Wyden Statement on IRS Memo on Compliance With Requests for Tax Returns
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in response to reporting that career IRS attorneys drafted a memo that concluded the Treasury Secretary does not have discretion on compliance with congressional requests for tax returns under section 6103 of the tax code: “Career IRS attorneys made clear that the […]
Wyden Urges USTR Lighthizer to Fix Enforcement in New NAFTA
Washington, D.C. —Senate Finance Committee Ranking Member Ron Wyden, D-Ore., urged the administration to fix enforcement in the updated NAFTA agreement, rather than leaving in place the broken NAFTA enforcement system, in a letter today to U.S. Trade Representative Robert Lighthizer. Although the new NAFTA agreement contains some updates to the previous NAFTA obligations – […]
Wyden Statement on Declining IRS Audits of Wealthy Taxpayers
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in response to release of the IRS 2018 Data Book, which shows declining audits of wealthy taxpayers: “Republicans in 2011 launched an all-out assault on the IRS. The result is crippled enforcement and an open invitation to the wealthy to cheat. The […]
Wyden Statement on Treasury Secretary Mnuchin’s Refusal to Comply with Subpoena for Trump Tax Returns
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in response to Treasury Secretary Steven Mnuchin’s refusal to comply with Chairman Richard Neal’s, D-Mass., subpoena of President Donald Trump’s tax returns: “The Trump administration views itself as above the law, and the House of Representatives should take swift legal action to […]
Wyden Statement on Trump Auto Trade Announcement
Senate Finance Committee Ranking Member Sen. Ron Wyden, D-Ore., today issued the following statement in response to the White House announcement that is considering restricting imports on autos and auto parts from the European Union and Japan in 180 days: “Today, Donald Trump says that foreign-manufactured cars and car parts somehow threaten America’s national security, […]
Wyden, Colleagues Introduce Legislation to Overhaul Energy Tax Code, Combat Climate Change
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and 25 colleagues today introduced legislation to overhaul the federal tax code to support an innovative, low carbon economy. The Clean Energy for America Act would consolidate the current 44 energy incentives into three technology-neutral provisions that encourage clean electricity, clean transportation and energy […]
Leading Congressional Democrats Request National Security Review of Russian Investment in Kentucky Aluminium Mill
Washington, D.C.–Leading Congressional Democrats today requested that the Committee on Foreign Investment in the United States (CFIUS) review Rusal’s proposed $200 million investment in Braidy Atlas, a Kentucky aluminum rolling mill, for potential threats to national security. The letter, led by Senate Finance Committee Ranking Member Ron Wyden, D-Ore., is signed by Senate Banking Committee […]
Wyden Offers Bill to Boost Health Care Price Transparency
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today introduced legislation to help Americans learn what they will have to pay for health care services before going to see a health provider. The proposal would require Medicare and health insurance companies to give beneficiaries information on the cost and quality of health […]
Wyden Statement on Latest Allegations of N.R.A. Self-Dealing
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement on the latest reporting on allegations of N.R.A. self-dealing: “Nonprofit organizations are exempt from federal taxes so they can better contribute to society, not so their executives and board members can enjoy luxurious lifestyles and further personal business interests on the backs […]
Wyden Statement at Finance Committee Hearing on Retirement System
This morning the Finance Committee takes a broad look at challenges with the retirement system. I want to begin my remarks with a word on Social Security. According to the most recent Trustees Report, Social Security can pay full benefits until 2035. After that, retirees would be hit with a 20 percent cut. That means […]