Category: Sen. Mike Crapo

Biden Administration Supports Global Tax That Favors China

March 15, 2023
Biden’s administrationChinese Communist Partyglobal taxJeremy HuntOpinionSen. Mike CrapoThinking About ChinaTreasury Secretary Janet YellenU.S. Constitution
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Commentary America is scraping the financial bottom of a debt crisis while overloaded with high taxes and navigating between the shoals of inflation and the sandbars of recession. President Joe Biden’s administration, meanwhile, wants to have all the pros without acknowledging any of the cons—by taxing more, spending more, growing the debt and, inscrutably, inventing…

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Senate, House Republicans Challenge Biden Admin to Reveal Funding Plan for $3 Billion Drug Rx Price-Fixing Effort

February 24, 2023
Centers for Medicare & Medicaid ServicescongressHouse Energy and Commerce Committeehouse ways and means committeeInflation Reduction Act of 2022Policies & ImpactsPoliticsPrescription Drug Pricespresident joe bidenRep. Cathy McMorris RodgersRep. Jason SmithSecretary Xavier BecerraSen. Mike CrapoUS
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Two GOP House committee chairmen and the top Senate Finance Committee Republican are challenging President Joe Biden to make public the spending plan for an obscure $3 billion prescription drug price-fixing fund established by the Inflation Reduction Act of 2022. “Unfortunately, the so-called Inflation Reduction Act enacted last year has doubled down on the recent…

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Senate Republicans Introduce Legislation Prohibiting IRS From Conducting Financial Surveillance on Private Citizens

February 22, 2023
congressDepartment of the TreasuryIRSPoliticspresident joe bidenRepublicansSen. John BoozmanSen. Mike CrapoSen. Tim ScottSen. Tom CottonUS
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Thirty-one of the Senate’s 49 Republicans are co-sponsoring a proposal to nullify a Biden administration proposal by banning the IRS from conducting surveillance on the financial affairs of virtually all individual Americans. The lead co-sponsors of the “Prohibiting IRS Financial Surveillance Act” include Sen. John Boozman and Sen. Tom Cotton, both from Arkansas, as well…

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Republicans Say Americans Will ‘Fire the Democratic Majority’ in Midterms for Passing Billion-Dollar Spending Bill

August 8, 2022
congresseconomyExecutive BranchJim InhofePoliticsRegional-Local NewsRepublicansSen. Lindsey GrahamSen. Mike CrapoSen. Rick ScottUSUS News
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Senate Republicans lambasted their Democrat colleagues for passing a $740 billion health care and climate spending bill, warning the economic package will not help the sagging U.S. economy. “Democrats under Joe Biden have spent trillions, creating the worst inflation in over four decades, and now their answer to this disaster of their own making is…

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House Proposal Will Hike Taxes on Lower- and Middle-Income Americans: Bipartisan Congressional Panel

July 12, 2022
Build Back Better ActBusiness & Marketscongresseconomic policieseconomyExecutive BranchJoint Committee on Taxationpersonal financePoliticspresident joe bidenSen. Mike Craposenate finance committeetaxesUSUS News
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Taxes will go up for millions of lower- and middle-income taxpayers under the House Democrats’ version of President Joe Biden’s Build Back Better plan, according to two new analyses by the non-partisan professional staff of the congressional Joint Committee on Taxation (JCT). “While Republican tax reform in 2017 cut taxes for all Americans, and increased…

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