News Releases

WASHINGTON, DC – Thanks to a new federal law, thousands of Rhode Islanders will soon see their bank accounts grow.In an effort to help cover the costs of raising kids and boost awareness about federal efforts to reduce youth poverty, U.S. Senator... Read More

WASHINGTON, DC – U.S. Senators Jack Reed (D-RI) and Richard Blumenthal (D-CT), along with U.S. Representative Lloyd Doggett (D-TX), reintroduced the Stop Subsidizing Multimillion Dollar Corporate Bonuses Act (S. 178).  This legislation would close a... Read More

WASHINGTON, DC – Today marks the 13th anniversary of Earned Income Tax Credit (EITC) Awareness Day, a nationwide effort to increase awareness about EITC and free tax preparation sites in Rhode Island and nationwide. The federal EITC is a... Read More

PROVIDENCE, RI – The holidays are supposed to be a season of giving, but the partisan, corporations-first tax plan moving its way through Congress is making this a taxing time for many non-profits and charitable organizations. Today, U.S.... Read More

WASHINGTON, DC – Today, U.S. Senator Jack Reed issued the following statement: “This trickle-down tax plan is a disaster for the middle-class and threatens America’s long-term economic security.  It irresponsibly cuts... Read More

CRANSTON, RI -- Today, U.S. Senators Jack Reed and Sheldon Whitehouse held a press conference in Cranston with senior advocates from LeadingAge RI to warn that the Republican tax plan will victimize seniors, retirees on fixed incomes, and people with... Read More

WASHINGTON, DC - Today, after the U.S. House of Representatives passed an unpaid-for tax giveaway that is projected to cut Medicare and add $2 trillion to the federal deficit, U.S. Senator Jack Reed issued the following statement: “We need... Read More

WASHINGTON, DC - As the U.S. Senate gets set to consider tax reform, U.S. Senators Patrick Leahy (D-VT) and Jack Reed (D-RI) today introduced legislation to close a tax loophole that allows corporations to write off the punishment they receive... Read More

WASHINGTON, DC – Today, after House Republicans released tax legislation giving massive tax cuts to millionaires and wealthy corporations, while raising taxes on too many moderate-income families, and blowing a $1.5 trillion hole in the deficit... Read More

WASHINGTON, DC - U.S. Senator Jack Reed (D-RI) is urging the Trump Administration and Senate leadership to take a transparent, bipartisan approach to rewriting the tax code.  Reed joined with forty-four Senate colleagues in sending a letter... Read More

WASHINGTON, DC - After the Trump Administration provided an outline of its tax proposal, U.S. Senator Jack Reed issued the following statement: “The Trump tax plan is irresponsible and unrealistic.  It would be a windfall for the... Read More

WASHINGTON, DC – Today, U.S. Senators Jack Reed (D-RI) and Richard Blumenthal (D-CT), along with U.S. Representative Lloyd Doggett (D-TX), are introducing the Stop Subsidizing Multimillion Dollar Corporate Bonuses Act.  This legislation... Read More

PROVIDENCE, RI – In an effort to help working families keep more of the money they earn, boost Rhode Island’s economy, and provide local businesses with the financial stability and certainty they need to succeed, U.S. Senator Jack Reed... Read More

WASHINGTON, DC – Today Congress approved the $1.15 trillion Fiscal Year 2016 Consolidated and Further Continuing Appropriations bill, also known as the omnibus, that included many important provisions for Rhode Island families. U.S. Senator... Read More

WASHINGTON, DC – Today, U.S. Senator Jack Reed and four Senate colleagues urged the Chairman and Ranking Member of the Senate Finance Committee to offset the cost of the “tax extenders” legislation pending in Congress by... Read More

WASHINGTON, DC – U.S. Senator Jack Reed (D-RI) issued the following statement today after it was announced that pharmaceutical giant Pfizer plans to merge with Allergan, which has its corporate headquarters in Dublin, Ireland: “The... Read More

WASHINGTON, DC – U.S. Senator Jack Reed today applauded a series of actions announced by the U.S. Treasury Department aimed at curbing a practice known as “inversion,” in which U.S. companies move their headquarters overseas, but... Read More

WASHINGTON, DC – In an effort to restore an important measure of fairness to the tax code, U.S. Senators Jack Reed and Sheldon Whitehouse are seeking to close the “carried interest” loophole, which lets Wall Street managers at... Read More

WASHINGTON, DC – In an effort to get big oil companies to pay their fair share of U.S. taxes, U.S. Senator Jack Reed (D-RI) today joined with Senator Robert Menendez (D-NJ) and several of their colleagues in introducing legislation that would... Read More

WASHINGTON, DC — A bicameral group of seven Members of Congress today called for Inspector General (IG) investigations into federal contracts being awarded to Ingersoll Rand, in violation of federal law. Making the call were: U.S. Senator Jack... Read More