Wyden Proposes Simplifying Capital Depreciation Rules
WASHINGTON – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today offered a discussion draft of legislation to simplify one of the most complex areas of the tax code – capital depreciation rules – making it easier for businesses to invest in everything from trucks to computers. Investing in capital is critical for companies looking […]
Wyden Statement at Finance Hearing on Business Tax Reform
If you own a small business today, you’re in danger of being ensnared in an outdated, overgrown tax code that Americans spend 6.1 billion hours and more than $100 billion complying with each year. The code is punishing to those who don’t have a team of accountants and the luxury of time to plan investments […]
Wyden Calls for Robust Taxpayer Protections from Identity Theft and Tax Refund Fraud
Wyden Asks Committee to Put Aside Politics and Establish Minimum Standards for Paid Tax Return Preparers Full Opening Statement As Prepared For Delivery Below WASHINGTON – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., called for substantial taxpayer protections from identity theft and tax refund fraud at a Finance Committee markup of an original bill […]
Senate Finance Democrats Call for Committee Action to Protect Taxpayers from Fraud
WASHINGTON – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Finance Democrats today sent a letter to Senate Finance Committee majority members calling for bipartisan action to help protect honest taxpayers from tax fraud — whether it’s by identity theft or unscrupulous tax return preparers. This letter comes in advance of the Senate Finance […]
Wyden Statement on Finance Committee Nominations
WASHINGTON – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement today regarding the committee’s failure to include the nomination of Dr. Mary Wakefield to be deputy secretary of the Department of Health and Human Services (HHS) in a committee markup off the Senate floor. “While the committee is taking an important […]
Wyden Statement on Senate Floor on Chinese Aluminum Market Manipulation
WASHINGTON – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., delivered the following statement on the Senate floor today calling on the administration to stand up to China’s market-distorting trade policies and support a new case by the United Steelworkers to defend U.S. aluminum producers: Over the past few decades, China has used market-distorting subsidies […]
Wyden Calls for Swift Response to Chinese Aluminum Market Manipulation
WASHINGTON – Sen. Ron Wyden, D-Ore., called on the administration to stand up to China’s market-distorting trade policies and support a new case by the United Steelworkers to defend U.S. aluminum producers. “There’s a huge overcapacity in China driven by market distorting government policies. Even with the economic slowdown, China’s central government simply cannot shake […]
Wyden: Report Shows Opening Cuba Trade Creates Major Economic Opportunities
WASHINGTON – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today praised a new study showing significant economic opportunities created by relaxing restrictions on trade with Cuba. Wyden requested the study from the International Trade Commission in 2014, when he chaired the Senate Committee on Finance. “When the President announced that the United States was […]
Wyden Statement on Finance Committee Markup of ID Theft Prevention and Taxpayer Protection Bills
WASHINGTON – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement regarding the recently scheduled markup of bills to curb identity theft and tax refund fraud and bolster other taxpayer protections: “It’s long overdue that the Committee moves forward on this important legislation to protect taxpayers from fraud,” said Wyden. “However it’s […]
Wyden Statement at Finance Committee on Cybersecurity and Protecting Taxpayer Information
Hackers and crooks, including many working for foreign crime syndicates, are jumping at every opportunity they have to steal hard-earned money and sensitive personal data from U.S. taxpayers. It happens online and in the real world. And in my view, taxpayers have been failed by the agencies, the companies, and the policymakers here in Congress […]