Wyden Hails Action to Crack Down on Wealthy Tax Cheats

Washington, D.C. — Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement after the Internal Revenue Service (IRS) released new information about its tax enforcement efforts: “Today’s announcement from the IRS makes clear that wealthy tax cheats are no longer allowed to play by a different set of rules than everyday Americans,” […]

Wyden Cheers Beginning of Medicare Drug Price Negotiation

Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today issued a statement after the Biden administration announced the ten prescription drugs covered by Medicare that will go through the negotiation process. “Today marks the beginning of a new era for seniors and families that have been breaking the bank for far too long […]

Wyden Statement on HHS Recommendation to Classify Cannabis as Schedule III Controlled Substance

Washington, D.C. – Senate Finance Committee Chairman Ron Wyden (D-Ore.) issued the following statement after reports that the U.S. Department of Health and Human Services (HHS) formally recommended that the U.S. Drug Enforcement Agency (DEA) move marijuana from Schedule I to Schedule III under the Controlled Substances Act: “Ultimately, I believe that cannabis should be […]

Wyden, Brown, Casey Urge Social Security to Improve and Simplify the SSI Application Process

Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and Finance Committee members Senators Sherrod Brown, D-Ohio, and Bob Casey, D-Pa., today urged the Social Security Administration (SSA) to simplify the Supplemental Security Income (SSI) application and to provide the application online.  “SSI claimants face significant administrative barriers to accessing this critical lifeline. In […]

Wyden Statement on Launch of IRS Paperless Processing

Washington, D.C.—Senate Finance Committee Chairman Ron Wyden, D-Ore., today released the following statement on the IRS’s launch of paperless processing, a key step in IRS modernization that will make it easier for taxpayers to interact with the IRS, cut processing times and expedite refunds:  “This is a huge step forward for the customer experience the […]

Wyden Statement on GAO Report on the Lack of Audits of Large Partnerships

Washington, D.C.—Senate Finance Committee Chairman Ron Wyden, D-Ore., today released the following statement on a new Government Accountability Office report he requested into the growing prevalence of businesses structured as large partnerships and the IRS’s struggle to ensure they pay the taxes they owe. The report, IRS Audit Processes Can Be Strengthened to Address a […]

Wyden, Crapo Announce Finance Committee Will Consider Taiwan Tax Legislation in September

Washington, D.C. – Senate Finance Committee Chairman Ron Wyden (D-Ore.) and Ranking Member Mike Crapo (R-Idaho) today released the following statement announcing that the committee will meet in September to mark up tax legislation strengthening our economic relationship with Taiwan: “Shortly after Congress returns from the upcoming state work period, the Finance Committee will convene […]

Senate Finance Committee Leaders Praise Committee Passage of Legislation to Help Lower Prescription Drug Costs

Washington, D.C. – Senate Finance Committee Chair Ron Wyden (D-Oregon) and Ranking Member Mike Crapo (R-Idaho) today lauded committee passage of the Modernizing and Ensuring PBM Accountability Act (MEPA), which was reported out of committee 26-1. The legislation brings more transparency, accountability and competition to pharmacy benefit manager practices in the drug supply chain, helping […]