{"database": "press", "table": "releases", "rows": [["https://www.crapo.senate.gov/media/newsreleases/crapo-wyden-smith-and-neal-introduce-bipartisan-bicameral-taiwan-tax-bill", "Crapo, Wyden, Smith and Neal Introduce Bipartisan, Bicameral Taiwan Tax Bill", "2023-10-19", "2023", "2023-10", "Republican", "Senate", "ID", "Mike Crapo", "C000880", "www.crapo.senate.gov", "crapo", "https://www.crapo.senate.gov/media/newsreleases", "scraper", "Washington, D.C.--Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chair Ron Wyden (D-Oregon), with House Ways and Means Chairman Jason Smith (R-Missouri) and Ranking Member Richard Neal (D-Massachusetts), formally introduced legislation to relieve double-taxation of investments between the U.S. and Taiwan.\n\n\u201cWithout question, deepening ties with Taiwan and its vibrant democracy is in our nation\u2019s best interests,\u201d said Crapo. \u201cBuilding off of the Finance Committee\u2019s unanimous support last month to strengthen those economic ties and encourage cross-border investment, today\u2019s introduction in both the Senate and the House marks an important next step in unlocking opportunities to help workers and businesses of all sizes get ahead in both the U.S. and Taiwan. In Idaho and throughout our country, our economic and strategic relationship with Taiwan is as important as ever, and I look forward to continuing our work to get this bill expeditiously passed into law.\u201d\n\n\u201cIt\u2019s a no-brainer for U.S. jobs and for America\u2019s national security to strengthen our economic partnership with Taiwan,\u201d said Wyden. \u201cToday is another important step forward toward relieving double-taxation on activityb between the U.S. and Taiwan, and supercharging chip manufacturing in America. It\u2019s not every day you see the bipartisan leaders of Finance and Ways and Means come together to introduce legislation. I\u2019m committed to continue working closely with Ranking Member Crapo, Chairman Smith and Ranking Member Neal to get our legislation over the finish line.\u201d\n\n\u201cAmerican and Taiwanese workers and businesses need relief from the double-tax burdens they face when operating across our borders,\u201d said Smith. \u201cThis legislation will encourage greater investment in our communities and create jobs while promoting prosperity for America and a key economic partner. By providing greater certainty for businesses small and large investing overseas, we can strengthen the foundation of our economic partnership in a key region of the world.\u201d\n\n\u201cAddressing cross-border economic burdens currently faced by American and Taiwanese businesses is urgent, and today\u2019s legislation not only reflects the expertise of both sides of the tax-writing Committees in Congress but also will provide relief to workers and businesses in both jurisdictions,\u201d said Neal. \u201cThe U.S.-Taiwan alliance is ripe for expanded investment, and this bipartisan, bicameral effort will strengthen ties, lead to more jobs, and spur the manufacturing industry. Passing much-needed legislation like this is exactly why House Republicans need to join with Democrats in finding a bipartisan path forward to get the House back up and running.\u201d\n\nThe U.S.-Taiwan Expedited Double Tax Relief Act passed unanimously out of the Senate Finance Committee last month. Earlier this year Congress overwhelmingly passed legislation to approve a new trade agreement with Taiwan, in another strong show of support for the U.S.-Taiwan alliance.", 1, "2026-03-30T01:40:41Z", "2026-04-08T00:49:26Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.crapo.senate.gov/media/newsreleases/crapo-wyden-smith-and-neal-introduce-bipartisan-bicameral-taiwan-tax-bill"], "units": {}, "query_ms": 0.9030750952661037, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}