Wyden Statement at Finance Committee Hearing on the President’s 2019 Trade Policy Agenda
The Finance Committee meets this morning to discuss the administration’s trade agenda. First, on China. The president likes to say that, “trade wars are good and easy to win.” The situation on the battlefield says otherwise. China’s market is more closed off to American-made goods than before the trade war began. The president’s next escalation […]
Wyden Statement on Justice Department Opinion on Trump Tax Returns
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in response to the Justice Department’s opinion on compliance with congressional requests for tax return information under section 6103 of the tax code: “The Justice Department’s opinion reads like it was written by Donald Trump’s personal lawyer. This legal analysis has already […]
Wyden Statement on Treasury Secretary Mnuchin’s Testimony on Harriet Tubman $20 Bill
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement on reports that Treasury Secretary Steven Mnuchin misled the House Financial Services Committee about putting Harriet Tubman on the $20 bill: “Reporting from the New York Times indicates that Secretary Mnuchin provided misleading testimony about the administration’s failure to meet the 2020 […]
Wyden Statement on Senate Passage of Taxpayer First Act
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement on Senate passage of the Taxpayer First Act: “Americans interact with the IRS more than any other federal agency. Passage of the Taxpayer First Act will modernize the agency, allowing it to better serve taxpayers. Our bill includes critical provisions to improve […]
Wyden Bill Would End Tax Breaks for Private Prison Companies
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today introduced legislation to end tax breaks for companies that run prisons and immigrant detention centers. “The private prison industry is booming, particularly with the Trump administration holding more immigrants in detention than any time over nearly the past 20 years. Companies that profit […]
Wyden Statement on GAO Study on Lost Tobacco Tax Revenue
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement on a GAO study on lost tobacco tax revenue: “Tobacco tax loopholes continue to cost the government billions—$1.3 billion over just four years. This is an easy fix. Pipe tobacco should be taxed at the same rates as roll-your-own tobacco. Tobacco taxes […]
Wyden Statement on Trump Administration Obstruction of Tax Return Oversight
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement on the failure of the Treasury Department and IRS to comply with oversight of compliance with requests for tax return information under section 6103 of the tax code: “In letters to Secretary Mnuchin and Commissioner Rettig, I asked a number of questions […]
Wyden Statement on House Passage of the Taxpayer First Act
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement on House passage of the Taxpayer First Act: “Legislation to modernize the IRS so it better serves taxpayers has been years in the making. The bipartisan Taxpayer First Act contains critical provisions to improve customer service, protect personal data and shield low-income […]
Wyden Statement on Revised Taxpayer First Act
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement on revised version of the Taxpayer First Act: “The House and Senate have come together on a path forward for the Taxpayer First Act. There’s no federal agency Americans interact with more than the IRS, and it’s critical that it be modernized […]
Wyden Bill Would End Tax Breaks for Donations to Influence College Admissions
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today introduced legislation to make the college admissions process fairer by ending tax breaks for donations made to influence admissions decisions. The recent college bribery and cheating admissions scandal highlighted the unfairness of the current system. Wealthy families make tax-deductible, six and seven-figure donations […]