News Releases

News Conference to Receive President's Tax Bill To those who say we can't afford tax cuts: Let me tell you a story about the mountain and the mole hill. The mountain is the $27.9 trillion that the government expects to take in over the next 10 years. The mole hill is the $1.6 trillion in tax cuts that President Bush plans over the next 10 years. So can...

Senate Judiciary Committee Hearing on Airline Consolidation I thank the Chairman for holding this hearing this morning and giving me the opportunity to speak and ask questions on this subject. As you know, I've been following airline competition issues closely for several years because their importance to my state of Iowa. Iowa air travelers and businesses...

Grassley Recognized For Work on Behalf of Children with Disabilities Bipartisan Hero Award given to Grassley, Kennedy for Work Together in 106th Congress Sen. Chuck Grassley this week received the "Bipartisan Heros Award" from the National Association of Pediatric Nurse Associates and Practitioners. Grassley, along with Sen. Ted Kennedy of Massachusetts,...

Nomination of Robert B. Zoellick I rise this afternoon in support of President Bush's nomination of Robert B. Zoellick to the position of United States Trade Representative. As Chairman of the Finance Committee, I am pleased to report to my distinguished colleagues that Robert Zoellick is uniquely qualified to represent the United States in the extremely...

Grassley, Kennedy, Sessions, Waxman to Re-introduce Family Opportunity Act Event: News conference Participants: Sen. Chuck Grassley (R-Iowa), Finance Committee chairman Sen. Edward Kennedy (D-Mass.), HELP Committee ranking member Rep. Pete Sessions (R-Texas), Rules Committee member Rep. Henry Waxman (D-Calif.), Commerce Subcommittee on Health and...

Grassley, Kennedy, Sessions, Waxman to Re-introduce Family Opportunity Act Event: News conference Participants: Sen. Chuck Grassley (R-Iowa), Finance Committee chairman Sen. Edward Kennedy (D-Mass.), HELP Committee ranking member Rep. Pete Sessions (R-Texas), Rules Committee member Rep. Henry Waxman (D-Calif.), Commerce Subcommittee on Health and...

Bush tax proposal Sen. Chuck Grassley, chairman of the Finance Committee, issued the following statement about the remarks on tax relief made today by President George W. Bush. "President Bush has made tax relief a cornerstone of his agenda, and that's good for American families. Tax relief fosters economic growth. The recent testimony of the Federal...

Grassley Introduces Bill to Repeal the Telephone Tax ? Sen. Chuck Grassley, chairman of the Committee on Finance, today introduced a bill to repeal the telephone excise tax, which he called a century-old levy that affects anyone with a telephone, but serves no particular purpose. "The telephone tax is as old as Teddy Roosevelt's Rough Riders and just as...

Statement on Confirmation of John Ashcroft Sen. Chuck Grassley today issued the following statement regarding the Senate's vote to confirm John Ashcroft as Attorney General of the United States: "I'm pleased that the Senate voted to confirm John Ashcroft as Attorney General of the United States. John Ashcroft is a man of his word and I'm fully confident...

Grassley Seeks Level Playing Field for Family Farmers Iowa Senator Reaches Out to Iowa Attorney General ? Sen. Chuck Grassley said that he has asked Iowa Attorney General Tom Miller to work with him to look out for the Iowa farm community and ensure there is a level playing field for independent producers nationwide. In a letter to Miller, Grassley asked...

Grassley Continues Effort to Overhaul Bankruptcy System ? Sen. Chuck Grassley introduced legislation last night to overhaul the nation's bankruptcy system. The bill he introduced ? S.220 ? is identical to the final conference report approved last year by the Senate and House of Representatives but pocket-vetoed by President Clinton. Grassley said that he...

Floor Statement on Nomination of John Ashcroft to U.S. Attorney General Mr. President, I stand here today to voice my support for the nomination of John Ashcroft to become the next Attorney General of the United States. Despite the well-publicized, well-financed attempts orchestrated by outside groups to smear his good name, I'm thankful that Senator...

Grassley Announces Nearly $500,000 for Iowa Outdoor Recreation Projects ? Sen. Chuck Grassley today announced that five outdoor recreation projects in Iowa will receive $493,656 in matching grants from the National Park Service. The funding is designed to help state and local governments acquire and develop quality outdoor recreation areas. The money comes...

Education Accelerates Earning Power   Earning potential goes hand in hand with education. Dot-com millionaires aside, the surest ticket to prosperity in the either the Old or New Economy starts with a good education. From a high school diploma to technical training and a college degree, a person’s life-time earning power rises exponentially with each...

Nomination of Senator John Ashcroft to U.S. Attorney General Mr. Chairman, I'd like to voice my support for the nomination of John Ashcroft to become the next Attorney General of the United States. Despite the well-publicized, well-financed attempts orchestrated by outside groups to smear his good name, I'm confident that Senator Ashcroft will survive this...

Finance Committee Hearing on the Nomination of Robert O. Zoellick I want to welcome my colleagues to my first hearing as chairman of the Finance Committee and the first of what I expect will be a series of discussions on the U.S. trade agenda. Today, we will review President Bush's nomination of Robert Zoellick to be the United States Trade Representative....

President Bush's "Immediate Helping Hand" Initiative Sen. Grassley issued the following comment today: "It's very helpful that the President has sent to Capitol Hill his proposal to quickly establish a prescription drug program for low-income seniors. It is an important signal of his commitment to Medicare beneficiaries and his proposal will keep the...

Comment on Expiration of Waiting Period for Tyson-IBP Review Sen. Chuck Grassley today issued the following response to news that the waiting period for regulatory review of Tyson Foods' acquisition of IBP has expired: "I pushed the Justice Department to vigorously review the Tyson-IBP purchase from all angles and consult with the Agriculture Department....

President Bush's "Immediate Helping Hand" Initiative Sen. Grassley issued the following comment today: "It's very helpful that the President has sent to Capitol Hill his proposal to quickly establish a prescription drug program for low-income seniors. It is an important signal of his commitment to Medicare beneficiaries and his proposal will keep the...

Word On: AMT   Q: What is the Alternative Minimum Tax? A: Virtually no one disputes the federal tax code is far too complex. Perhaps one of the biggest headaches in our tax laws is the Alternative Minimum Tax. An obscure provision initially passed three decades ago and updated in 1986, the AMT was written to ensure wealthy Americans wouldn’t get off...