Wyden Statement on IRS Tax Gap Report
Washington, D.C.— Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement on the new IRS Tax Gap report: “With at least half a trillion in unpaid taxes annually, the new IRS Tax Gap estimates confirm the urgent need for investments in the IRS to ensure taxes owed are taxes paid. “Importantly, IRS […]
Wyden Announces Finance Committee Staff Changes
Washington, D.C.—Senate Finance Committee Chair Ron Wyden, D-Ore., today announced key committee staff changes. “The Finance Committee’s tax team is the best in the business. The Inflation Reduction Act would not have gotten across the finish line without this team’s expertise and dedication,” said Wyden. “Our staff prepared for every eventuality, and pivoted time and […]
Wyden Continues Investigation Into Kushner Conflicts of Interest, Influence on U.S. Foreign Policy
Washington, D.C. – In light of new testimony in federal court by former Secretary of State Rex Tillerson and the decision by OPEC+ to reduce oil production, Senate Finance Committee Chair Ron Wyden, D-Ore., today continued his investigation into whether Jared Kushner’s financial conflicts of interest have influenced U.S. foreign policy, with a letter to […]
Wyden, Neal Applaud Biden Administration for “Family Glitch” Fix, Lowering Health Care Costs for American Families
WASHINGTON, DC—Today, House Ways and Means Committee Chairman Richard E. Neal (D-MA) and Senate Finance Committee Chairman Ron Wyden (D-OR) applauded the final regulation issued by the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) that will bring down health insurance costs for Americans with unaffordable employer-sponsored coverage by fixing the so-called […]
Wyden Statement on the Biden Administration Executive Action on Cannabis
Senate Finance Committee Chair Ron Wyden, D-Ore., issued the following statement on the Biden administration’s executive action on cannabis: “Today is a huge step forward in the fight to restore lives destroyed by the criminalization of cannabis. I echo President Biden’s call for states to do the same and repair harms done by the failed War on Drugs by […]
Wyden Hails Start of Cost Containment Measures for Prescription Drugs Covered by Medicare
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today hailed the start of several of the Inflation Reduction Act’s prescription drug provisions, in particular the policy that will force drug companies to pay a rebate back to Medicare if the price of a product rises faster than the rate of inflation. “Starting this […]
Wyden Outlines IRS Funding Priorities
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today outlined his priorities for IRS funding in the Inflation Reduction Act to Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig. For example, Wyden highlighted the need to crackdown on offshore tax evasion, as highlighted by the committee’s recent report: The Shell Bank Loophole. […]
Wyden Cheers Lower Medicare Premiums for Seniors
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today issued a statement after President Joe Biden announced that Medicare Part B premiums would go down next year. “I am very pleased that older Americans will see lower health care costs next year,” Wyden said. “Medicare Part B, which primarily pays for visits to the doctor […]
Wyden, Brown to Speak on Social Security in the Face of Republican Attacks, Attempts to End the Program
WASHINGTON, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and Social Security, Pensions, and Family Policy Subcommittee Chair Sherrod Brown, D-Ohio, will hold a colloquy on Social Security on Tuesday, September 27, 2022. This comes after several Republican members in the House and Senate have made proposals to undermine the retirement security Americans have […]
Democratic Leaders File Amicus Brief in Case that Could Curtail the Ability of Individuals to Enforce Their Rights to Federal Programs in Court
Washington, D.C. – House and Senate leaders submitted an amicus brief to the U.S. Supreme Court in the case of Health and Hospital Corp. of Marion County v. Talevski. The Democrats wrote in support of the ability of individuals to use federal courts to enforce the requirements of certain federal programs, including Medicaid, the Supplemental Nutrition Assistance […]