Democrats’ Historic Tax Hikes and IRS Spying Would Hurt American Workers and Help China


WASHINGTON, D.C. (October 6, 2021)- – U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding Democrats’ reckless tax and spending spree: “President Biden makes two claims about the reckless taxing and spending spree that Democrats are writing behind closed doors. He is saying it…

READOUT: Secretary of the Treasury Janet L. Yellen’s Call with European Commissioner for Economy Paolo Gentiloni


WASHINGTON -- Earlier today, U.S. Secretary of the Treasury Janet L. Yellen spoke with European Commissioner for Economy Paolo Gentiloni. Secretary Yellen and Commissioner Gentiloni discussed advances in efforts to reshape the global tax system, which will ensure that profitable corporations pay their fair share and provide governments with the…

EU and US Exchanged Views On Topics of Mutual Interest As Part of Their Financial Regulatory Dialogue


BRUSSELS (October 4, 2021) — EU and U.S. participants in the EU - U.S. Joint Financial Regulatory Forum (“the Forum”) met virtually, to exchange views on topics of mutual interest as part of their ongoing financial regulatory dialogue. EU participants included representatives of the European Commission, the European Banking Authority…

Federal Court Rules in Favor of Tennessee, Kentucky Halts Unconstitutional Tax Mandate


Nashville (September 27, 2021) – A U.S. district court has ruled in favor of Tennessee Attorney General Herbert H. Slatery III and Kentucky Attorney General Daniel Cameron in their lawsuit to stop the Biden Administration from enforcing an unconstitutional tax mandate. The mandate in the American Rescue Plan Act prohibits…

Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit


WASHINGTON (August 3, 2021)  — U.S. Secretary of the Treasury Janet L. Yellen sent a letter to Congressional leadership regarding the debt limit. The full text of the letter is available here and below. The Honorable Nancy Pelosi Speaker U.S. House of Representatives Washington, DC  20515   Dear Madam Speaker: I write…