Wyden, Warren Press Treasury and IRS on Rushed Transition to ID.me for Savings Bond Investors
Senators Demand Answers on Privacy Concerns and Request Delay for New Facial Recognition Login Requirement Text of the Letter (PDF) Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senate Banking, Housing, and Urban Affairs Committee Ranking Member Elizabeth Warren, D-Mass., today demanded the Department of the Treasury halt a rushed transition to […]
Wyden Urges Trump Administration to Crack Down on Major Investment Tax Loophole Used by the Ultra-Wealthy
Text of the Letter (PDF) Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., called on the Treasury Department and Internal Revenue Service (IRS) to crack down on a tax avoidance scheme known as tax-aware long-short investing which is growing in popularity and shielding billions in wealth from federal taxes. “I am alarmed by […]
Amid AI Boom, Wyden Unveils Proposals to Ensure Wage Security, Fair Contributions from Data Centers
New Draft Legislation from Finance Ranking Member, Leader Schumer, Senators Bennet and Warren, Improves and Expands Unemployment Insurance and Provides Additional Wage Security for Workers Displaced by AI Disruption. Wyden Also Touts Bill to Eliminate Unnecessary Federal Tax Breaks for Data Center Construction, Establish Excise Tax for Data Centers to Fund Worker Assistance. Washington, D.C. […]
Wyden on Trump Pausing Some Canada Tariffs Ahead of Election: Americans Are Rejecting Trump’s Desperate, Politicized Stunts, Demand End to Arbitrary Tariff Moves
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., released the following statement in response to Donald Trump’s decision to pause certain tariffs Americans are paying on products from Canada. “Trump’s desperate, eleventh hour attempt to save Susan Collins’ political career is an admission that American voters are rejecting his toxic tariff policies. […]
Wyden Report Shows Success of IRA’s Direct Pay Program
Newly Released IRS Data Shows Unprecedented Clean Energy Boom Under IRA Direct Pay Program, Makes Case for Reinstatement, Wyden Says Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released previously undisclosed Internal Revenue Service (IRS) data showing that in the first two years of the Inflation Reduction Act’s (IRA) Direct Pay […]
Wyden Probes ‘Big Four’ Accounting Firm CEOs On Offshore Tax Shelter Consulting
Big Four Accounting Firms Have Reportedly Advised Clients to Use Maltese Tax Shelters to Avoid Billions in Taxes Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today launched an inquiry into reports of the “big four” accounting firms advising major clients in the United States and European Union to create tax shelters […]
Wyden, Senate Democrats Expose Shortfalls and Stonewalling Among For-Profit Medicaid Contractors Ahead of Massive Disenrollment Caused By Republican Health Care Cuts
Interim Report Sounds Alarm on Rushed Implementation of Draconian Enrollment and Eligibility Policies; While Taxpayers Fund a Windfall for For-Profit Consulting Firms, Millions Stand to Lose Coverage Amid Error-Prone Systems Text of the Report (PDF) Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senators Elizabeth Warren, D-Mass., and Raphael Warnock, D-Ga., […]
Wyden Seeks Input on Major Overhaul of Long-Term Care In America
Text of the RFI (PDF) Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released a comprehensive request for information on a range of policy proposals aimed at improving long-term care for all Americans, including creating an affordable home care guarantee. “Long-term care and the decisions that surround it are among the […]
Wyden, Whitehouse, Warren, Cortez Masto, Hassan, Luján, Welch, Question Meta’s Use of Billions in Research and Development Tax Credits to Subsidize Its AI Data Center Construction Boom
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., along with Senators Sheldon Whitehouse, R.I., Elizabeth Warren, Mass., Catherine Cortez Masto, Nev., Maggie Hassan, N.H., Ben Ray Luján, N.M., and Peter Welch, Vt., called on Meta to justify its use of billions in federal research and development tax credits to fund its rapid […]
Republican Health Care Cuts are Decimating American Families
Text of the Report (PDF) Washington, D.C. – Senate Finance Committee (Committee) Ranking Member Ron Wyden, D-Ore., and House Energy and Commerce Committee Ranking Member Frank Pallone, Jr., D-N.J., today released their latest report spotlighting the consequences of Donald Trump and Republicans’ health care cuts, with a focus on the fallout of the Republican Big […]