Finance Committee Releases Updated Build Back Better Text
Washington, D.C. –Senate Finance Committee Chair Ron Wyden, D-Ore., today released updated text of the Finance Committee’s title of the Build Back Better Act. The updated text includes both technical and policy changes, as well as modifications to ensure compliance with Senate budget rules. “The Finance Committee has made targeted improvements to the Build Back […]
Finance Committee Advances the Nominations of Maria Louise Lago and Lisa W. Wang on Overwhelming Bipartisan Votes
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today helped advance the nominations of two key Biden administration nominees, who will serve at the U.S. Department of Commerce. The nominations will head to the floor for final confirmation. “These are roles with a clear focus on creating good jobs and opportunities for American […]
Wyden statement on HHS overturning Trump-era waivers allowing for taxpayer-funded discrimination in child welfare and reestablishing nondiscrimination policies across the agency
Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement on the decision of the Department of Health and Human Services (HHS) to reestablish its commitment to furthering nondiscrimination policies across the agency and to rescind Trump-granted state waivers allowing federally-funded child welfare agencies to deny vulnerable children access to the qualified, welcoming and safe families they deserve: “Every child deserves a safe, loving home […]
Wyden Statement on Revenue from Increased IRS Enforcement Against Wealthy Tax Cheats
Washington, D.C.—Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement on revenue from increased IRS enforcement against wealthy tax cheats: “Investing in the IRS will generate at least $400 billion in additional tax revenue from wealthy tax cheats. I’m confident in the Treasury Department’s estimate, which is backed up by experts and […]
Wyden Readout of Bipartisan Briefing with Secretary Yellen on OECD Agreement
Washington, D.C.—Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following readout of the Senate Finance Committee’s bipartisan briefing with Secretary Yellen on the OECD agreement: “Secretary Yellen today briefed the bipartisan membership of the Finance Committee on the terms of the global agreement among 137 countries to help stabilize our international tax system, […]
Wyden Continues to Press Swiss Bank Mirabaud on Brockman Tax Evasion Schemes
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today continued to press Swiss bank Mirabaud for information on its compliance with the Foreign Account Tax Compliance Act (FATCA) and its role holding $1 billion of undeclared income for billionaire Robert Brockman for 10 years. Indicted by the Justice Department last year, Brockman is […]
Wyden Statement on Billionaires Income Tax Score
Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement on the Joint Committee on Taxation’s preliminary revenue estimate for the Billionaires Income Tax: “Preliminary estimates from the Joint Committee on Taxation show that the Billionaires Income Tax would raise $557 billion in revenue over 10 years. This makes crystal clear the extent […]
Wyden Statement on New Data on Wealthy Individuals Who Refuse to File Taxes
Washington, D.C.—Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement on new data from the Treasury Inspector General for Tax Administration (TIGTA) on wealthy individuals who refuse to file taxes: “New information provided by the Inspector General indicates the IRS continues to let wealthy tax cheats get away without paying taxes owed. […]
Finance Committee Reports Chris Magnus Nomination for Commissioner of Customs and Border Protection to Senate Floor
Washington, D.C. – Senate Finance Committee Chairman Ron Wyden, D-Ore., urged swift confirmation of Chris Magnus as commissioner of Customs and Border Protection, following a 15-13 vote to advance the nomination to the Senate floor. “It’s clear to me that Chief Magnus is going to handle this job with hard work and a sense of […]
Wyden Statement on Drug Pricing Agreement
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released a statement after Democrats reached an agreement on policies to lower prescription drug costs. “Today’s agreement marks a turning point for Americans’ health care costs,” Wyden said. “At last, Medicare will be able to negotiate directly with Big Pharma to get a fair price […]