Wyden Unveils New Bill to Close Offshore Reinsurance Tax Loophole
WASHINGTON –Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today introduced legislation that would prevent offshore tax avoidance by some U.S. hedge fund “reinsurers.” The bill, “The Offshore Reinsurance Tax Fairness Act,” would close the tax loophole which allows hedge fund reinsurers to take advantage of an exception to the passive foreign investment company (PFIC) […]
Wyden Statement at Finance Committee Hearing on Spurring Private Investment in Transportation Infrastructure
A lot of Americans wonder if Congress can organize a two-car parade. When you look at 33 consecutive short-term patches for infrastructure funding, it sure seems like Congress can’t pave the parade route either. This is the second time in eight days the Finance Committee has come together to take a hard look at the […]
Wyden Cheers Supreme Court Ruling to Preserve Affordable Health Care for Millions of Americans
WASHINGTON –Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today applauded the Supreme Court’s 6-3 decision to uphold the Affordable Care Act by preserving tax credits for health insurance in states with federal health insurance marketplaces. “Today, the Supreme Court has reached the same conclusion that has been so clear, to so many, for so […]
Wyden: Senate Passes Trade Package to Fight for American Jobs and American Values
WASHINGTON –Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today praised the passage of trade legislation in the U.S. Senate to allow the President to complete trade agreements, and the expected passage of a bill to expand key worker assistance programs. The Trade Promotion Authority bill passed 60-38, on a bipartisan vote. “Today the U.S. […]
Wyden Floor Statement on Trade Enforcement and Aid for Workers
Today the Senate is taking major steps toward a new, progressive trade policy that shuts the door on the 1990s NAFTA era in trade once and for all. One of the biggest ways this overall legislative package will accomplish that goal is by kicking our customs enforcement into high gear. Later today, the Senate will […]
Wyden Floor Statement Urging Support for Trade Legislation
In the debate in Congress over the last several weeks, I’ve heard a lot of my colleagues come to the floors of the Senate and House and say they’re tired of the NAFTA playbook on trade. They’re concerned that the package that’s once again before the Senate is more of the same. Here’s my message […]
Wyden Announces Support for Trade Legislation
WASHINGTON –Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today announced he will support moving forward on trade legislation that the Senate will consider this week. “The trade package currently before the Senate is a blueprint for trade done right,” Wyden said. “It will make our country stronger by opening new markets to American products […]
Wyden Lauds Health Savings from Independence at Home Program
WASHINGTON –Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today touted new data from the Centers for Medicare and Medicaid Services (CMS) that indicated significant first year results from the Independence at Home Demonstration, which provides primary care services to Medicare beneficiaries in a home setting. Wyden also celebrated news that Housecall Providers, Inc., a […]
Wyden Hearing Statement on the Challenges to the Future of Highway Funding
America’s transportation arteries give life to America’s economy. Now, they need major surgery, but instead, the patient is bleeding out. And short-term funding Band-Aids won’t help without a solid long-term plan in place to solve the crisis. My bottom line is that you can’t have a big-league economy with little-league infrastructure. But the way Congress […]
Wyden Floor Statement on Internet Tax Legislation
I want to address two events from the last several days, both of which have the potential to reshape the way Americans use the Internet for communication and commerce. The […]