Wyden Delivers Floor Speech in Support of the Inflation Reduction Act
The Senate is at the beginning of a long debate that’s long overdue. At its center is the Inflation Reduction Act, which goes after some of the biggest challenges facing the American people today. This bill is made up of proposals that have been in the works for many years — most of which comes […]
Wyden Statement on Parliamentarian Drug Pricing Rulings
Senate Finance Committee Chair Ron Wyden, D-Ore., today issued a statement following the Senate Parliamentarian’s rulings on the compliance of Senate Democrats’ reconciliation language related to prescription drug pricing reform: “Senate Democrats wrote our reconciliation language to comply with Senate rules, and the parliamentarian has largely agreed, especially on groundbreaking Medicare negotiation and cost protections […]
Wyden Releases New Data Showing Rock-Bottom Tax Rates Paid By Companies Subject To Minimum Tax
Washington, D.C.—Senate Finance Committee Chair Ron Wyden, D-Ore., today released new data provided by the Joint Committee on Taxation (JCT) showing the rock-bottom effective tax rates paid by hugely profitable companies that would potentially be subject to the minimum corporate tax, based on recent financial statement income and effective tax rate requirements. In 2019, between 100 to 125 corporations had financial statement income of greater […]
Wyden Statement at Finance Committee Hearing on the Urgent Need to Address Failures in the Organ Transplant System
The last place anybody wants to hear about gross mismanagement and incompetence is in the business of saving lives. That’s precisely and unfortunately what the Finance Committee meets to discuss today. This morning’s hearing is an update on an investigation Senator Grassley and I, along with Senator Cardin and Senator Young, have been conducting for […]
Wyden, Warren Release New Data Showing Big Pharma, Tech, Apparel Companies Pay Corporate Minimum Tax
Republicans misleadingly claim that ‘American manufacturers’ pay half of corporate minimum tax to shield well-known tax dodgers operating offshore Washington, D.C.—In response to Finance Committee Republicans release of misleading data suggesting the corporate minimum tax was primarily a tax on “American manufacturers,” Senate Finance Committee Chair Ron Wyden, D-Ore., and Senator Elizabeth Warren, D-Mass., today […]
Wyden Statement at Finance Committee Hearing to Consider USTR Chief Agricultural Negotiator Nominee
The committee meets this morning to discuss the nomination of Mr. Doug McKalip to serve as the Chief Agricultural Negotiator within the Office of the United States Trade Representative. Mr. McKalip brings nearly 30 years of federal public service to his nomination, including in a variety of roles focused on ag policy and the well-being […]
Finance Committee to Hold Hearing on the Need to Fix the Organ Transplant System
WASHINGTON, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., will convene a hearing on Wednesday, August 3, 2022, to address the need to repair the U.S. organ procurement and transplant system. The hearing will take place at 2:30 p.m. in Room 215 of the Dirksen Senate Office Building. The witnesses at Wednesday’s hearing will […]
Wyden Demands Merck, Abbot Comply with Senate Finance Committee Investigation
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today demanded Merck and Abbott comply with the Senate Finance Committee’s investigation into the tax practices of Big Pharma. The companies have thus far stonewalled the committee and refused to provide specific information related to where it books profits from U.S. drug sales. This includes […]
Schumer, Wyden, Booker Introduce Cannabis Administration And Opportunity Act
The Comprehensive Legislation Would End Federal Cannabis Prohibition By Removing Cannabis From The Controlled Substances Act; Empower States To Create Their Own Cannabis Laws; Ensure Federal Regulation Protects Public Health And Safety; And Prioritize Restorative And Economic Justice Senators Refined And Expanded Their Discussion Draft Released Last Year After Receiving More Than 1,800 Comments And Working With Various Senate Committees Cannabis Administration And Opportunity Act: Text Can Be […]
Wyden, Brown, Casey Urge Social Security to Include Children in Eligibility Outreach Programs
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., Social Security, Pensions, and Family Policy Subcommittee Chair Sherrod Brown, D-Ohio, and Senate Special Committee on Aging Chair Bob Casey, D-Pa., today urged the Social Security Administration (SSA) to incorporate children in ongoing outreach efforts, to help families eligible for Supplemental Security Income (SSI). “We […]