Wyden Statement on IRS Budget Challenges
WASHINGTON – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., issued a statement today following reports that the Internal Revenue Service (IRS) will face serious difficulties operating effectively due to budget shortfalls this year: “Recent comments from IRS Commissioner John Koskinen paint a grave picture for American taxpayers as filing season begins this year. Due to […]
Senate Democrats Introduce Resolution Commemorating 50th Anniversary of Medicare and Medicaid
WASHINGTON –Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today led a group of 46 senators to introduce a resolution to commemorate the 50th anniversary of Medicare and Medicaid, which became law in 1965. Wyden also delivered a statement Wednesday marking the 50th anniversary of President Lyndon B. Johnson’s message to Congress where he outlined […]
Wyden, Cardin Introduce Legislation to Help Protect Consumers from Fraudulent Tax Preparers
WASHINGTON –Senate Finance Committee Ranking Member, Ron Wyden, D-Ore., and Senator Ben Cardin, D-Md., today unveiled legislation that provides the Department of Treasury and the Internal Revenue Service (IRS) explicit authority to regulate paid tax return preparers. With nearly half of all Americans turning to others to prepare their tax filings each year, this bill […]
Wyden Unveils Bill to Draw Top Teachers to Rural and Impoverished Areas
WASHINGTON – Senate Finance Committee Ranking Member, Ron Wyden, D-Ore., today introduced the “I Teach” Act which provides a $1,000 refundable tax credit to elementary and secondary school teachers who serve in rural or impoverished public schools. Additionally it offers a $1,000 refundable credit to teachers who achieve National Board certification and provides these certified […]
Wyden, Hatch and Markey Introduce “Ensuring Access to Clinical Trials Act”
WASHINGTON – Senate Finance Committee Ranking Member, Ron Wyden, D-Ore.; Finance Committee Chairman Orrin Hatch, R-Utah; and Senator Edward Markey, D-Mass., today introduced the bipartisan Ensuring Access to Clinical Trials Act, legislation that would maintain the opportunity for people receiving Supplemental Security Income (SSI) and Medicaid to participate in rare disease clinical trials. The bill […]
Hatch Statement on Selection as Chairman of Senate Finance Committee
WASHINGTON – U.S. Senator Orrin Hatch (R-Utah) issued the following statement today after the Senate Republican Conference ratified his selection to serve as Chairman on the U.S. Senate Finance Committee for the 114th Congress: “I’m deeply honored by the faith that my colleagues have entrusted in me to chair the Senate Finance Committee. Whether it’s […]
By the Numbers: A Closer Look at the Obama Economy
Over the past six years hard-working, middle-class families have been squeezed by the President’s failed economic policies. Bigger government, higher taxes, and more spending has saddled the American people with record high debt and left them with fewer jobs and smaller paychecks. The following analysis by the Senate Finance Committee Republican Staff takes a closer […]
National Review Online OpEd: It’s Time to Rebuild the Tax Code
Everyone agrees that the American tax system is broken and in need of reform. It stifles job creation, innovation, and competitiveness. It’s counterproductive, confusing, and a serious drag on the economy. Simply put: Tax reform is no longer an option but an obligation. With the start of the new Congress, Washington has an opportunity to […]
Wyden, Hatch, Camp, Levin, Joint Statement on ITC Report on India Trade Policies
WASHINGTON – Senate Finance Committee Chairman Ron Wyden (D-OR) and Ranking Member Orrin Hatch (R-UT), and House Ways and Means Committee Chairman Dave Camp (R-MI) and Ranking Member Sander Levin (D-MI) today announced the public release of the results of the U.S. International Trade Commission’s (ITC) Investigation No. 332-543, “Trade, Investment, and Industrial Policies in […]
Wyden: Outdated Tax Code Harmfully Distorting Investment Decisions
WASHINGTON –Senate Finance Committee Chairman Ron Wyden, D-Ore., today said tax reform must end the antiquated and distorted tax treatment of various capital investments across the economy following the release of a CBO report outlining the scope of the issue. “The American tax code hasn’t had a thoughtful makeover since the days of Pac-Man and […]