Cuts advanced by U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho). Because key components of the law apply retroactively to 2025, the U.S. Department of the Treasury estimates tax refunds could total $100 billion for […]
Crapo Applauds Bipartisan, Bicameral Finance Committee Priorities in Government Funding Bill
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) issued the following statement on the inclusion of Finance Committee priorities in the appropriations bill released by the U.S. House of Representatives, which includes sections on health care and trade preferences reflecting bipartisan, bicameral negotiations. “The policies within the Finance Committee’s jurisdiction reflect our members’ priorities […]
Working Families Tax Cuts Fuel American Manufacturing
The Working Families Tax Cuts, driven in the U.S. Senate by Finance Committee Chairman Mike Crapo (R-Idaho), power American reindustrialization through key provisions like immediate research and development expensing, full expensing for new capital investments and full expensing for the construction of new factories. According to a report by the Tax Foundation, these changes are […]
Working Families Tax Cuts Bring Bigger Paychecks
Washington, D.C.—Workers receiving their first paychecks of 2026 are finding them bigger than ever thanks to the Working Families Tax Cuts spearheaded by U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho). Between stronger economic growth and employers updating tax withholding according to the new law, Idahoans can expect to see up to $6,400 in real […]
Senate Republicans Blast Tim Walz for Rampant Child Care Fraud, Demand Accountability for American Taxpayers
Washington, D.C.—The entire Senate Republican Conference, led by Senate Health, Education, Labor, and Pensions (HELP) Committee Chairman Bill Cassidy (R-Louisiana), Senate Finance Committee Chairman Mike Crapo (R-Idaho), Majority Leader John Thune (R-South Dakota) and Majority Whip John Barrasso (R-Wyoming), is demanding accountability from outgoing Minnesota Governor Tim Walz amid widespread reports of fraud and abuse […]