Sen. Charles Grassley (R-Iowa)

 

Senator Chuck Grassley (R-Iowa)

Thursday, January 23, 2020

Wall Street Journal: To Stay Awake in Trial’s Wee Hours, Grassley Sleeps In—Until 7:20 a.m.

https://images.wsj.net/im-146838/landscape

Sen. Chuck Grassley, 86, is usually in bed by 8:30 or 9 p.m., so the late nights he has been keeping at the impeachment trial of President Trump haven’t been easy for him.

The Iowa Republican says his secret for staying awake has been to sleep in longer—and then take a bracing run through his northern Virginia neighborhood.

Typically Mr. Grassley rises at 4 a.m. to run. He manages 3 miles, four times per week. But on Thursday he woke at the indulgent hour of 7:20 a.m.

There are some benefits to the later wake-up time, he said. “I’m able to do it in daylight.”

A reporter asked if he ponders the trial’s evidence and arguments while he is jogging. The answer, Mr. Grassley said, is decidedly no.

“This is going to sound sentimental to you, but my period of running is not only for exercise,” he said. “It’s a time when I discuss things with God.”

 

LINKhttps://www.wsj.com/livecoverage/trump-impeachment-trial/card/1579811812

 

Friday, January 10, 2020

Q & A: New Year, New Tax Season – Chuck Grassley 

“Americans are ringing in the New Year with rising wages, historic low unemployment rate, robust stock markets and low inflation. Rolling back the Trump tax cuts would usher in a climate of uncertainty and dial back economic prosperity. As chairman of the tax-writing Senate Finance Committee, I’ll continue to advance efforts to make the 2017 tax reform permanent and correct technical errors in the bill so individuals, farmers, and small businesses enjoy the full benefit of the new tax law,” Senator Chuck Grassley wrote in his weekly Q&A.

Q: What’s in store for 2020?

A: Passage of the Tax Cuts and Jobs Act in 2017 delivered across-the-board tax relief and more take-home pay for American workers, helping families make ends meet and small businesses to grow and invest in their operations. For U.S. households, the overhauled federal tax code increased tax credits for families with children, expanded the standard deduction and limited the alternative minimum tax. It also restored fairness and a competitive tax regime for corporations, lowering the federal rate from 35 percent, restricting offshore tax havens and encouraging companies to bring their overseas profits back to the United States. Across the country, the Trump tax cuts expanded consumer purchasing power, helping drive the longest economic expansion in U.S. history. Americans are ringing in the New Year with rising wages, historic low unemployment rate, robust stock markets and low inflation. Rolling back the Trump tax cuts would usher in a climate of uncertainty and dial back economic prosperity. As chairman of the tax-writing Senate Finance Committee, I’ll continue to advance efforts to make the 2017 tax reform permanent and correct technical errors in the bill so individuals, farmers, and small businesses enjoy the full benefit of the new tax law. We’ll also pursue other priorities that we began last year, such as retirement and pension reform, building on the passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act and helping ensure that multiemployer pension plans like Central States can provide retirement benefits over the long term.

Additionally, I’ll continue pressing forward in 2020 as a taxpayer watchdog. These efforts include my oversight work to uphold the integrity of federal tax laws and strengthen accountability at the IRS, including sharpening the effectiveness of the IRS whistleblower protection program to hold tax cheats accountable and restore even more revenue to the federal treasury. Since 2007, the IRS whistleblower program has recovered $5.7 billion. I’ve also stepped up my oversight of nonprofit hospital systems to ensure they’re fulfilling charitable care obligations as well as investigating unlawful tax avoidance schemes that cheat the taxpaying public and erode voluntary compliance.

Q: Why are syndicated conservation easements on your radar?

