Wyden Calls for Retirement Savings Policy that Works for America’s Middle Class
WASHINGTON –Senate Finance Committee Chairman Ron Wyden, D-Ore., at a hearing today said the incentives for saving in the tax code are not getting to the people who need them most. Wyden also raised the issue of executives and millionaires storing massive amounts of money in IRAs as a misuse of the system and should […]
Wyden Hearing Statement on Retirement Savings and Tax Reform
Take a look at the state of retirement savings in the U.S., and it’s clear that something is out of whack. The American taxpayer delivers $140 billion each year subsidizing retirement accounts, but millions of Americans are nearing retirement with little or nothing saved. The incentives for savings in the tax code are not getting […]
Hatch Statement at Finance Hearing on Retirement Savings
WASHINGTON – U.S. Senator Orrin Hatch (R-Utah), Ranking Member of the Senate Finance Committee, today delivered the following opening statement at a committee hearing on retirement savings: Thank you Mr. Chairman for holding today’s hearing. This is an important topic and we have an outstanding panel of witnesses. I think that we’re going to […]
Wyden Statement on Tax Extenders
WASHINGTON – Senate Finance Committee Chairman Ron Wyden, D-Ore., today issued the following statement on the need to renew expired tax provisions to give certainty and relief to American workers and businesses: “Today, American businesses of all sizes are making their required quarterly tax payments to the IRS and trying to chart their path forward for […]
Hatch, Upton Press CMS on Arkansas Waiver Expanding Medicaid Under Health Care Law
WASHINGTON, DC – Senate Finance Committee Ranking Member Orrin Hatch (R-UT) and House Energy and Commerce Committee Chairman Fred Upton (R-MI), today sent Centers for Medicare & Medicaid Services (CMS) Administrator Marilyn Tavenner a letter asking for clarification regarding CMS’s issuance of a waiver pertaining to Arkansas’ Medicaid program. The letter follows a new Government Accountability […]
Wyden Statement on ITC Digital Trade Report
WASHINGTON – Senate Finance Committee Chairman Ron Wyden, D-Ore., today issued a statement following the release of the U.S. International Trade Commission’s (ITC) report on Digital Trade in the U.S. and Global Economies: “I welcome the U.S. International Trade Commission’s (ITC) report on Digital Trade in the U.S. and Global Economies. The ITC surveyed the 21st […]
Hatch: Administration Wrong to Play Politics with Inversions
WASHINGTON – In a speech at the U.S. Chamber of Commerce today, Finance Committee Ranking Member Orrin Hatch (R-Utah) criticized the Obama Administration for attempting to politicize the recent uptick in corporate inversions and called for bipartisan congressional talks to continue. Hatch reiterated his support for an overhaul of the tax code and said […]
Hatch Pension Overhaul Plan Receives Top Grade From The Urban Institute
WASHINGTON – The Secure Annuities for Employee (SAFE) Retirement Act, legislation to strengthen and reform the public and private pension benefit system, was recognized as a top proposal to effectively address the nation’s public pension debt crisis by the Urban Institute today. Authored by Finance Committee Ranking Member Orrin Hatch (R-Utah), the measure (S. 1270) […]
Wyden Statement on Addressing Inversions
Senate Finance Committee Chairman Ron Wyden, D-Ore., today issued the following statement on discussions with Senator Hatch to address corporate inversions: “Following efforts in August, it’s clear there is an opportunity for bipartisan agreement on short-term legislation that will make inversions less attractive. We continue to work closely with Senator Hatch and his staff to […]
Wyden Applauds Senate Confirmation of Social Security Advisory Board Nominees
WASHINGTON –Senate Finance Committee Chairman Ron Wyden, D-Ore., yesterday led the Senate to confirm three nominees to the Social Security Advisory Board (SSAB): Drs. Henry Aaron, Lanhee Chen and Alan Cohen. Henry Aaron passed with a vote of 54-43. Lanhee Chen and Alan Cohen passed by voice vote. “I am pleased the Senate has acted […]