Wyden, Neal Statement on Upcoming G7 Meetings, Status of OECD Negotiations
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and House Ways & Means Committee Chair Richard E. Neal, D-Mass., today issued the following statement on the upcoming G7 meetings and status of OECD negotiations: “We applaud the Biden administration for taking a leadership role in moving forward on what would be a landmark […]
Wyden Launches Investigation into AbbVie Tax Practices
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today launched an investigation into AbbVie’s international tax practices and how the 2017 Republican tax law has allowed the company to further abuse tax havens and avoid paying taxes on U.S. prescription drug sales. “[A]bbVie has been able to successfully exploit the incentives to offshore […]
Wyden Statement on Unemployment Insurance Report from Labor Department Inspector General
Washington, D.C.—Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement on an unemployment insurance report from the Labor Department’s Inspector General: “It’s no secret that states struggled mightily to get enhanced jobless benefits out the door during the COVID-19 economic crisis. These challenges were the result of inadequate state benefits and […]
Wyden Praises Overwhelming Passage of Bipartisan Senate Finance Committee Trade Amendment To Target China’s Predatory Trade Policies
Washington, D.C. – U.S. Senate Finance Committee Chair Ron Wyden, D-Ore., applauded the 91-4 passage of a bipartisan trade amendment targeting China’s predatory trade policies, as an amendment to a larger international competition bill today. The amendment, by Wyden and Finance Committee Ranking Member Mike Crapo, D-Idaho, helps level the playing field for American workers, […]
Wyden Statement on Senate Floor on Wyden-Crapo Amendment to the Competition Bill
For decades, the Chinese government has manipulated global competition and trade in their favor to grow at America’s expense. It rips off IP, steals technology and sends dangerous counterfeits to our market. It undercuts manufacturers with overproduction and unfair subsidies. It uses censorship and discriminatory digital policies against its own populations and American businesses alike. […]
Wyden Statement on Republican Infrastructure Counteroffer
Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement on Republicans’ infrastructure counteroffer: “Combatting the climate crisis in a jobs and infrastructure package is non-negotiable. Yesterday, for the first time, the Finance Committee advanced comprehensive clean energy legislation. It would invest nearly $260 billion in tax incentives for clean energy, clean transportation […]
Senate Finance Committee Advances Clean Energy for America Act
Washington, D.C. – The Senate Finance Committee today advanced the Clean Energy for America Act with a 14-14 vote. “Today is a momentous day. For the first time, the Senate Finance Committee has advanced comprehensive clean-energy legislation,” Chair Wyden said. “The American people know the climate crisis is an existential threat and strongly support bold […]
Wyden Statement at Finance Committee Markup on the Clean Energy for America Act
On the federal tax books today is a hodgepodge of 44 different energy tax breaks for a host of fuel sources and technologies. These tax breaks have stacked up over the decades like dusty old papers on the messiest desk in the office. The system is anti-competitive and anti-innovation. It puts the government in the […]
Wyden Statement on Senate Floor on Competition Bill TRIPS Waiver Amendment
Mr. President, my colleague Senator Crapo has brought forward an amendment to the competition bill before. It deals with the Biden administration’s announcement that it would participate in negotiations on intellectual property and the coronavirus vaccines. His amendment also goes beyond the current crisis and adds roadblocks to any improvements to any other trade agreements […]
Wyden Statement at Finance Committee Hearing on the Nominations of Lily Batchelder, Benjamin Harris, Nellie Liang and Jonathan Davidson to Treasury Department
The Finance Committee meets this morning to discuss four nominations that will round out President Biden’s team leading the Treasury Department. Lily Batchelder is nominated to serve as Assistant Secretary for Tax Policy. Professor Batchelder is not only a leader when it comes to crafting tax policies that bring working Americans into the economic winner’s […]