A: With many years of legislative and oversight experience under my belt writing federal tax policy, I work to ensure tax laws are administered as fairly and effectively as possible. As chairman of the nonpartisan Joint Committee on Taxation, our bicameral committee considers tax expenditures and tax revenue estimates to inform lawmakers throughout the stages of writing tax policy. It’s vital for Congress to know how proposed changes would affect taxpayers, government benefits and programs. I also work to hold the federal tax-collecting agency accountable and have spearheaded laws to restore customer service at the Internal Revenue Service (IRS). That’s why I’ve written several updates to my Taxpayer Bill of Rights to ensure taxpayers are treated with fairness. Our system of voluntary compliance depends on all taxpayers to fulfill their tax liability. As I often say, that means not a penny more and not a penny less. The tax gap reflects taxes that are owed compared to taxes that are paid. Last year the IRS reported a net tax gap of $381 billion, for a net compliance rate of nearly 86 percent. The IRS says the vast majority of noncompliance is attributed to underreporting income, thereby understating the amount of taxes owed. The private debt collection program that I helped create in 2004 has helped to improve IRS enforcement efforts and make the system fairer for law-abiding citizens. The IRS reports the private debt collection program collected nearly $213 million in 2019, which underscores the success of this public-private partnership. Wrongdoers who engage in illicit tax shelters create a bigger burden for law-abiding taxpayers to shoulder. It’s unfair and it’s illegal. Every year the IRS issues what it calls a “Dirty Dozen” list of tax scams and abuses. I’m actively investigating syndicated conservation easements with the committee’s top Democrat, Senator Ron Wyden of Oregon. Here’s how it works. Promoters appear to be twisting a legitimate tax tool called a conservation easement and distorting the tax benefit to game the system for profit. They appear to be selling bogus tax deductions on inflated appraisals, depriving the federal treasury of billions of dollars of revenue and besmirching the public good of charitable conservation. Conservation easements promote land conservation for public benefit by shielding land from development and preserving treasured lands for generations to come. A landowner redeems a charitable tax deduction for permanently removing the land from development. However, syndicated conservation easements appear to involve promoters overvaluing land to allow investors to scam the tax code for big-time profit. From the most recent IRS data available, approximately $20 billion in questionable tax deductions were claimed using conservation easements from 2010 to 2016. I’m investigating these transactions to find out what’s really going on in this area. When used as intended, conservation easements serve the public good by protecting natural resources and preserving cherished places for posterity. As the 2020 tax filing season gets underway, I’ll continue my legislative and oversight efforts to ensure the nation’s tax laws and federal tax-collecting agency are working effectively for Americans.

Opening day for paper and electronic tax returns is Monday, January 27, 2020. The IRS expects to process 150 million individual tax returns. Go to IRS.gov to check out available tools and information.

Charles E. Grassley, Chairman, Senate Committee on the Judiciary, Des Moines Office, 721 Federal Building, 210 Walnut Street, Des Moines, IA 50309, Phone: 515-288-1145; Fax: 515-288-5097.

Friday, January 10, 2020

Grassley Supports Resolution Praising Successful Mission to Eliminate Qasem Soleimani

 WASHINGTON – U.S. Sen. Chuck Grassley (R-Iowa) joined Sen. Ted Cruz (R-Texas) and 41 Senate colleagues in supporting a resolution honoring the members of the military and intelligence community who carried out the successful mission that killed Qasem Soleimani, the head of the Iranian Revolutionary Guard Corps-Quds Force (IRGC-QF) and a designated terrorist.

The resolution is modeled on a resolution unanimously supported by the U.S. Senate in 2011, after American forces killed Al Qaeda leader Osama Bin Laden.

“The U.S. response to Iran’s increasing provocations had been too measured, to the point that we risked Iran’s leaders mistaking restraint for weakness and encouraging further escalation. I support President Trump’s action and am proud to join this resolution honoring our men and women in uniform who led this successful mission,” Grassley said.

Charles E. Grassley, Chairman, Senate Committee on the Judiciary, Des Moines Office, 721 Federal Building, 210 Walnut Street, Des Moines, IA 50309, Phone: 515-288-1145; Fax: 515-288-5097.

Friday, January 10, 2020

Senator Chuck Grassley released statement regarding House of Representatives Speaker Nancy Pelosi and the Articles of Impeachment

Senator Chuck Grassley, Senate president pro tempore and Senate Finance Committee Chairman, today released the following statement regarding House of Representatives Speaker Nancy Pelosi announcing that she will soon transmit articles of impeachment to the United States Senate.

“Speaker Pelosi threw the United States Congress into unnecessary chaos with this pointless delay. From the beginning, it’s been unclear what the goal of this hurry-up-and-wait tactic was or what the country stood to gain. We now know the answer was nothing. We’ve had three needless weeks of uncertainty and confusion, causing even more division.

“After House Democrats delayed passing the United States-Mexico-Canada Agreement for nearly a year, the speaker’s indecision on impeachment will now keep the trade deal from being ratified for even longer. Farmers, ranchers, manufacturers and all American workers will pay the price.

“Regardless, I will take my role as a juror seriously and review the evidence presented by both sides before making any determination.”

 

Charles E. Grassley, Chairman, Senate Committee on the Judiciary, Des Moines Office, 721 Federal Building, 210 Walnut Street, Des Moines, IA 50309, Phone: 515-288-1145; Fax: 515-288-5097.

 

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