Wyden Continues Investigation Into Foreign Banks Enabling U.S. Tax Evasion
Washington, D.C. – Following the release of a two-year investigation that found Credit Suisse enabled ongoing, potentially criminal tax evasion by failing to report the outflow of fortunes belonging to U.S. citizens — a violation of its 2014 plea agreement with the Department of Justice (DOJ) — Senate Finance Committee Chairman Ron Wyden (D-Ore.) expanded […]
Wyden Hearing Statement on IRA Tax Incentives to Create Jobs and Investments in Energy Communities
The Finance Committee meets this morning for our first hearing on America’s energy transformation since the Inflation Reduction Act became law. Two years ago, almost to the day, this committee voted on the Clean Energy for America Act. In writing that legislation, our lodestar was developing a technology-neutral, market-oriented energy policy in which the more […]
Bipartisan Senators Introduce Legislation to Break Up Monopoly Contract for Organ Donation Network
Washington, D.C. – Senators Ron Wyden (D-Ore.), Chuck Grassley (R-Iowa), Ben Cardin (D-Md.), Todd Young (R-Ind.), and Bill Cassidy (R-La.) today led the introduction of legislation to help break up the monopoly contract currently held by the United Network for Organ Sharing (UNOS) to manage the Organ Procurement and Transplantation Network (OPTN). “Major changes are […]
Wyden Responds to Harlan Crow, Restates Questions on Gifts to Clarence Thomas
Washington, D.C. – Senate Finance Committee Chairman Ron Wyden (D-Ore.) today responded in a new letter to billionaire Republican activist Harlan Crow’s attorney and resubmitted key questions regarding real estate transactions and gifts of luxury travel he has provided to Justice Clarence Thomas and his family over multiple decades. Crow’s attorney replied to Senator Wyden’s […]
Wyden Statement on IRS Direct Free File Study
Washington, D.C. — U.S. Senator Ron Wyden, D-Ore., today issued the following statement on the release of the feasibility study showing broad support among Americans for the IRS setting up a system that would allow taxpayers to file returns directly to the IRS online for free: “Between tricking Americans into accepting unnecessary charges and lobbying […]
Wyden Hearing Statement on House Republican IRS Funding Cuts Undermining Law Enforcement and Taxpayer Service
In recent months this committee has held three hearings, two with Commissioner Werfel and one with Secretary Yellen, in which Republicans have attacked the Inflation Reduction Act funding for the IRS. The first bill that House Republicans passed in 2023 repealed the bulk of that funding. Repeal is a centerpiece of Speaker McCarthy’s default plan, […]
Wyden Statement on Senate Floor on Republican Proposed Cuts to Medicaid
The Senate has just heard compelling arguments from the Senators from Massachusetts and Pennsylvania about the importance of Medicaid. Now I’m going to lay out three key arguments about the House Republican proposal to cut the program. Most Americans with health coverage through Medicaid are already working if they are able to. The House Republican […]
Wyden Announces Finance Committee Hearing on IRA Tax Incentives Promoting Jobs and Investment in Energy Communities
WASHINGTON, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., will convene a committee hearing on Thursday, May 18th, 2023 titled “Tax Incentives in the Inflation Reduction Act: Jobs and Investment in Energy Communities.” The hearing will take place at 10:15 a.m. in Room 215 of the Dirksen Senate Office Building. The witnesses at Thursday’s […]
Wyden Announces Finance Committee Hearing on House Republican IRS Funding Cuts Impacting Federal Law Enforcement
WASHINGTON, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., will convene a committee hearing on Tuesday, May 16th, 2023 titled “House Republican Supplemental IRS Funding Cuts: Analyzing the Impact on Federal Law Enforcement and the Federal Deficit.” The hearing will take place at 10:00 a.m. in Room 215 of the Dirksen Senate Office Building. […]
Wyden Statement on IRS Letter on Racial Bias in Audits
Washington, D.C.—Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement on IRS Commissioner Werfel’s letter regarding racial bias in audits: “Researchers did a great service spotting the racial bias in the algorithms that guide audit selection, and even before Commissioner Werfel was confirmed by the Senate, he pledged that he’d get to […]