Ranking Member's News

09.12.18

Wyden Statement on IRS Commissioner Vote and Trump’s Treasury, IRS Dark Money Crisis

M. President, this week the Senate is considering the nomination of Charles Rettig to lead the Internal Revenue Service. And let's be clear, this isn't a typical IRS Commissioner debate. Over the last several months, the Trump administration has weaponized the tax code to punish its political adversaries and benefit shadowy far-right groups that seek to buy elections. Two months ago, just hours after Maria Butina was outed as an alleged Russian spy who sought to influence our elections, the Tr… Continue Reading


09.04.18

Wyden Statement on NAFTA Negotiations

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., issued the following statement on the status of NAFTA negotiations, and refuting the president's assertion that he can unilaterally withdraw from NAFTA without Congressional approval: "The president doesn't have a deal, he doesn't have a plan, and he doesn't even have the power to follow through on his empty threats. The president needs to take a look at the Constitution - it gives Congress authority over trade. The president cannot pul… Continue Reading


08.31.18

Wyden Statement on NAFTA Notification

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement on the announcement that the president intends to sign unspecified changes to NAFTA: "It is premature for the president to announce he intends to sign a trade agreement when so many difficult issues remain unresolved," Wyden said. "It sure looks like the president is more concerned with announcing a deal during election season, rather than getting the best deal possible for American workers, based on… Continue Reading


08.28.18

As Junk Plans Become Reality, Senate Democrats Seek Answers on the Consequences for Americans' Health Care

Washington, D.C. - Four Senate Democrats today asked the National Association of Insurance Commissioners (NAIC) to begin reporting the harmful consequences of junk insurance plans as insurers submit applications to sell the plans to consumers this fall. The letter, sent by Senate Finance Committee Ranking Member Ron Wyden, D-Ore., Senate Health, Education, Labor and Pensions (HELP) Committee Ranking Member Patty Murray, D-Wash., and Senators Bill Nelson, D-Fla., and Tammy Baldwin, D-Wisc., asks… Continue Reading


08.27.18

Wyden Statement on U.S.-Mexico Trade Announcement

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement on the announcement that the U.S. and Mexico reached a preliminary agreement to revise NAFTA: "The president's track record on trade is clear; the announcements are splashy, but they fail to deliver concrete results for American workers. NAFTA is an outdated agreement that needs a major overhaul, but there are a lot of details missing from today's announcement, and there are big unanswered questions … Continue Reading


08.22.18

Wyden, Pallone Warn Trump Administration Against Moving Forward on Harmful Medicaid Waivers

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and House Energy & Commerce Committee Ranking Member Frank Pallone, Jr., D-N.J., today warned the Trump Administration against moving forward on Medicaid waivers submitted by Kentucky and other states that violate the purpose of the Medicaid program by restricting care and creating barriers for Americans who count on the program. "Medicaid 1115 waiver demonstrations that adopt restrictive conditions on eligibility… Continue Reading


08.22.18

Wyden Statement at Finance Committee Hearing on Treasury Stonewalling, Treasury and HHS Nominees

The gods have a way of dropping Earth-shaking news right before Finance Committee hearings. This morning's hearing is no different, and the news that broke last night about the prosecutions of two Trump associates now has ramifications for one of the nominations before the committee today. The president's personal lawyer and his former campaign chairman are confessed or convicted felons. They join a long and growing list of Trump associates who've broken the law. Mr. Manafort, relevant to this … Continue Reading


08.14.18

Wyden Calls for Improvements to Nursing Home Rating System

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today called on the federal government to improve the quality measures for adequate staffing that American seniors and their families use when selecting a nursing home. "Seniors and their families deserve to know what they're getting when they select a long-term care provider, but it's clear that too many are ill-served by the information that's currently available," Wyden said. "It's unacceptable when care providers … Continue Reading


08.09.18

Wyden Issues Report on Wall Street Windfalls from Trump’s Tax Scam

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released a Senate Finance Committee report highlighting how US banks received billions of dollars in tax windfalls as their profits reached historic highs. According to data from the Federal Deposit Insurance Corporation (FDIC), banks recorded $56 billion in profits in the first three months of 2018. FDIC estimates that banks would have continued to break profit records even without the corporate tax breaks from… Continue Reading


08.08.18

Wyden: Collins Indictment Highlights Corruption in Trump's Washington

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., said today that the insider trading charges brought against Rep. Chris Collins should come as no surprise after the role he played peddling shares of Innate Immunotherapeutics, Ltd., to family, friends and political allies, which was uncovered during the nomination of disgraced former Secretary of Health and Human Services Tom Price. "The Collins indictment represents everything Trump and his Republican allies in Cong… Continue Reading


08.02.18

Wyden Questions Top Sanctions Enforcer on Ties Between US, Russian Arms Manufacturers and Russian Oligarchs

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., this week asked the Office of Foreign Assets Control (OFAC) Acting Director Andrea Gacki whether OFAC is looking into possible relationships between US arms manufacturers and Russian arms manufactures with ties to sanctioned Russian nationals and oligarchs, including Alexander Torshin. Torshin, who reportedly has extensive ties to the National Rifle Association (NRA), was sanctioned by the United States in April due to… Continue Reading


08.01.18

Wyden Statement on Capital Gains Taxation & Treasury, IRS Nominees

The Finance Committee meets this morning to vote on the nominations of Justin Muzinich to be deputy secretary of the Treasury and Michael Desmond to be chief counsel at IRS. And colleagues, particularly on the Muzinich nomination, the debate changed completely with the breaking news from Treasury on Monday night. According to Treasury sources, the Trump administration is considering flouting the law to cut taxes on capital gains -- permanently. It's a $100 billion handout to the super-wealthy. … Continue Reading


08.01.18

Wyden Statement on Junk Plans Final Rule

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued a statement after the Trump Administration issued its final Short-Term Limited Duration Plan rule, which would give insurance companies greater authority to sell junk plans that do not comply with current law consumer protections, such as pre-existing condition protections: "By giving the green light to junk plans, Trump and his administration are once again siding with fraudsters, unscrupulous brokers and insurance compani… Continue Reading


07.31.18

Wyden Statement on GAO Report, Estimate that 30 Million Taxpayers will be Underwithheld Next Year

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement in response to the Government Accountability Office's (GAO) independent review showing Treasury's projection that 21 percent of taxpayers will owe more in taxes in 2019 due to underwithholding: "This nonpartisan report is an alarm bell for the nearly 30 million households that are expected to owe more money come tax time this spring," Wyden said. "Withholding tables directly affect the size of payche… Continue Reading


07.26.18

Wyden Statement on Treasury and IRS Nominees, Administration Stonewalling, and Dark Money

The Finance Committee meets this morning to consider the nominations of Justin Muzinich to be deputy secretary of the Treasury and Michael Desmond to be chief counsel at IRS. I'll begin my remarks with this: This committee is facing levels of stonewalling from the administration on letters and policy issues that I never expected I'd see. We'd get similar answers from the Treasury if we posed our questions to the statue of Alexander Hamilton outside department headquarters. And it goes back to S… Continue Reading

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