Wyden Blasts Bisignano and Trump’s Corrupt and Incompetent Handling of IRS
It’s April 15th, Tax Day. People all across the country have just gone through the headache of filing their taxes. Adding to the headache, millions of Americans are frustrated that Republicans and the Trump administration killed the Direct File program for this year and put them back at the mercy of the tax software giants […]
Wyden, Whitehouse Sound Alarm on Illegal Scheme from HHS to Share Child Support Data with Immigration Enforcement
“Disclosing this information would be unlawful, and it would expose vulnerable children and families, including victims of domestic violence, to significant harm.” Text of the Letter (PDF) Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senator Sheldon Whitehouse, D-R.I., sounded the alarm about reports that the Department of Health and Human […]
Wyden, King Bill Would Close Major Tax Loophole Involving High-Value Trusts
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senator Angus King, I-Maine, introduced legislation today that would crack down on schemes involving the abuse of certain high-value trusts by ultra-wealthy individuals to avoid income, gift and estate taxes. The Getting Rid of Abusive Trusts Act would close a loophole and modify […]
New Wyden Bill Would Close Private Placement Life Insurance Tax Shelter Abused by the Ultra-Rich
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., will introduce legislation today to close a tax loophole abused by the ultra-rich to shelter tens of billions of dollars in income from taxes with private placement life insurance (PPLI) contracts. PPLI policies are designed to mimic hedge funds and other vehicles for the […]
Wyden, Warren Question FHFA Head Pulte Over His Charity’s Suspicious Donation to Trump-Connected Entity
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) and Banking Committee Ranking Member Elizabeth Warren (D-Mass.) questioned Federal Housing and Finance Agency (FHFA) Director Bill Pulte today over concerns about a 2023 payment made by a nonprofit he controlled to an entity connected to Donald Trump’s legal defense. Pulte’s nonprofit organization, Team […]
Following Meetings with Top Treasury Official, Wyden Reveals Treasury Department Failed to Plan for Economic Fallout from Iran War
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) revealed today that Sriprakash Kothari, a top advisor to Treasury Secretary Scott Bessent and nominee for Assistant Secretary for Economic Policy, told committee staff during recent meetings that he was unaware of any work done by the department to plan for the economic fallout […]
Wyden Seeks Data on Dramatic Decline In Child Trafficking Oversight at Trump Health Department
Finance Committee Ranking Member Demands Slew of Information on How HHS is Enforcing Trafficking Victims Protection Act Text of the Letter (PDF) Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today sought details about the Department of Health and Human Services’ (HHS) diminished capacity to identify, respond to, and prevent trafficking and […]
Wyden Statement on Trump Admin Reversing Course on Medicare Advantage Rates
Washington, D.C. — Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement after the Centers for Medicare & Medicaid Services (CMS) finalized higher payments to insurance companies in Medicare Advantage than originally proposed. “Dr. Oz and the Trump administration have once again sided with big insurance companies at the expense of […]
Wyden Seeks Answers on Massive U.S.-Venezuela Gold Deal Brokered by Trump Administration
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore. today wrote to Trafigura, a Singapore-based multinational commodities trading company that recently signed a deal to purchase vast quantities of gold from Venezuela for sale and distribution in the United States, demanding answers about what due diligence, if any, the company performed to ensure […]
Wyden, Sanders Demand Senate Hearings to Hold Insurance CEOs Accountable for their Greed amid Growing Health Care Crisis
Washington, D.C. – Sen. Ron Wyden (D-Ore.), ranking member of the Senate Finance Committee, and Sen. Bernie Sanders (I-Vt.), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, today called on committee leadership to hold hearings with the CEOs of the nation’s largest health insurance companies to address a fundamentally broken health […]