Ranking Member's News

02.26.19

Wyden Statement at Finance Committee Hearing on Drug Prices with Pharma CEOs

Prescription drugs did not become outrageously expensive by accident. It's not the result of a system too complicated for Americans to comprehend. Drug prices are astronomically high because that's where pharmaceutical companies and their investors want them. The brakes have come off pharmaceutical pricing, and American families are hurtling along in the passenger seat terrified of what comes next. Today the committee will hear uplifting stories about miracle cures, but it is morally repugnant … Continue Reading


02.21.19

Wyden, Pallone Call on Trump Administration to Stop Allowing Harmful Medicaid Waivers

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and House Energy & Commerce Committee Chairman Frank Pallone, Jr., D-N.J., today warned the Trump Administration against the ongoing promotion and approval of harmful Medicaid waivers, citing the significant coverage losses taking place in states like Arkansas and the Administration's failure to appropriately track or evaluate the impact of the misguided policies. "Medicaid 1115 waiver demonstrations that adopt re… Continue Reading


02.19.19

Wyden Calls for Immediate Release of Commerce Report on Potential Auto Tariffs

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement after the White House refused to release an investigation report on whether imported autos represent a threat to national security: "American families, small businesses, farmers and ranchers have a right to know what Donald Trump is considering when it comes to slapping tariffs on cars and trucks and even on parts used to assemble autos in the U.S. To me, the notion that importing … Continue Reading


02.19.19

Wyden, Markey Laud Independence at Home Savings for Taxpayers

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senator Ed Markey, D-Mass., today celebrated new data from the Centers for Medicare & Medicaid Services (CMS) showing strong third year results from the Independence at Home Demonstration, which provides primary care services to Medicare beneficiaries in their homes. "Now in its third year, Independence at Home continues to show great promise for American seniors who want care in the comfort of their home," Wy… Continue Reading


02.15.19

Wyden, Schumer & Senate Dems: Americans Facing Surprise Tax Bills Should Not be Penalized for Treasury's Withholding Mistakes

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., Senate Democratic Leader Chuck Schumer, D-N.Y., along with 38 other Senate Democrats today wrote to the administration calling for the IRS to waive penalty fees associated with surprise tax bills many working Americans are facing due to actions taken by the Treasury in early 2018. Following the enactment of the new Trump tax law, the Treasury Department chose to under-withhold taxes from nearly 30 million taxpayers, ac… Continue Reading


02.14.19

Senate Democrats Call for Tax Code to Recognize Marriage Equality

Washington, D.C. - This Valentine's Day, Senate Finance Committee Ranking Member Ron Wyden, D-Ore., introduced legislation providing equal dignity in the tax code for all legal marriages. The Equal Dignity for Married Taxpayers Act, which is cosponsored by every member of the Senate Democratic caucus, protects LGBTQ+ Americans from inequality and discrimination by removing gender-specific references to marriage in the tax code. "Marriage equality is the law of the land, but the tax code still r… Continue Reading


02.13.19

Wyden Releases Drug Proposals on Transparency and Consumer Protection

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today introduced three bills that will help bring transparency to the opaque, broken drug pricing system and bolster consumer protections for seniors with high drug costs. "Drug companies and their middlemen operate in the dark as they extract profits from taxpayers and working families that are struggling to afford medicine," Wyden said. "These bills represent the bare minimum of what's required to pull back the curt… Continue Reading


02.12.19

Wyden Warns Trump: Accept Funding Agreement or Risk Delaying Tax Refunds

With IRS funding expiring on Friday and the president still wavering on the bipartisan spending agreement announced last night, Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) today warned that another Trump shutdown could paralyze the IRS during tax filing season, add to the existing backlog of correspondence and potentially delay refunds. "Donald Trump may not understand how important tax refunds are to most Americans, but you can bet he'll find out if he axes this funding agree… Continue Reading


02.08.19

Wyden, Murray Raise Health Privacy Concerns in Trump HIPAA Proposal

Washington, D.C. - Senator Ron Wyden, D-Ore., and Senate Health, Education, Labor and Pensions (HELP) Committee Ranking Member Patty Murray, D-Wash., today called on the Trump Administration to explain its policies regarding disclosure of protected health information amid new efforts by the Department of Health and Human Services (HHS) to change the Health Insurance Portability and Accountability Act (HIPAA) rules to make people's medical records more readily available to other individuals and o… Continue Reading


02.08.19

Wyden Introduces S. 420 to Legalize Cannabis

Legislative package also empowers states to implement own marijuana laws Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today announced introduction of S. 420, the Marijuana Revenue and Regulation Act, legislation that would responsibly legalize, tax and regulate marijuana at the federal level. This legislation is one of three bills introduced in the Senate by Wyden and introduced in the House of Representatives by senior member of the House Ways and Means Commi… Continue Reading


02.07.19

Wyden to Treasury: Don't Penalize Taxpayers For Administration's Mistakes on Withholding

As Prepared for Delivery M. President, the first tax filing season under Trump's tax law is upon us, and it looks like a whole lot of chickens are coming home to roost. Republicans jammed their bill through the Congress at record speed. Pile-driver legislating. The bill was signed into law with a whopping nine days to go before the 2018 tax year was set to begin. And after all that hurry, there were bound to be serious problems. There's a big one a lot of Americans are reportedly waking up to,… Continue Reading


02.06.19

Wyden, Blunt Introduce Craft Beverage Modernization and Tax Reform Act

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senator Roy Blunt, R-Mo., today introduced legislation to help ensure the continued growth of America's craft beverage industry. The Craft Beverage Modernization and Tax Reform Act would permanently establish reduced taxes and modernized regulations for brewers, cider makers, vintners and distillers to further promote job creation in each industry. In 2016, the brewing industry alone contributed more than $350 bil… Continue Reading


02.05.19

Wyden Response to Trump State of the Union Trade Agenda

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement in response to Donald Trump's trade agenda in the State of the Union: "While I agree with Trump that America needs to do better on trade, so far his administration has done far more to create chaos and uncertainty than deliver results for American workers. "When it comes to NAFTA, a deal isn't worth much if it's not enforceable, and as it stands NAFTA 2.0 is not enforceable." ###… Continue Reading


02.05.19

Wyden Statement at Finance Committee Markup on Pending Nominations

The Finance Committee meets this morning to organize for the 116th Congress, adopt committee rules, and vote on four nominations. First let me thank all our members for their interest in joining Finance Subcommittees. I'd note there will be more members on the Finance Subcommittee on Health Policy than on the entire Senate Judiciary Committee, which I take as a positive sign that there is no shortage of health policy wonks in this room. Now onto the four nominations the committee will vote on s… Continue Reading


02.01.19

Wyden, Schumer, Brown Call on Secretary Mnuchin to Press Chinese Trade Negotiators on Enforcement to Combat Predatory Trade Practices

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., Senate Democratic Leader Chuck Schumer, D-N.Y., and Banking Committee Ranking Member Sherrod Brown, D-Ohio, sent a letter today urging Secretary Mnuchin to stay aggressive in his approach in ongoing negations with China. "We urge you to support a tough approach that demands meaningful, enforceable, verifiable and enduring concessions that address the underlying challenges identified by the section 301 investigation l… Continue Reading

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