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 The first bill that House Republicans passed in 2023 repealed the bulk of that funding.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 […]
Wyden Statement on New Solar Domestic Content Rules
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement on the Treasury Department’s new proposed regulations pertaining to solar domestic content requirements under the Inflation Reduction Act: “America’s solar energy supply chain is only beginning to recover after the Chinese government and others nearly wiped out solar manufacturing in this […]
Wyden Hearing Statement on Big Pharma’s Tax Avoidance Schemes
The Finance Committee meets this morning to discuss the highly intricate tax schemes of some of the largest U.S. pharmaceutical companies, and the immense handouts those companies got from the 2017 Republican tax law. In short, it goes like this. When most Americans travel to some faraway land, they get a sun tan. When Big […]
Wyden Releases New Findings in Ongoing Pharma Tax Investigation
Washington, D.C. – Senate Finance Committee Chairman Ron Wyden (D-Ore.) today released a new Democratic staff memorandum with updated findings from his ongoing investigation into Big Pharma’s tax practices. The memorandum reveals for the first time the full extent of the tax break Republicans handed Big Pharma in their 2017 tax law: Big Pharma’s average […]
Wyden, Crapo, Neal, Smith Announce Bipartisan, Bicameral Effort to Extend Tax Preferences to Taiwan
WASHINGTON, DC— Senate Finance Committee Chairman Ron Wyden (D-OR), Senate Finance Committee Ranking Member Mike Crapo (R-ID), House Ways & Means Committee Ranking Member Richard E. Neal (D-MA), and House Ways & Means Committee Chairman Jason Smith (R-MO) released the following statement on a bipartisan, bicameral effort to alleviate double taxation between the United States […]
Wyden Statement on Harlan Crow Stonewalling Committee Inquiry
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement in response to the letter he received from an attorney representing billionaire Republican activist Harlan Crow: “I was disappointed but unsurprised by billionaire Republican activist Harlan Crow’s refusal to respond to my questions about the gifts he’s lavished on Justice […]