News Releases
Crapo Statement on 2021 Medicare and Social Security Trustees Reports
Washington, D.C.-- U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, issued the following statement on yesterday's 2021 Social Security Trustees Report and 2021 Medicare Trustees Report: "Yesterday's reports on the financial status of various Medicare and Social Security trust funds once again identify unsustainable benefit promises in Medicare and Social Security programs. The Hospital Insurance trust fund is projected to be exhausted around 2026; there are $6… Continue Reading
August 31, 2021
Crapo, Risch, Colleagues Call on VA to Address Impact of Afghanistan Withdrawal on Veterans’ Mental Health
Washington, D.C.--U.S. Senators Mike Crapo and Jim Risch (both R-Idaho) joined Senators Maggie Hassan (D-New Hampshire), Joni Ernst (R-Iowa), Bill Cassidy, M.D. (R-Louisiana), Raphael Warnock (D-Georgia) and 29 additional Senators to call on the U.S. Department of Veterans Affairs (VA) to swiftly develop and conduct outreach to veterans of the Global War on Terrorism--especially those who served in Afghanistan--providing them with mental health resources. Their call for action comes as reports … Continue Reading
August 31, 2021
Crapo, Brady, Walorski Urge GAO to Investigate Scope and Severity of Fraudulent Activity in COVID Unemployment Insurance Programs
Washington, D.C.--The Government Accountability Office (GAO) must investigate the greatest theft of American tax dollars in the nation's history, according to a new letter by U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, and U.S. Representatives Kevin Brady (R-Texas), Ranking Member of the House Committee on Ways and Means, and Jackie Walorski (R-Indiana), Ranking Member on the House Subcommittee for Worker and Family Support. Despite fraud in COVID unemploy… Continue Reading
August 31, 2021
Crapo: Questions Remain About Withdrawal from Afghanistan
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho) issued the following statement following the announcement the United States has officially withdrawn troops from Afghanistan. "America's longest war has now concluded. The hasty withdrawal--tied to an arbitrary deadline--resulted in the murder of 13 U.S. servicemembers and an unknown and dangerous future for Americans and Afghan allies who still remain in country. The Taliban cannot be trusted, and their terrorist activity poses a continued… Continue Reading
August 26, 2021
Crapo Urges GAO to Call for Improved Medicare and Social Security Trust Fund Reporting
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, asked Comptroller General of the U.S. and head of the Government Accountability Office (GAO) Gene Dodaro to continue monitoring and calling for improvements in delivery of trustees reports on the financial status of Medicare and Social Security trust funds to Congress and the American people. The Social Security Act requires trustees reports be issued each year, no later than April 1. The 2021 … Continue Reading
August 22, 2021
Crapo, Colleagues Urge POTUS to Ensure Safe Evacuation of American Citizens and Allies from Afghanistan
Washington, D.C.--U.S. Senators Mike Crapo (R-Idaho), Jim Risch (R-Idaho), Marco Rubio (R-Florida) and Susan Collins (R-Maine) sent a letter to President Joe Biden urging him to take the necessary steps to ensure all American citizens, allies, and partners wishing to leave Afghanistan are safely evacuated. The letter further urges the President to see that American Mark Freichs, who is still being held hostage by the Taliban, is set free, and ensure that the Taliban do not take more Americans h… Continue Reading
August 16, 2021
Crapo Statement on Afghanistan
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho) issued the following statement with regard to the current crisis in Afghanistan: "The haphazard withdrawal from Afghanistan is a failure of presidential leadership and was based on an arbitrary timeline, not on-the-ground intelligence. It will lead to heightened dangers around the world, continued torment and mistreatment of women and the massacre of our allies. It ripens the breeding ground for Al-Qaeda and other jihadi extremist groups to… Continue Reading
August 12, 2021
Crapo, Risch, Senate Colleagues Honor the Service of World War II Ritchie Boys
Washington, D.C.--U.S. Senators Mike Crapo (R-Idaho), Jim Risch (R-Idaho), Ben Cardin (D-Maryland), Chris Van Hollen (D-Maryland) and Ron Wyden (D-Oregon) lauded the Senate's unanimous passage of their resolution, S. Res. 349, honoring the contributions and service of the Ritchie Boys during World War II. A U.S. Army unit named for Camp Ritchie in Maryland where they trained, Ritchie Boys included individuals of many faiths who were both American- and foreign-born, originating from as many as 7… Continue Reading
August 11, 2021
Crapo and Risch: Republicans will not Raise Debt Ceiling to Fuel Reckless Spending
Washington, D.C.--U.S. Senators Mike Crapo and Jim Risch (R-Idaho) signed a letter led by Senator Ron Johnson (R-Wisconsin) and other Republican senators pledging not to vote to increase the debt ceiling, "whether that increase comes through a stand-alone bill, a continuing resolution, or any other vehicle." A debt ceiling increase will be necessary because of Democrats' reckless tax and spending spree that will cost over $5 trillion and increase our debt to $45 trillion by 2031. The letter p… Continue Reading
August 11, 2021
Crapo: Reckless Tax and Spending Spree Mortgages America’s Future
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, today voted against the Democrats' $3.5 trillion reckless tax and spending spree, a filibuster-proof budget proposal that will do long-term damage to our economy. The proposal inched forward in the Senate by a party-line vote of 50-49. "Just days ago, we passed a bipartisan bill that makes investments in hard infrastructure, focused on the type of long-term productivity that counteracts inflati… Continue Reading
