Wyden Probes Appearance of Republican Collusion in Lawsuits Over Tax Return Leaks
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., questioned Treasury Secretary Scott Bessent today over the appearance of possible collusion between the Treasury Department and wealthy Republicans suing over leaks of confidential tax data that occurred several years ago. In late January, the Treasury Department announced that it had canceled all contracts […]
Wyden, Whitehouse, King Lead Introduction of Bill Closing Carried Interest Tax Loophole
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden (D-Ore.), Senator Sheldon Whitehouse (D-R.I.) and Senator Angus King (I-Maine) led colleagues today in introducing legislation to close the carried interest loophole and ensure hedge fund managers and private equity CEOs pay their fair share in taxes. “Our tax code is rigged to favor ultra-wealthy […]
Wyden Blasts Trump and Republicans for Killing IRS Direct File Program
Watch a video of Wyden deliver his remarks here As Prepared for Delivery It’s Tax Day, April 15th. The anti-holiday. This tax day in particular is a rough one, beyond the usual frustration and expense of filing your taxes. Tax Day 2026 is a reminder that Donald Trump and Republicans will put the interests of giant […]
Wyden, King Introduce Bill to Reverse Republican IRS Cuts, Restore Efforts to Go After Wealthy Tax Cheats
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., joined U.S. Senators Angus King, I-Maine, Elizabeth Warren, D-Mass, Tim Kaine, D-Va., and Sheldon Whitehouse, D-R.I., in introducing legislation to provide additional funding for the Internal Revenue Service (IRS) to strengthen and expand tax collection services and systems and crack down on tax cheating […]
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 […]