News Releases

IRS Says Grassley is Right About Taxpayer Review, Audit Rates ? Sen. Chuck Grassley, chairman of the Committee on Finance, has received an acknowledgment from the Internal Revenue Service that the agency does indeed subject millions more taxpayers to review than it has maintained. The text of the letter from IRS Commissioner Charles Rossotti, Grassley's...

Grassley Urges Tax Relief for Family Farms, Small Businesses ? Sen. Chuck Grassley, chairman of the Committee on Finance, today said providing tax relief and fairness for family farmers and small business owners is a key ingredient in any recipe for an economic stimulus. "Wall Street gauges the economic slowdown by stock prices," Grassley said. "Main Street...

IRS Says Grassley is Right About Taxpayer Review, Audit Rates ? Sen. Chuck Grassley, chairman of the Committee on Finance, has received an acknowledgment from the Internal Revenue Service that the agency does indeed subject millions more taxpayers to review than it has maintained. The text of the letter from IRS Commissioner Charles Rossotti, Grassley's...

Jordan Free Trade Agreement Sen. Chuck Grassley, Chairman of the Senate Committee on Finance, issued the following comment today regarding the Jordan free trade agreement. "Our country's relationship with Jordan is important, and I want to enhance that relationship. A trade agreement is a critical factor for the economy in Jordan and political stability in...

Grassley Adds Tax Calculator to Website ? Sen. Chuck Grassley has added a new feature to his website. A tax calculator allows visitors to simulate some key elements of President Bush's tax plan and how those changes will affect you. To use this calculator, Iowans are invited to visit Sen. Grassley's home page, grassley.senate.gov, and link to the Heritage...

Grassley Announces Hearing on Treasury Nominees Hearing:to consider Department of Treasury Nominees Date/time:Thursday, March 29, 2001, at 11:30 a.m. Location:215 Dirksen Senate Office Building Description: Sen. Chuck Grassley, chairman of the Committee on Finance, will convene a hearing to hear testimony regarding the nominations of Kenneth W. Dam of...

Grassley Introduces Bill to Ease Long-term Care Costs ? Sen. Chuck Grassley, chairman of the Committee on Finance, today introduced legislation to ease the tremendous cost of long-term care. He cited an Otley, Iowa, family as the perfect example of the millions of families nationwide that bear the financial burden of caring for a loved one. "Many Americans...

Word On: IRS Audits   Q: How many audits are conducted each year by the IRS?   A: According to statistics reported by the Internal Revenue Service, the federal tax collection agency conducted 715,000 service center audits and 366,000 face-to-face audits in 1999. A February announcement by the IRS Commissioner regarding the agency's declining...

It’s a Breeze by Sen. Chuck Grassley, of Iowa   Iowa farmers looking to diversify their crop acres are finding it’s a breeze to squeeze more value out of their farmland. Sitting smack dab in the middle of America’s breadbasket, Iowa’s fertile fields and abundant grain harvests have helped feed the world and allowed generations of farm families to earn...

News Conference, Hearing Scheduled on Long-term Care News Conference, Hearing Scheduled on Long-term Care Event No. 1:news conference Date/time:Tuesday, March 27, 2001, at 9:30 a.m. Location:S-301, The CapitolDescription: Sen. Chuck Grassley, chairman of the Committee on Finance, will announce his introduction with Sen. Bob Graham of legislation to help...

Presidential Appointment of Iowan Tom Dorr Sen. Chuck Grassley issued the following comment regarding President Bush's appointment today of Iowan Tom Dorr to serve as the USDA Undersecretary of Rural Development. "I'm glad to see an Iowan get a high-level position at the U.S. Department of Agriculture. Tom Dorr is a progressive farmer who has worked hard to...

HCFA Administrator Sen. Chuck Grassley, Chairman of the Committee on Finance, issued the following comment today regarding President Bush's appointment of Thomas A. Scully to head the Health Care Financing Administration. "I look forward to having Tom Scully on the job as the administrator of HCFA. He will bring a wealth of knowledge to an agency that...

fast track legislation Sen. Chuck Grassley, chairman of the Committee on Finance, made the following comment on Sen. Pat Roberts' legislation to renew the President's fast track trade negotiating authority. "I welcome Senator Roberts' effort to focus the Senate's attention on the importance of renewing the President's trade negotiating authority this year....

Grassley Takes Careful Approach to Prescription Drug Coverage ? Adding a prescription drug benefit to Medicare should be done in the broader context of modernizing the program, Sen. Chuck Grassley, chairman of the Committee on Finance, said today. "While adding prescription drugs may be one of the most visible improvements to Medicare, it's clearly not the...

Grassley Urges Swift Action on Social Security, Medicare Sen. Chuck Grassley, chairman of the Committee of Finance, today said the latest reports on the financial outlook for Social Security and Medicare send a clear message to Congress and the President: Make hay while the sun shines. "There's reality television. This is reality policymaking," Grassley...

America at Risk: The Ecstasy Threat You can hardly read a newspaper or magazine these days without reading about the use and abuse of the drug Ecstasy. The use of this drug is growing faster than any other in the nation. The National Institute on Drug Abuse, (NIDA), reports that the number of 12th graders that have used Ecstasy in their lifetime increased...

Grassley Questions Declining IRS Audit Rate Sen. Chuck Grassley, chairman of the Committee on Finance, has asked the Internal Revenue Service to account for a precipitous drop in its taxpayer audit rate. The text of Grassley's letter to the agency follows. March 19, 2001 Mr. Charles Rossotti Commissioner Internal Revenue Service 1111 Constitution Ave.,...

annual report of Social Security and Medicare Boards of Trustees Today the Social Security and Medicare Boards of Trustees released their annual reports on the financial status of Social Security and Medicare. The reports show that while the short-term financial status of each program has improved somewhat since last year's report, substantial challenges...

Grassley Works for Competitive Air Service ? Sen. Chuck Grassley has joined his colleagues Sens. Mike DeWine, of Ohio, and Herb Kohl, of Wisconsin, in introducing bipartisan legislation that will help small airlines gain access to vital slot-controlled airports in New York and Washington, DC. The High-Density Airport Competition Act would help smaller...

Grassley Releases Witness List for Jordan Trade Hearing The Honorable Samuel R. "Sandy" Berger, Former National Security Advisor, Washington, D.C. The Honorable Michael B. Smith, Former Deputy United States Trade Representative, Washington, D.C. Timothy E. Deal, Senior Vice President, The United States Council for International Business, Washington, D.C.A...