United States Senator Mike Crapo - Idaho

*A Note From Senator
Crapo: *

We have entered the second half of the 119th Congress.
I
will continue serving as Chairman of the U.S. Senate Finance
Committee, which has jurisdiction over many matters related to:

-
federal tax policy;

-
federal social safety net and health care
programs, including Social Security, Medicare and Medicaid; and

-
implementation of foreign trade agreements.

The Finance Committee
has the broadest jurisdiction of any committee in Congress, the
substance of which directly impacts Idahoans' daily lives.
For a
comprehensive description of the Committee's jurisdiction, please
visit the Committee website HERE [link 1].



*Pro-Worker,
Pro-Business Success in Idaho*

On July 4, 2025, President Trump
signed the *Working Families Tax Cuts *into law.
This legislation not
only prevented the largest tax hike in history, but it also restored
and made permanent critical pro-growth tax provisions that are already
increasing domestic investment and boosting economic
growth.
Moreover, through policies like*the New Markets Tax Credit
(NMTC), *communities of low- and middle-income families have new
opportunities to flourish.

The NTMC program incentivizes investment
in low-income and rural communities across the country.
These
incentives have contributed to making Idaho one of the fastest growing
states in our nation: over the past 20 years, the program has brought
$470 million in private capital to projects across Idaho.

Business
owners feel confident making major investments in new production
facilities and other infrastructure when they have certainty.
As
Chairman of the Finance Committee, my top priority was to secure a
permanent expansion of the NMTC and other pro-growth tax provisions to
help fuel the economy.

*Watch this video* [link 2] about Pipeline
Plastics (or click the image below), a new facility in Rupert, to see
how the Working Family Tax Cuts are already creating jobs for
Idahoans.

You can read more about the NMTC *on my website HERE*
[link 3].

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[link 4]



*ICYMI* [link 5]*: Idaho receives $185 million award
to bolster rural health care infrastructure*

Also under the Working
Families Tax Cuts, I spearheaded the creation of the Rural Health
Transformation Program (RHTP) to supply $50 billion over the next five
years to support rural hospitals.
Rural providers have faced
challenges for years like low patient volumes and outdated technology,
resulting in higher compliance costs compared to their urban
counterparts.
This funding will help improve quality and access to
care in hard-to-reach areas.

At the end of December 2025, the
Centers for Medicare and Medicaid Services announced Idaho would
receive *$185 million *in 2026 from the RHTP.
The projects supported
by this grant will help Idahoans in remote areas get the care they
need, even long after the program ends.

Programs like the RHTP
allow states to tailor health care programs to the individual needs of
their communities instead of following a one-size-fits-all federal
strategy.
Americans from every state have good reason to celebrate
this significant investment in rural health care.

Read more via the
*Idaho Press HERE* [link 6], or on my *website HERE* [link 7].


*America Must Set the Tax Rules of the Road for
Cryptocurrencies*

In recent years, digital assets, such as
cryptocurrencies, have become an important part of our global
financial system.
Because of its jurisdiction over federal tax
policy, the Finance Committee is discussing how our tax code can
provide a clear framework to ensure American leadership in this
innovative industry.
As Congress further discusses these novel and
complex topics, the importance of getting this tax structure right
becomes even more apparent.
Simply put, our tax code must adapt its
treatment to new and diverse cryptocurrency products and functions.
I wrote about this topic in a recent opinion piece in the *Bonner
County Daily Bee* [link 8].
You can also read it *on my website here*
[link 9].



*Continuing to Address Health Care
Affordability*

As we enter the second half of the 119th Congress,
health care affordability remains one of the biggest issues in
America.
U.S. Senator Bill Cassidy (R-Louisiana) and I put forward a
fiscally responsible proposal to reduce premiums, save taxpayers'
money and give Americans control over their health care.
In line with
President Trump's call to give money directly to patients instead of
large insurance companies, our plan would provide pre-funded Health
Savings Accounts (HSAs) for low-income families.
Families could use
that money to cover costs not handled by their insurance policy,
resulting in lower costs as care providers compete to offer better
value to patients.

Although Democrats rejected that plan,
Republicans will continue to seek fiscally sustainable reforms that
address the root causes of rising health care costs.
We cannot
continue to throw good money after bad policy to paper over the cracks
in our health care system.

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[link 10]

Hear more in my recent interview with *KTVB HERE* [link
11].
You can also read and hear more about what I have said as
Chairman of the Finance Committee through the following links:

-
Americans Should Control Their Own Health Care [link 12]

-
A
Missed Opportunity for Real Health Care Reform [link 13]

-
Obamacare Has Undermined Health Care in America [link 14]

###


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Contact
Information:

Website:

Offices:
239 Dirksen Senate
Building
Washington D.C., 20510
Phone: (202) 224-6142

Idaho
Falls
410 Memorial Drive
Suite 205
Idaho Falls, ID 83402
Phone:
(208) 522-9779

Boise
251 East Front Street
Suite 205
Boise, ID
83702
Phone: (208) 334-1776

Lewiston
313 'D' Street
Suite 105
Lewiston, ID 83501
Phone: (208) 743-1492

Caldwell
524 East
Cleveland Blvd.
Suite 220
Caldwell, ID 83605
Phone: (208)
455-0360

Pocatello
275 South 5th Avenue
Suite 100
Pocatello,
ID 83201
Phone: (208) 236-6775

Coeur d' Alene
610 Hubbard
Street
Suite 209
Coeur d' Alene, ID 83814
Phone: (208) 664-5490
Twin Falls
202 Falls Avenue
Suite 2
Twin Falls, ID 83301
Phone:
(208) 734-2515

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