Wyden Lauds New Recommendations to Combat Tobacco Tax Avoidance and Evasion
WASHINGTON –Today, Senate Finance Committee Ranking Member Ron Wyden, D-Ore., highlighted findings from a new report by the National Academy of Sciences detailing how the U.S. is falling behind other nations, including Spain, the United Kingdom, Canada, and the European Union, in combating illicit tobacco sales and tobacco tax abuse. The new report estimated that […]
Wyden Statement on Finance Committee Trade Hearing
WASHINGTON – Following the announcement of a Finance Committee hearing on trade next Thursday, February 26, a spokesman for Senate Finance Committee Ranking Member Ron Wyden, D-Ore., issued the following statement: “Today’s hearing announcement is premature,” said Wyden spokesman Keith Chu. “There is no agreement on Trade Promotion Authority, or other aspects of the legislative […]
Wyden Joins Sens. Brown, Casey and Stabenow on legislation to Extend the Children’s Health Insurance Program
WASHINGTON, D.C. – With federal funding that provides health care coverage to more than 10 million children nationwide through the Children’s Health Insurance Program (CHIP) set to expire, U.S. Sen. Sherrod Brown (D-OH) today introduced legislation that would extend CHIP funding through 2019. Introducing this bill with Brown are: U.S. Sens. Debbie Stabenow (D-MI), Ron […]
Wyden Remarks on Tax Reform at the Tax Council Policy Institute
Earlier this week, the Senate Finance Committee held a hearing looking back at the Tax Reform Act of 1986. Senator Bill Bradley, who was at the center of that reform effort, was kind enough to be one of the witnesses. And the hearing raised in my mind a discussion that Senator Bradley and I have […]
Wyden Responds to Republican Claims That Social Security Disability Insurance Is In “Crisis”
WASHINGTON – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today responded to assertions by Republicans during a Budget Committee hearing that the trust fund financing Social Security Disability Insurance (SSDI) is in “crisis.” “Instead of using alarmist rhetoric, Republicans should join us in finding measured, equitable and common sense solutions that ensure the Social […]
Wyden Statement on U.S. Challenge to Illegal Chinese Subsidies
WASHINGTON – Today, the United States Trade Representative challenged illegal subsidies from China that appear to have been provided to its companies in sectors including textiles, agriculture, apparel and footwear, specialty chemicals, medical products, hardware and building materials, light industry and advanced materials and metals. Senator Ron Wyden, D-Ore., Ranking Democrat on the Senate Finance […]
Wyden Statement at Finance Committee Markup of Miscellaneous Tax Bills
Today marks the third time in less than a year that the Finance Committee will debate bipartisan legislation improving the U.S. tax code. That’s been a welcome change of pace. In fact, the committee had gone nearly two full years without a tax markup when it passed the EXPIRE Act last spring to extend a […]
Wyden, Thune Reintroduce Bill to Permanently Block Taxes on Internet Access
WASHINGTON, D.C. — U.S. Sens. Ron Wyden (D-Ore.), top Democrat on the Senate Finance Committee, and John Thune (R-S.D.), chairman of the Commerce, Science, and Transportation Committee and member of the tax-writing Senate Finance Committee, today reintroduced the bipartisan Internet Tax Freedom Forever Act. The U.S. House of Representatives passed a companion measure by voice […]
Wyden Says Tax Reform Possible with Principled Bipartisanship
WASHINGTON –Senate Finance Committee Ranking Member Ron Wyden, D-Ore., at a hearing today on lessons learned from the Tax Reform Act of 1986, said any successful effort to reform the tax code must be on the basis of principled bipartisanship that addresses the needs of the American middle class and makes the U.S. more competitive […]
Wyden Statement at Finance Hearing on Lessons from Tax Reform Act of 1986
If there’s one obvious similarity between 1986 and today, it’s that people are quick to say tax reform is impossible. They say Congress can’t organize a two-car parade – there’s no way they can come together on major economic legislation. So what happened three decades ago will need to happen again: turning the impossible into […]