Wyden Statement on Low-Income Communities Bonus Credit Program Applications
Washington, D.C. — Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement after the U.S. Department of the Treasury, U.S. Department of Energy, and Internal Revenue Service announced that applications for the Low-Income Communities Bonus Credit program under Section 48(e) of the Internal Revenue Code will open at 9 a.m. ET on […]
Wyden, Grassley, Cardin, Young, Cassidy Cheer Organ Transplant Legislation Becoming Law
Washington, D.C. – U.S. Senators Ron Wyden, D-Ore., Chuck Grassley, R- Iowa, Ben Cardin, D-Md., Todd Young, R-Ind., Bill Cassidy M.D., R-La., today celebrated the signing into law of H.R. 2544, the Securing the U.S. Organ Procurement and Transplantation Network Act. The legislation passed Congress unanimously at the end of July. “This is a banner […]
Wyden Announces Finance Committee Hearing to Consider Nominations for Internal Revenue Service Chief Counsel, Public Trustees of the Social Security and Medicare Trust Funds
WASHINGTON, D.C. – Senate Finance Committee Chairman Ron Wyden, D-Ore., will convene a committee hearing on Thursday, September 28, 2023 to consider Internal Revenue Service and public trustee nominations. The hearing will take place at 10:00 a.m. in Room 215 of the Dirksen Senate Office Building. The following nominees are scheduled to testify: Marjorie Rollinson […]
Wyden and Pallone Issue Statement on CMS Action to Prevent and Fix Incorrect Medicaid Terminations
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and House Energy and Commerce Ranking Member Frank Pallone, Jr., D-N.J., today issued a statement after CMS announced that 30 states are experiencing a systems issue that is leading to children and families being inappropriately disenrolled from Medicaid during the Medicaid unwinding process: “Today’s announcement […]
Wyden Commends IRS for Plans to Increase Focus on High Income Tax Cheats and Increase Equity in Audit Selection
Washington, D.C. — Senate Finance Committee Chairman Ron Wyden, D-Ore., issued the following statement on IRS Commissioner Werfel’s letter regarding the ongoing efforts of the IRS to rebalance its enforcement activities: “I’m pleased to see the IRS using the enforcement funding from the Inflation Reduction Act to help lower-income taxpayers catch mistakes from the start […]
Wyden Statement at Finance Committee Markup of U.S.-Taiwan Tax Bill
The Finance Committee has convened today to vote on bipartisan tax legislation, the U.S.-Taiwan Expedited Double Tax Relief Act. This legislation relieves double taxation on investment between the United States and Taiwan, strengthening our nations’ partnership. Today’s legislation has been developed jointly by myself and Ranking Member Crapo, along with Ways and Means Chairman Smith […]
Wyden Marks Beginning of Medicare Negotiation to Lower the Cost of Prescription Drugs
I come to the floor to mark a key milestone in the effort to lower the price of prescription drugs for American seniors and families. While most Americans were preparing for Labor Day weekend in late August, the Centers for Medicare and Medicaid Services announced the first ten prescription drugs covered by Medicare that will […]
Wyden Calls for Expansion of Child Tax Credit
Washington, D.C. — Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement after the U.S. Census Bureau released new data showing child poverty more than doubled after the expiration of the enhanced child tax credit: “Today’s devastating news shows in numbers what Democrats have said all along — the enhanced child tax […]
Wyden, Brown, Cassidy Announce First Bipartisan, Bicameral Bill in Decades to Update Supplemental Security Income Program
WASHINGTON, D.C. – Today U.S. Senate Finance Committee Chairman Ron Wyden (D-OR) joined Senators Sherrod Brown (D-OH) and Bill Cassidy (R-LA) to announce the first bipartisan, bicameral push in decades to reform the Supplemental Security Income (SSI) program, which has not been updated in nearly 40 years and currently punishes older and disabled Americans for saving […]
Finance Committee to Markup Bipartisan Legislation Relieving Double-Taxation of Investments between the United States and Taiwan
WASHINGTON – Senate Finance Committee Chair Ron Wyden, D-Ore., will convene a business meeting on Thursday, September 14, to favorably report the U.S.-Taiwan Expedited Double Tax Relief Act. The meeting will take place at 10:00 a.m. in Room 215 of the Dirksen Senate Office Building. The legislation, sponsored by Wyden and Finance Committee Ranking Member […]