News Releases

Word On: Wind Energy   Q: Has the federal incentive for wind energy production been re-approved? A: Yes. During a visit to Iowa in early October, the president signed into law a tax bill that extends the federal tax break for harnessing wind power to produce electricity. The renewal of the federal tax credit ought to breathe new life into a pipeline of...

Grassley Highlights Corporate Loophole Closers in New Tax Bill WASHINGTON – Sen. Chuck Grassley, chairman of the Committee on Finance, today said the newly passed business tax bill contains the most significant crackdown on corporate abuses and tax dodges in a generation and will lead to many more companies paying their fair share of taxes – tens of...

$1.4 Million in Value Added Grants to Iowa WASHINGTON — Sen. Chuck Grassley today said that the U.S. Department of Agriculture, Office of Rural Development, has awarded grants totaling $1,412,686 to nine Iowa companies through the Value-Added Agricultural Product Market Development Grant program. Grassley created the Value-Added Grant program to support...

Grassley Begins 23rd Year of Visiting Iowa's 99 Counties and Grassley had the flag flown in honor of their participation. Following is a list of Grassley visits in January: Monday, January 20Buchanan County Town Hall Meeting, 8 - 9 a.m., Buchanan County Courthouse, 210 5th Avenue NE, IndependenceDelaware County Town Hall Meeting, 9:45 - 10:45 a.m.,...

Ernst & Young tax shelters agreement Sen. Chuck Grassley, chairman of the Committee on Finance, made the following comment on today's announcement by the Internal Revenue Service of an agreement with Ernst & Young, LLP, resolving issues relating to an examination of Ernst & Young's compliance with the registration and list maintenance...

Word On: Flexible Savings Accounts   Q: How can workers set aside money tax-free for health care and dependent care expenses? A: The federal tax code allows workers to take advantage of flexible savings accounts set up through their employer using tax-free earnings. On Jan. 1 each year, eligible workers may divert a designated amount from each...

Tax Breaks Help Working Families by U.S. Sen. Chuck Grassley, of Iowa   Working families can breathe a sigh of relief. The president visited Iowa in early October to sign into law key tax relief items aimed squarely at lower- and middle-income wage earners. For the fourth time in as many years, Congress continued its efforts to let workers pocket more...

Grassley Announces "Iowa Women 2000: Linking & Learning" Iowa Senator's Fifth Women's Conference Features Keynote Speaker Elizabeth Dole Melissa Kearney 202/224-0484 Calling Iowa women to come together for a one-day non-partisan, non-political motivational conference, Sen. Chuck Grassley and his wife Barbara invite women of all ages and backgrounds to...

Grassley Honored as Guardian of Small Business Grassley Honored as Guardian of Small Business National Federation of Independent Business Recognizes Iowa Senator WASHINGTON – Sen. Chuck Grassley today received the "Guardian of Small Business" Award for the 108th Congress from the National Federation of Independent Business (NFIB). NFIB awards members of...

U.S. Attacks in Sudan & Afghanistan Sen. Chuck Grassley issued the following comment regarding the President's announcement today that there have been U.S. military attacks in Sudan and Afghanistan. Sen. Grassley is in Winterset this afternoon conducting a town meeting for Madison County residents, following a day of meetings in Des Moines. "There's no...

Grassley Advances Crackdown on Fuel Tax Evasion WASHINGTON – Sen. Chuck Grassley, chairman of the Committee on Finance, today won near-final approval of bipartisan reforms to crack down on fuel tax evasion that costs taxpayers $1 billion a year. Jet fuel, highway diesel, and other fuels are subject to federal excise taxes to fund highway and airport...

Grassley Advances Ethanol Tax Restructuring, Tax Incentives for Biodiesel, Biomass WASHINGTON – Sen. Chuck Grassley, chairman of the Committee on Finance, today won near-final approval of his restructuring of ethanol taxes to contribute more money to highways and his tax incentives to encourage energy production from alternative sources. This comes just...

Grassley Advances Crackdown on Car, Intellectual Property Donation Abuses Grassley Advances Crackdown on Car, Intellectual Property Donation Abuses WASHINGTON – Sen. Chuck Grassley, chairman of the Committee on Finance, today won near-final approval of his reforms to make sure taxpayers don’t inflate deductions for donations of cars and intellectual...

Grassley Advances Tax Incentives, Fairness for Farmers, Cooperatives, Small Businesses WASHINGTON – Sen. Chuck Grassley, chairman of the Committee on Finance, today won near-final approval of his key tax incentives and fairness measures for farmers, cooperatives and small businesses. "In some areas the tax code is out of date, and it needs to come into the...

Grassley Advances Tax Fairness for Rural Letter Carriers WASHINGTON – Sen. Chuck Grassley, chairman of the Committee on Finance, has won near-final approval of his bipartisan proposal to give tax fairness to rural letter carriers. "Rural letter carriers use their own vehicles for delivering the mail," Grassley said. "They drive through all kinds of weather...

Grassley Advances Civil Rights Tax Reform WASHINGTON – Sen. Chuck Grassley, chairman of the Committee on Finance, today won near-final passage of reforms to end unfair taxation in civil rights cases. "Tax relief gets the headlines, but part of tax relief is tax fairness," Grassley said. "It’s clearly a fairness issue to make sure people don’t have to pay...

Grassley Highlights New Medicare Payments for Iowa Doctors in Under-Served Areas Under the new Medicare law, Iowa doctors in under-served areas will receive an additional $12 million from 2005 to 2007 to serve Medicare beneficiaries, according to the American Medical Association. Sen. Chuck Grassley, chairman of the Committee on Finance and a chief...

Grassley: Trade Adjustment Assistance Reforms Yielding Progress Sen. Chuck Grassley, chairman of the Committee on Finance, which has jurisdiction over international trade, offered the following comments today in a floor statement addressing the Trade Adjustment Assistance program. He submitted the floor statement for the record. "Mr. President, I rise to...

Grassley on the Signing of the Working Families Tax Relief Act of 2004 Today President Bush signed H.R. 1308, the Working Families Tax Relief Act of 2004, into law in Des Moines. Sen. Chuck Grassley, chairman of the Committee on Finance, introduced the President. Grassley is the chief Senate author of the tax relief measure who has worked with the President...

Grassley Introduces Legislation to Close Visa Revocation Loophole Grassley Introduces Legislation to Close Visa Revocation Loophole WASHINGTON — Sen. Chuck Grassley today introduced an amendment to the National Intelligence Reform Bill that would close a loophole that endangers national security. Grassley said he had to write legislation because the...