Hearing to Consider the Pending Nominations of Francis Browne; Christopher Abbott; and Robert Stebbins
Wyden, Warren Press Treasury and IRS on Rushed Transition to ID.me for Savings Bond Investors
Senators Demand Answers on Privacy Concerns and Request Delay for New Facial Recognition Login Requirement Text of the Letter (PDF) Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senate Banking, Housing, and Urban Affairs Committee Ranking Member Elizabeth Warren, D-Mass., today demanded the Department of the Treasury halt a rushed transition to […]
Wyden Urges Trump Administration to Crack Down on Major Investment Tax Loophole Used by the Ultra-Wealthy
Text of the Letter (PDF) Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., called on the Treasury Department and Internal Revenue Service (IRS) to crack down on a tax avoidance scheme known as tax-aware long-short investing which is growing in popularity and shielding billions in wealth from federal taxes. “I am alarmed by […]
Amid AI Boom, Wyden Unveils Proposals to Ensure Wage Security, Fair Contributions from Data Centers
New Draft Legislation from Finance Ranking Member, Leader Schumer, Senators Bennet and Warren, Improves and Expands Unemployment Insurance and Provides Additional Wage Security for Workers Displaced by AI Disruption. Wyden Also Touts Bill to Eliminate Unnecessary Federal Tax Breaks for Data Center Construction, Establish Excise Tax for Data Centers to Fund Worker Assistance. Washington, D.C. […]
Wyden on Trump Pausing Some Canada Tariffs Ahead of Election: Americans Are Rejecting Trump’s Desperate, Politicized Stunts, Demand End to Arbitrary Tariff Moves
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., released the following statement in response to Donald Trump’s decision to pause certain tariffs Americans are paying on products from Canada. “Trump’s desperate, eleventh hour attempt to save Susan Collins’ political career is an admission that American voters are rejecting his toxic tariff policies. […]
Wyden Report Shows Success of IRA’s Direct Pay Program
Newly Released IRS Data Shows Unprecedented Clean Energy Boom Under IRA Direct Pay Program, Makes Case for Reinstatement, Wyden Says Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released previously undisclosed Internal Revenue Service (IRS) data showing that in the first two years of the Inflation Reduction Act’s (IRA) Direct Pay […]
Wyden Probes ‘Big Four’ Accounting Firm CEOs On Offshore Tax Shelter Consulting
Big Four Accounting Firms Have Reportedly Advised Clients to Use Maltese Tax Shelters to Avoid Billions in Taxes Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today launched an inquiry into reports of the “big four” accounting firms advising major clients in the United States and European Union to create tax shelters […]
Crapo Recognized for Affordable Housing Work
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) is being recognized for his work advancing policies that make affordable housing more accessible to American families. The Affordable Housing Tax Credit Coalition (AHTCC) presented Crapo with its Affordable Housing Champion Award in honor of his efforts to permanently expand the Low-Income Housing Tax Credit as […]
Wyden, Senate Democrats Expose Shortfalls and Stonewalling Among For-Profit Medicaid Contractors Ahead of Massive Disenrollment Caused By Republican Health Care Cuts
Interim Report Sounds Alarm on Rushed Implementation of Draconian Enrollment and Eligibility Policies; While Taxpayers Fund a Windfall for For-Profit Consulting Firms, Millions Stand to Lose Coverage Amid Error-Prone Systems Text of the Report (PDF) Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senators Elizabeth Warren, D-Mass., and Raphael Warnock, D-Ga., […]