Wealthy tax cheats have proven that with enough attack dog lawyering, they can litigate the IRS into submission and rip off working taxpayers for big money.

My own view is, the annual tax gap is at least double the official estimate and growing.

We can have an aggressive, proactive effort that reflects the seriousness of this.

I'm coming off 10 town halls in Oregon. When I hold those meetings--especially the ones during tax season--lots of Oregon taxpayers tell me they have a gut feeling they're being cheated.

My bottom line is, it is time to throw out business as usual on this.

I thank you for delivering this important wake-up call to this committee about the enormity of the cheating.

My view is, the annual tax gap is at least double the official estimate and growing.

A trillion dollars is a big number, and we are going to want to see big results in the next year.

I think that more--and particularly targeted enforcement efforts--is necessary.

The IRS needs more resources to tackle this challenge, but it is only just beginning to recover from a decade of Republican budget cuts.

The Biden administration's new budget proposal calls for a 10-percent increase in IRS funding. That is a good start.

Even the most conservative estimates of the annual tax gap put it in the hundreds of billions of dollars a year.

More and more wealth is building up in the hands of the fortunate few and big corporations.

The time has come for the United States to abandon its extraterritorial tax regime and join the rest of the world in adopting a system of residence-based taxation.

30 seconds' worth. First of all, we are protecting the lifeline for senior citizens by delaying the sequester cut to Medicare. We would have extraordinary problems if this cut were to be allowed to take effect. Second, we have defeated the…

the Senate is debating the nomination of Wally Adeyemo to serve as the next Deputy Treasury Secretary. I expect his nomination is going to pass with a big, bipartisan margin, but I want to take a few minutes to lay out a few reasons why…

The Trump law sold out the workers and in fact made us less competitive in the world.

Multinationals must pay a fair share, just like Americans who work for a living.

From 2016 to 2019, they dropped by one-third.

That report found that the Trump tax law slashed the average U.S. tax rate paid by the biggest mega-corporations by more than half.

Reserving the right to object. The PRESIDING OFFICER. The senior Senator from Oregon.

There was broad bipartisan recognition... that U.S. international tax policy before 2017 was unsustainable.

I think the tax competition actually ended a while ago.

The tax code needs to reward companies that invest and create good-paying jobs in the United States.

Despite this, Donald Trump and Republicans still sent the United States diving headlong into a global race to the bottom on corporate taxes.