August 10, 2021
Crapo, Grassley Question IRS Responsiveness over Data Breach
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, and U.S. Senator Chuck Grassley (R-Iowa), Ranking Member of the Judiciary Committee, asked Internal Revenue Service (IRS) Commissioner Charles Rettig for an update on the recent major potential data leak at the IRS, questioning whether the IRS has fulfilled its legal requirements under the Federal Information Security Modernization Act (FISMA) of 2014. It has been months since the media outlet P… Continue Reading
August 10, 2021
Democrats Choose Big Government over Americans’ Privacy
Washington, D.C. -- U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) issued the following statement after Democrats voted down his amendment to prevent the undue monitoring and reporting of sensitive financial information on law-abiding Americans to the Internal Revenue Service (IRS). Instead, Democrats adopted an amendment to provide even more latitude to the IRS in determining which Americans to monitor. "This is one of the biggest violations of the privacy of American citiz… Continue Reading
August 10, 2021
Crapo Files Amendment to Protect Americans’ Privacy from Intrusive IRS Reporting Regime
Washington, D.C. -- U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) filed an amendment to the Democrats' reckless tax-and-spend legislation to prevent the monitoring and reporting of sensitive American taxpayer information to the Internal Revenue Service (IRS) by financial institutions. The Democrats' proposal would press private-sector financial institutions into reporting deposit and withdrawal flows on their customers' accounts above a mere $600 in value. This comprehensiv… Continue Reading
August 10, 2021
Crapo: Infrastructure Investments Help Keep Pace with Idaho’s Growth
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho) released the following statement after voting in support of the bipartisan Infrastructure Investment and Jobs Act, which the Senate passed by a 69-30 vote: "The bipartisan legislation we passed today makes investments in traditional, hard infrastructure projects to help keep pace with Idaho's rapid growth. It includes billions of dollars for Idaho's roads, highways and bridges; funding for high-speed internet and broadband infrastructure dep… Continue Reading
August 09, 2021
Analysis: Biden Tax Hikes Hit Middle Class
Washington, D.C.--Today, U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and U.S. House Ways and Means Ranking Member Kevin Brady (R-Texas) released an analysis showing that proposed corporate tax hikes would fall directly on middle-class Americans. The analysis, performed by the non-partisan Joint Committee on Taxation (JCT), shows that increasing the corporate tax burden would disproportionately harm U.S. workers, retirees and small businesses, including 1.4 million small bu… Continue Reading
August 09, 2021
Crapo Blasts Democrats’ Runaway Spending and Job-Killing Tax Hike Proposals
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, delivered remarks on the Senate Floor today on the Democrats' $3.5 trillion reckless tax-and-spending bill. Senator Crapo serves as the top Republican on the Senate Finance Committee, with jurisdiction over our nation's tax policies. In his speech, Crapo highlights the many harmful tax hike proposals that will cause immediate and long-term damage to our economy, and send many of our most succes… Continue Reading
August 05, 2021
Crapo to Yellen: Social Security and Medicare Trustees’ Reports Long Overdue
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, today asked U.S. Department of Treasury Secretary Yellen about the outsized delay of the Social Security and Medicare Trust Funds 2021 trustees' reports. Crapo says the delay is especially troubling considering Congress is expected to consider further legislation this year that will affect Social Security and Medicare, and also notes that he and House Ways and Means Ranking Member Kevin Brady (… Continue Reading
August 02, 2021
Idaho Senators Introduce Legislation to Uphold Navigable Waters Protection Rule
Washington, D.C.--U.S. Senators Mike Crapo and Jim Risch (both R-Idaho) joined U.S. Senator Shelley Moore Capito (R-West Virginia) and 30 Republican colleagues in introducing legislation, S. 2567, codifying the 2020 Navigable Waters Protection Rule (NWPR). The Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers recently outlined plans to replace the NWPR with a new rule that goes even further than the Obama-era Waters of the United States (WOTUS) Rule. If the NWPR is rep… Continue Reading
July 28, 2021
What They Are Saying: Support for Clean Energy Innovation Bill
Washington, D.C.--Support from energy industry and environmental groups continues to grow for the Energy Sector Innovation Credit (ESIC) Act, a bipartisan energy tax proposal introduced by Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Finance Committee Member Sheldon Whitehouse (D-Rhode Island) to encourage innovation in the clean energy sector. Read below to see what they are saying. "The bipartisan Energy Sector Innovation Credit creates incentives for breakthrough innova… Continue Reading
July 28, 2021
Crapo: Every Worker Should Have the Opportunity to Save for a Secure Retirement
Washington, D.C.--At a Senate Finance Committee Hearing examining ways Congress can build on bipartisan retirement legislation, Ranking Member Mike Crapo (R-Idaho) highlighted key policy areas for Congress to consider as it evaluates proposals to improve the retirement system so every worker has the chance to save for a secure retirement. Click HERE for video. Key Excerpts: "As the economy continues to bounce back, we have a chance to build on the success of the Setting Every Community Up… Continue Reading
