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The Latest Breaking News from Senate Finance Committee

Bipartisan Senate duo wants to tax more companies out of Russia - Roll Call

Senate Finance Committee members will introduce legislation to stop companies from deducting or claiming credits on taxes paid to Russia.

Roll Call

Senate Finance Committee Votes On Confirmation Of Treasury Secretary Nominee

The Senate Finance Committee is voting on Scott Bessent's confirmation as Treasury secretary. Bessent's financial expertise and views on fiscal responsibil...

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Social Security Board Nominee Grilled Over Views on Program Reforms

Candidate questioned on Social Security privatization, raising retirement age and benefit cuts during Senate hearing.

Kiplinger

U.S. senators introduce bill seeking changes to unemployment insurance program

Senate Finance Committee Chairman Ron Wyden (D-), U.S. Senator Michael F. Bennet (D-Colo.), and U.S. Representative Don Beyer (D-Va.) and a coalition of six Democratic and Independent senators on October 26 introduced a bill proposing several modifications to the joint federal-state unemployment insurance program.

Ballotpedia

PGA Tour’s deal with Saudi LIV Golf draws Senate panel investigation

WASHINGTON — Senate Finance Committee Chair Ron Wyden notified top officials with the PGA Tour that he’s opening a wide-ranging probe into the PGA’s surprise tie-up with Saudi Arabia’s Public Investment Fund.

Tribune News Service

IRS ‘whistleblower’ who claimed Hunter Biden case was mishandled won’t cooperate with Senate probe

EXCLUSIVE: Whistleblower has cut off communication with the Senate Finance Committee even as he prepares to testify before a GOP-led House panel, writes Andrew Feinberg

The Independent UK

Medicare Advantage supplemental health plans draw scrutiny

WASHINGTON — Medicare Advantage plans lure customers with television ads promising plans with dental, vision and hearing benefits that traditional Medicare doesn’t offer

Tribune News Service

Medicare Advantage supplemental health plans draw scrutiny - Roll Call

Though supplemental benefits often draw seniors to Medicare Advantage plans, insurance experts question their value.

Roll Call

Texas Senate budget writers propose billions for teacher raises, lower property taxes and water projects

The Senate Finance Committee’s proposals won’t be voted on and sent to the full chamber until April.

The Texas Tribune

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The Independent UK

IRS nominee Daniel Werfel confirmed by Senate vote

The U.S. Senate has confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service by a vote of 54-to-42

The Texas Tribune

Aging state vehicle fleet fuels tens of millions in new money requests by agencies

Many state-owned vehicles are aging past the standards for replacement. Early budget drafts signal that lawmakers are considering funding some $237.6 million in requests for new ones.

The Texas Tribune

Texas Military Department says it needs $460 million more to keep border mission afloat this year

State officials have repeatedly had to move money from other departments to keep Gov. Greg Abbott’s multibillion-dollar border mission running this year.

The Independent UK

Trump used Freedom of Information Act request to slow IRS release of his taxes

Mr Trump had the authority to ask for the records during his presidency but instead used the Freedom of Information Act

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Tribune News Service

Drug company middlemen likely to be a focus in 118th Congress

WASHINGTON — Factions of the health care system and members of Congress are turning their fire on an oft-maligned part of the drug pricing system — the middlemen who negotiate discounts with drug companies on behalf of health plans.

Roll Call

Drug company middlemen likely to be a focus in 118th Congress - Roll Call

PBMs argue that the rebates they collect from drug companies in exchange for coverage by a health plan are used to lower premiums.

Salon

How Congress cracked down on tax scam

New law shuts down “syndicated conservation easements” that exploit charitable tax break meant to preserve lands

Ballotpedia

Thirty-four of 37 Pennsylvania State Senate committee chairs raised less money than the average member this cycle

Elections for 26 of 49 seats in the Pennsylvania State Senate took place on Nov. 8, 2022. Republicans held a 27-22 majority heading into the election.

Los Angeles Times

Congressional panel votes to release Trump's tax returns to public

WASHINGTON — A House panel voted Tuesday along party lines to release former President Donald Trump's tax returns, an unprecedented move that marks the culmination of a yearslong legal battle to disclose his financial records.

Ballotpedia

Thirteen of 20 North Carolina State Senate committee chairs raised less money than the average member this cycle

Elections for all 50 seats in the North Carolina State Senate took place on Nov. 8, 2022. Republicans held a 28-22 majority heading into the election.

Salon

GOP blocks $12B to fight child poverty

GOPer says "the country frankly doesn't have the time or the money" to help impoverished kids

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