Wyden Calls on Senate to Pass Bipartisan Tax Bill, Says Kids & Small Businesses Cannot Wait on Senate Republicans
It’s Tax Day in America. Millions of parents and thousands of innovative small business owners are wondering why Senate Republicans are sitting on bipartisan legislation that would help them get ahead. Here’s what Americans at home and small business owners trying to make payroll need to know. The bill on offer here in the Senate […]
Wyden Statement on Looming Small Business Failures if Senate Republicans Block the Tax Relief for American Families and Workers Act
Senate Finance Committee Chair Ron Wyden, D-Ore., today released new data from the Treasury Department on the potential harm facing small businesses, particularly those that invest heavily in research and development, if the Senate fails to act on the Tax Relief for American Families and Workers Act: Overall, nearly 4 million small businesses could be […]
Wyden Hearing Statement on Updating and Strengthening Medicare for Seniors
This morning the Finance Committee gathers to discuss how to update and strengthen Medicare’s guarantee of high-quality health benefits for the next generation of America’s seniors. Colleagues, I want to be clear from the outset: traditional Medicare is falling behind when it comes to helping seniors manage their health when they are living with multiple […]
Wyden Statement on Medicare Advantage and Part D Final Rule
Senate Finance Committee Chair Ron Wyden, D-Ore., today issued a statement after the Centers for Medicare & Medicaid Services (CMS) issued a final rule related to Medicare Advantage and Part D that included a number of policy changes recommended by Wyden: “This announcement is a big win for seniors because it strengthens protections against deceptive […]
Wyden Launches Investigation of Potential Ongoing U.S. Tax Evasion at Swiss Bank Pictet, Bank’s Deferred Prosecution Agreement
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today launched an investigation into the Geneva-based multinational bank Pictet to determine whether it is abetting tax evasion on an ongoing basis by a U.S. citizen under criminal investigation and whether this conduct is covered by the $123 million fine Pictet paid as part of […]
Wyden Statement on Treasury Budget Proposal, Senate Debate on Tax Bill
This morning the Finance Committee welcomes Treasury Secretary Janet Yellen for a hearing on the budget. This hearing always covers a range of economic issues, so I want to start with a look at the state of the economy as we meet here this morning. Right now, the U.S. has the strongest major economy in […]
Wyden Statement at Finance Committee Hearing on President Biden’s Social Security Administration Budget
Today, the Finance Committee meets to discuss the Biden administration’s commitment to protecting and strengthening Social Security. Thank you, Commissioner O’Malley, for joining us. Commissioner, you’re not even 100 days into your time in office, and already, you’ve taken more concrete action to help seniors and improve operations in your administration than most of your […]
Wyden, King Introduce Bill to Close Major Tax Loophole Involving High-Value Trusts
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and Senator Angus King, I-Maine, introduced legislation today that would crack down on schemes involving the abuse of certain high-value trusts by ultra-wealthy individuals to avoid income, gift and estate taxes. The Getting Rid of Abusive Trusts Act would close a loophole and modify rules […]
Wyden, Whitehouse Seek Justice Department Records on Trump Admin Interference That Reportedly Halted Caterpillar Investigation
Washington, D.C. – Senate Finance Committee Chairman Ron Wyden, D-Ore., and Budget Committee Chairman Sheldon Whitehouse, D-R.I., sent a letter on Thursday to Attorney General Merrick Garland seeking information and documents pertaining to alleged interference by senior Trump officials in a criminal investigation into corporate behemoth Caterpillar (CAT), the subject of a multibillion-dollar tax dispute. […]
Wyden, Crapo Call for Swift Passage of Bipartisan PBM Reforms
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and Ranking Member Mike Crapo R-Idaho, today renewed their call for the passage of their bipartisan legislation to crack down on pharmacy benefit managers (PBMs) and their shadowy tactics that are driving up the cost of prescription drugs and forcing pharmacies across the country to […]