Grassley Targets Sellers, Promoters of Illicit Tax Shelters
Sen. Chuck Grassley, chairman of the Committee on Finance, today took aim at the tax shelter promoters and sellers who exploit loopholes that cost taxpayers billions of dollars a year in lost revenue. Grassley convened a hearing on whether the illicit tax shelter schemes are still thriving even in...
Word On: Protecting Pensions
Q: What is the Pension Benefit Guarantee Corporation?
A: Created in 1974 with enactment of the Employee Retirement Income Security Act, the Pension Benefit Guaranty Corporation insures certain private pension plans to protect the nest eggs American workers are counting on once they leave the workforce. The federal agency...
Grassley Urges President to Consider Ag Concerns Before U.S.-Thailand Trade Agreement
? Sen. Chuck Grassley, chairman of the Committee on Finance, last night urged President Bush to consider Thailand's position on market access for U.S. agricultural products before initiating negotiations on a U.S.-Thailand trade agreement.
The text of Grassley's letter...
Grassley Releases Witness List for Tax Shelters Hearing
The Honorable Pamela Olson, Assistant Secretary for Tax Policy, U.S. Department of the Treasury, Washington, D.C.
The Honorable Mark Everson, Commissioner, Internal Revenue Service, Washington, D.C.
The Honorable Eileen O'Conner, Assistant Attorney General, Tax Division, U.S. Department of Justice,...
European Union announcement on hormone-treated beef
Sen. Chuck Grassley, chairman of the Committee on Finance, today made the following comment on the European Union's announcement that it is complying with its trade obligations regarding beef treated with hormones.
"I don't see anything new here. The EU is stating that it will continue to keep its ban on...
IRS Turns 90
by Senator Chuck Grassley, of Iowa
The federal agency that does business with more Americans than any other arm of the federal government observed its 90th birthday in October. Created in 1913 with ratification of the 16th amendment, Congress enacted a federal income tax system and with it an agency charged with administering the tax...
Word On: New $20
Q: Why is the U.S. releasing a newly designed $20 bill?
A: The Federal Reserve System and Bureau of Engraving and Printing are working to stay ahead of currency counterfeiters who are turning to sophisticated, cheaper, digital methods to launder their tainted notes into the world economy. In 1995, less than one percent of counterfeit...
Justice Department Decision on Farmland bids
Sen. Chuck Grassley today issued the following statement regarding the U.S. Department of Justice's decision not to intervene in the purchase of Farmland Foods by Smithfield and Cargill.
"It's disheartening that the Justice Department won't intervene in the bankruptcy court's sale of Farmland Foods. The continued...
Grassley Urges China to Comply With Its Trade Obligations
? Sen. Chuck Grassley, chairman of the Committee on Finance, with jurisdiction over international trade, today sent a letter to the Minister of Commerce for the People's Republic of China (China) requesting that China make a serious effort to improve its compliance with its World Trade Organization...
Grassley, Senate Colleagues Urge Mexico to Drop Barriers to U.S. Farm Products
? More than half of Senate Finance Committee members, led by Sen. Chuck Grassley, chairman, today sent a letter to Mexican officials urging them to fulfill their trade obligations and stop imposing barriers to U.S. agricultural products. The bipartisan senators' letter followed a...
new job gains
Sen. Chuck Grassley, chairman of the Committee on Finance, today made the following comment on a new government report showing the number of workers on U.S. payrolls grew by 57,000 last month, the first time since January that jobs were created and sharply contrary to Wall Street economists' forecasts for a 30,000-job loss. Two weeks ago, a...
Grassley Invites Educators, Parents, Community Leaders to Discuss School Foundations
? Sen. Chuck Grassley today encouraged teachers, administrators, parents and community leaders to join him at a conference to discuss the establishment and sustainability of school foundations.
The meeting will be held on Oct. 13 from 9 a.m.? 4 p.m. at the Des Moines...
Grassley Wins Committee Approval of Tax Cut for Manufacturers, Farmers, Significant International Tax Reforms
? Sen. Chuck Grassley, chairman of the Committee on Finance, today won committee approval of his legislation to cut taxes for U.S. manufacturers, sole proprietors, partnerships, farmers and small business owners who create jobs, and to reform and...
Grassley Wins Passage of Amendment to Provide Additional Medicare Dollars to Iowa Hospitals
? Sen. Chuck Grassley secured another six months of Medicare payment increases for Iowa hospitals last night as part of Senate action to extend the current welfare program.
"Until work is completed on a Medicare prescription drug benefits bill, we need these...
Grassley Wins Committee Approval of Tax Cut for Manufacturers, Farmers, Significant International Tax Reforms
? Sen. Chuck Grassley, chairman of the Committee on Finance, today won committee approval of his legislation to cut taxes for U.S. manufacturers, sole proprietors, partnerships, farmers and small business owners who create jobs, and to reform and...
Grassley Applauds Additional Federal Funding for Iowa Education
? Sen. Chuck Grassley today said he was pleased that additional Title I funds for disadvantaged students will be allocated for Iowa, Maryland and Michigan. Iowa will receive $1,897,902.
In fiscal 2003 Iowa, Maryland and Michigan were allocated less than in fiscal 2002 in Title I funds for...
Elections of Sac and Fox Tribe of the Mississippi in Iowa
Sen. Chuck Grassley today issued the following statement after learning that the Bureau of Indian Affairs has set forth a tentative calendar for the upcoming elections of the Sac and Fox Tribe of the Mississippi in Iowa.
"I've urged the Bureau of Indian Affairs for some time now to become more...
Recycle a Phone and Help a Neighbor in Need
October Marks Domestic Violence Awareness MonthOctober Marks Domestic Violence Awareness Month
Advances in wireless technology and mobile telecommunications services would make Alexander Graham Bell’s head spin. Today’s consumers have embraced the miracles of modern day gadgets and gizmos and have come to...
Grassley, Waxman Seek Halt to New Nursing Home Feeding Regulation
Sen. Chuck Grassley, chairman of the Committee on Finance, and Rep. Henry A. Waxman, ranking member of the Committee on Government Reform, today asked the Health and Human Services Department to reconsider implementing a new regulation that will allow a new category of low paid,...
Manufacturers Praise Grassley's Leadership on Bill to Resolve International Tax Dispute,
Sen. Chuck Grassley, chairman of the Committee on Finance, today received support from the National Association of Manufacturers for his leadership in working to promote the competitiveness of U.S. manufacturers domestically and internationally. Grassley, along with...
