Wyden Statement on New York Times Reporting on Opportunity Zones, Secretary Mnuchin

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in reaction to New York Times’ reporting on Opportunity Zones:      “Groundbreaking reporting from the New York Times reveals that Secretary Mnuchin steered tax breaks worth potentially millions of dollars to a longtime crony—over the strong objection of nonpolitical IRS staff. This is […]

Wyden Launches Investigation Into Halkbank Scandal

Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today launched an investigation into the lapses in administration and financial oversight that resulted in the indictment of Halkbank, the Turkish bank facing criminal charges for a multi-billion dollar scheme to evade U.S. sanctions on Iran. Wyden is examining Secretary Mnuchin’s reported conversations with […]

Wyden Statement at Finance Committee Hearing on Substance Use Treatment

Today’s hearing will spotlight the pitfalls Americans face when they try to find quality treatment for a substance use disorder. A person battling this disease is often jostled around from one end of the health care system to the other. The last thing they need when you’re suffering from this disease is another obstacle – […]

Wyden Statement on Ways & Means Passage of Legislation to Tax E-Cigarettes

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in reaction to Ways & Means Committee passage of legislation to tax e-cigarettes:   “The Ways & Means Committee today advanced important legislation to combat a growing public health crisis and tax e-cigarettes at the same rate as tobacco cigarettes. A new generation […]

Wyden Statement on Senate Floor on NAFTA 2.0

I rise to call for this administration to obtain the best possible update to NAFTA, and to ensure that Americans reap real benefits from renegotiating this trade deal.  I understand several of my colleagues are urging for an immediate vote on the president’s new NAFTA. Setting aside the fact that there have not yet been […]

Wyden Statement on Senate Floor on Overturning Trump Administration’s Harmful SALT Regulations

Mr. President, the Senate today has an opportunity to overturn the Treasury Department’s terrible State and Local Tax or SALT regulations. These regulations illustrate everything that was wrong about Republicans’ 2017 tax law. First, Republicans wrote a half-baked law that shoveled hundreds of billions of dollars at the wealthiest individuals and companies in America. While […]

Wyden Statement on House Passage of Legislation to Force Disclosure From Anonymous Shell Companies

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in reaction to House passage of legislation, the Corporate Transparency Act (H.R. 2513):   “The House today passed important legislation that would finally force disclosure from anonymous shell companies. Shell companies have facilitated rampant criminality, including real estate deals being used to launder […]

Wyden: Foreign Governments Should Not Stay at Doral

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement on the White House’s announcement that the G-7 will be hosted at Trump’s Doral resort: “Hosting the G-7 at Trump’s failing Doral resort is one of the most egregious examples of corruption and self-dealing in the most corrupt presidency in our history. […]

Wyden Statement on Review of Free File Program

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement on the review of the Free File program: “The report does not adequately address the problems in the Free File program. For example, it does not recommend robust action to prevent companies from engaging in deceptive advertising practices, even though it acknowledges […]