News about Mike Crapo

Republicans have resigned after the Biden administration appears to be on the verge of outlawing most gas-powered vehicles in under a decade if the Biden administration is to pass new tailpipe pollution legislation. A bipartisan group of over 130 Republican lawmakers sent President Biden and the Office of Budget and Budget Director Shalanda Young a letter requesting that new legislation from the Environmental Protection Agency be not adopted. According to the group, the plan would require Americans to switch from gas-powered cars to electric vehicles or EVs by 2032. According to the group of GOP senators, the amended law would require 67% of new light-duty vehicles and 46% of medium-duty vehicles to be electric by 2032.' "The truth is that most Americans still prefer the internal combustion engine, and the EPA's proposed regulation unfairly restricts consumer choice and pushes expensive EVs into Americans at a time when they can least afford it," the Republicans wrote.

Experts agree that it will be worthwhile not to file returns as it is set to be released by April 15. Parents will get more money as a result of a recent bill. It will also benefit businesses, both large and on Main Street. The House passed the $78 billion bipartisan bill on Wednesday, the first step in the House's first move, and now it heads to Sen. John Kerry. The bill would gradually raise the maximum refundable child tax credit to $1,800 for the 2023 tax returns, $1,900 for the following year, and $2,000 for 2025 tax returns.

The bipartisan tax negotiators have reached an agreement that will bring back common tax breaks for businesses and increase the child tax credit. Despite support from both sides, the bill faces an uphill battle to get through a fractured Congress. The blueprint restores company deductions for domestic study and innovation, as well as increases deductions for machinery and equipment purchases until 2025. It also increases the child tax credit to $2,000, and allows families who owe less than $1,000 on taxes to receive it as a refund. It would encourage families with multiple children to apply for the loan faster, and the tax credit would be adjusted each year for inflation.

On February 16, the Pennsylvania Democrat entered Walter Reed Medical Center, leaving him out of critical Senate seats, but his staff claims they have been in constant contact with him on work matters. In a tweet, 'Productive morning with Senator Fetterman at Walter Reed discussing the rail safety reforms, Farm Bill, and other Senate business's key issues.' 'John is on his way to recovery, and he wants to tell me how grateful he is for all the good wishes.' He's laser focused on PA, and he's back soon.' Fetterman signed bipartisan rail safety legislation after the train derailment in East Palestine while he was in the hospital. Fetterman, a member of the Agriculture Committee, has been involved in the construction of the farm bill which is up for re-election every five years.

Werfel argued that regaining taxpayers' confidence and improving customer service would be top priorities, at a time when critics are concerned that the department will use its $80 billion cash infusion to audit middle- and low-income individuals. 'If I am lucky enough to be confirmed, the investigation and compliance priorities will be focusing on strengthening IRS' ability to ensure that America's highest earners comply with applicable tax legislation,' Werfel said before the Senate Finance Committee on Wednesday. The front and center of Also will be rebuilt and greatly improve taxpayer service.' If confirmed, I will lead these efforts in close cooperation with this committee and be unyielding in the wake of my 'true north': to increase the public confidence, unheralded efficient collection of our taxes, and do everything possible to fund essential government services.'

This week, a coalition of Senate Republicans introduced a bill this week that would guarantee that the Internal Revenue Service will not audit Americans making under $400,000 a year as a result of the Inflation Reduction Act. The two-page bill puts into writing what IRS Commissioner Charles Rettig promised to senators in August that the IRS' ten-year, $80 billion cash infusion into the IRS was "absolutely not about tightening audit probes into small businesses or middle-income Americans," he said.'

According to a survey by the Congressional Budget Office, states that an amendment to Senator Mike Crapo's bill would result in $20 billion less tax dollars over the next ten years. His bill would have promised that Americans earning less than $400,000 would not be affected by the bill's $80 billion IRS increase. Crapo's amendment did not pass nor did the CBO score the bill before it was first accepted in the Senate by a 51-50 vote. The bill was passed by the Democrat-controlled House of Representatives on Friday. In either chamber, there were no Republicans who supported the bill.