Wyden Statement on the Biden Administration’s Final Proposal to Undo the Harmful Trump-era “Public Charge” Rule
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., issued the following statement on the Biden administration’s final rule to ensure that noncitizens will not suffer harmful immigration consequences for receiving health and other benefits (such as nutrition assistance) they qualify for: “Our communities are healthier when everyone has access to health care. I commend the Biden administration for restoring humanity and decency and ending the harmful […]
Wyden, Crapo Introduce Bill to Bolster Retirement Savings
Washington, D.C. – Senate Finance Committee Chair and Ranking Member, Senator Ron Wyden, D-Ore., and Senator Mike Crapo, R-Idaho, today introduced the bipartisan Enhancing American Retirement Now (EARN) Act to bolster retirement savings. These proposals were considered by the Finance Committee in a markup in June, and are now being introduced as legislative text. “The […]
Wyden Speaks Against Republican Efforts to Protect Wealthy Tax Cheats
Mr. President, it’s time for a reality check here in the United States Senate. The far right has an awful lot to say about the IRS these days. Even Senators — who should know better — are spinning wild fantasies about 87,000 agents who are armed to the teeth and coming to the doors of innocent […]
Finance Committee Favorably Reports Nomination of Doug McKalip to serve as Chief Agricultural Negotiator
WASHINGTON, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., announced the committee favorably reported Doug McKalip to serve as the Chief Agricultural Negotiator within the Office of the United States Trade Representative, by a vote of 27-0. “Smart trade policy is one important solution to hunger in the 21st century — a policy that […]
Wyden Statement at Finance Committee Open Executive Session to Consider Chief Agricultural Negotiator
The Finance Committee meets this morning to vote on the nomination of Mr. Doug McKalip to serve as the Chief Agricultural Negotiator within the Office of the United States Trade Representative. First, a word on Mr. McKalip’s extensive qualifications for this job. Doug McKalip is a public servant with nearly 30 years of experience in […]
Finance Committee to Consider Favorably Reporting Chief Agricultural Negotiator Nominee
WASHINGTON, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., will convene an open executive session on Wednesday, September 7, 2022, to consider favorably reporting the nomination of Douglas J. McKalip to be Chief Agricultural Negotiator. The hearing will take place at 10:00 a.m. in Room 215 of the Dirksen Senate Office Building. Who: Senate […]
Wyden Investigation Uncovers Major Loophole In Offshore Account Reporting
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today released the findings of a year-long investigation into the largest alleged individual tax evasion scheme in U.S. history. The investigation uncovered the “shell bank” loophole in the Foreign Account Tax Compliance Act (FATCA), a loophole that allows banks offshore to accept funds from U.S. […]
Wyden Probes Deceptive Marketing Practices by Medicare Advantage Plans
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today launched an inquiry into potentially deceptive marketing tactics practiced by Medicare Advantage plans that may take advantage of seniors looking for Medicare coverage. Wyden sent letters to 15 state insurance commissioners and state health insurance assistance programs requesting data about Medicare Advantage marketing complaints […]
Wyden Launches Investigation Into Private Placement Life Insurance Schemes
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today launched an investigation into the growing use of private placement life insurance by the wealthiest Americans to avoid and evade taxes. Wyden began the investigation with a letter to Lombard International, a subsidiary of private equity giant Blackstone. Wyden wrote, “Lombard International (Lombard) is […]
Wyden Unveils Taxing Big Oil Profiteers Act
Washington, D.C. – Senate Finance Chair Ron Wyden, D-Ore., today unveiled the Taxing Big Oil Profiteers Act. The bill would double the tax rate of Big Oil’s excess profits, impose an excise tax on stock buybacks benefiting wealthy shareholders, and close one of Big Oil’s favorite tax loopholes. The bill is also sponsored by Senators […]