News Releases

WASHINGTON, DC – In an effort to restore an important measure of fairness to the tax code, U.S. Senator Jack Reed is seeking to close the “carried interest” loophole, which lets Wall Street managers at investment partnerships treat... Read More

WASHINGTON, DC – At a time when essential federal programs from education to Medicare to defense spending are facing growing budget austerity, U.S. Senators Jack Reed (D-RI) and Richard Blumenthal (D-CT) are reintroducing the Stop Subsidizing... Read More

Over last five years, companies have received $1 billion in federal contracts paid for by U.S. taxpayers while using tax loophole Bill would ban federal contracts for companies that move their headquarters overseas to avoid paying their fair share of... Read More

21st Century Worker Tax Cut Act seeks to create and expand tax deductions for middle-class families Working Families Tax Relief Act aims to improve and expand Earned Income Tax Credit & Child Tax Credit WASHINGTON, DC – Seeking to reward... Read More

WASHINGTON, DC – In an effort to protect taxpayers, hold corporate wrongdoers accountable, and deter future fraud and abuse, U.S. Senators Jack Reed (D-RI) and Chuck Grassley (R-IA) are introducing bipartisan legislation to rescind tax... Read More

WASHINGTON, DC – U.S. Senator Jack Reed (D-RI), Senate Minority Whip Dick Durbin (D-IL), House Ways and Means Committee Ranking Member Sander Levin (D-MI), and Rep. Lloyd Doggett (D-TX) today introduced legislation to... Read More

WASHINGTON, DC – In an effort to protect taxpayers, hold corporate wrongdoers accountable, and deter future fraud and abuse, U.S. Senators Jack Reed (D-RI) and Chuck Grassley (R-IA) are introducing legislation to rescind tax write-offs for... Read More

WASHINGTON, DC - In an effort to prevent expatriate tax dodgers from reentering the United States, U.S. Senators Jack Reed (D-RI) and Chuck Schumer (D-NY) today filed an amendment to the immigration reform bill ensuring the U.S. Department of... Read More

WASHINGTON, DC – In the wake of revelations that the Internal Revenue Service (IRS) has singled out Tea Party-affiliated organizations for audits when they applied for tax-exempt status under section 501(c)(4) of the federal tax code, which... Read More

WEST WARWICK , RI – In an effort to support jobs in Rhode Island and create a level playing field for Rhode Island businesses, U.S. Senator Jack Reed, Governor Lincoln Chafee, and independent retailers today urged Congress to pass the... Read More

PROVIDENCE, RI - With four weeks until tax filing day (Monday, April 15), U.S. Senator Jack Reed (D-RI) today announced that there is over $3.1 million in unclaimed tax refunds waiting for 3,300 Rhode Islanders to claim it before April 15, or the... Read More

WASHINGTON, DC - In an effort to help local Main Street businesses compete more effectively against out-of-state Internet sellers and retailers, U.S. Senator Jack Reed (D-RI) today joined with a bipartisan group of 53 Senators and Representatives in... Read More

WASHINGTON, DC – By a vote of 51-48, the U.S. Senate today approved the Middle Class Tax Cut Act, legislation to extend tax cuts to all Americans for the first quarter of a million dollars of their annual earnings.  U.S. Senator Jack Reed... Read More

WASHINGTON, DC – In an effort to protect consumers and save U.S. taxpayers millions of dollars annually, U.S. Senator Jack Reed (D-RI) today voted for a bipartisan initiative to phase out the controversial sugar price-support program, which... Read More

PROVIDENCE, RI - With just over two weeks to go until tax filing day (April 17), U.S. Senator Jack Reed (D-RI) today announced that there is over $3 million in unclaimed tax refunds waiting for more than 3,400 Rhode Islanders to claim it before April... Read More

WASHINGTON, DC – Tonight the U.S. Senate voted to advance a measure that would end tax subsidies for large oil companies.  U.S. Senator Jack Reed (D-RI), a cosponsor of the Repeal Big Oil Tax Subsidies Act, wants to end corporate welfare... Read More

WASHINGTON, DC – Congress today approved a $143 billion measure to renew a middle-class tax cut, continue jobless aid for the long-term unemployed, and ensure seniors on Medicare can continue to have access to their doctors. U.S. Senator Jack... Read More

WASHINGTON, DC – Members of a key Congressional conference committee today reached agreement on a $150 billion plan to renew a payroll tax cut, continue jobless aid for the    long-term unemployed, and ensure seniors on Medicare can... Read More

PORTSMOUTH, RI – Attention shoppers: Your U.S. Senators are in aisle 1, discussing economic development and job growth. Today, U.S. Senators Jack Reed and Sheldon Whitehouse met with local business leaders and workers at the family-owned... Read More

WASHINGTON, DC – In an effort to boost the economy and help Rhode Island families, U.S. Senator Jack Reed is calling on Congress to cut every worker’s payroll taxes in half next year.  Extending and expanding the soon-to-expire... Read More