Wyden Statement on Launch of Indo-Pacific Economic Framework
Washington, D.C. — Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement, praising President Biden’s announcement of new discussions with economic partners in the Indo-Pacific region to strengthen supply chains and create a more resilient economy for American workers and families. “The Indo-Pacific Economic Framework is a chance for the U.S. and […]
Wyden Statement on GAO Report on Tax, Demographic Data
Washington, D.C.—Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement in response to a Government Accountability Office report he requested, Tax Equity: Lack of Data Limits Ability to Analyze Effects of Tax Policies on Households by Demographic Characteristics: “Policy is most often made through the tax code, but we don’t have concrete […]
Wyden Launches Investigation Of Abbot Tax, Stock Buyback Practices
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today launched an investigation into Abbott’s tax practices, and whether the company used its windfall from Republicans’ 2017 tax cuts to enrich executives and shareholders, rather than ensure the safety of the manufacturing plant that produces infant formula. Since the passage of the 2017 Republican […]
Wyden, Portman Introduce Bipartisan Bill to Disallow Foreign Tax Credits and Other Tax Benefits for Companies Operating in Russia
Washington, D.C.—Senate Finance Committee Chair Ron Wyden, D-Ore., and Senate Finance Committee Member Rob Portman, R-Ohio, today introduced legislation to disallow Foreign Tax Credits for companies that pay taxes to the Russian government, and other tax benefits. “American taxpayers should not subsidize the Russian war machine. Vladimir Putin continues to bomb civilians, and credible reports […]
Bipartisan Senate Finance Committee Members Call For Improved Transparency from U.S. Trade Representative; Cite Failure to Consult with Congress on Recent Trade Negotiations
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., Ranking Member Mike Crapo, R-Idaho, and Sen. Bob Menendez, D-N.J., today called on the U.S. Trade Representative to dramatically improve transparency and consultation with Congress on pending trade negotiations, in a letter sent today with Senators Charles Grassley, R-Iowa, Catherine Cortez Masto, D-Nev., and Ben […]
Suspension of 232 Tariffs on Ukrainian Steel
Washington, D.C. — Senate Finance Committee Chair Ron Wyden, D-Ore., today praised Commerce Secretary Gina Raimondo’s announcement that the United States will suspend 232 tariffs on Ukrainian steel products: “As Ukraine continues to valiantly fend off Russia’s brutal invasion, it is important that the United States do everything it can to support the Ukrainian economy,” Wyden said. […]
Wyden Delivers Floor Remarks Honoring Senator Orrin Hatch’s Legacy on the Senate Finance Committee
Madam President, I come to the Senate floor today to speak about Senator Orrin Hatch, my partner leading the Senate Finance Committee for five years. The Senate deeply mourns his passing. I would like to take some time today to reflect on the important work he did serving Utahns and all Americans, particularly as it […]
Wyden, Bennet, Colleagues Urge Full Funding of Unemployment Insurance Administration
Washington, D.C.— Senate Finance Committee Chair Ron Wyden, D-Ore., and Senate Finance Committee Member Michael F. Bennet, D-Colo., and 18 colleagues today urged the Appropriations Committee to fully fund President Biden’s request for the administration of unemployment insurance. The significant challenges states faced in distributing unemployment insurance during the pandemic demonstrated the need to increase […]
Wyden Statement on Selection for Competition Legislation Conference Committee
Washington, D.C. — Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement, after being named to the conference committee to finalize legislation boosting America’s economic competitiveness and address supply chain issues: “This legislation has the potential to unlock American innovation, and red-white-and-blue jobs, as long as Congress gets it right. The Senate’s […]
Wyden Statement at Finance Committee Hearing with IRS Commissioner Rettig
This morning the Finance Committee meets to discuss the IRS budget for the year ahead and the filing season that’s winding down later this month. Around the country are millions and millions of families who are feeling the pressure of rising prices. This year in particular, people are counting on getting their tax refunds to […]