Wyden supports free trade; While in the House of Representatives, he voted for the North American Free Trade Agreement and subsequently supported numerous trade deals in the Senate, one of the few Democrats to vote for the Central American Free Trade Agreement. However, he voted against free trade agreements with Chile, Singapore and Oman. “Our agreement is about tax regulations that are expiring and are essential for families, small businesses and our clean energy future.” The agreement expands and expands clean energy tax incentives, which have been instrumental in our transition to a low-carbon economy. It is important that the breaks for solar and wind energy have been preserved and that the incentives for a more energy-efficient building have been made permanent. Comprehensive reform of energy regulation in tax legislation is needed to reduce our dependence on the big oil companies, but we cannot risk falling behind if significant progress has been made on this front. “Importantly for consumers, mortgage debt relief will be tax-free for another five years. The agreement also extends tax credits for new markets and employment opportunities by five years to encourage investment in low-income communities and the hiring of workers who have difficulty finding well-paying jobs. In March 2002, when the Senate was unable to reach agreement on a bill to reform U.S. election procedures, Wyden said the bill was “not a corpse” and did not need to affect absentee voting systems in Oregon and Washington.

[23] “With respect to COVID relief, the agreement includes a version of my proposal to expand the Employee Retention Tax Credit and ensures that Congress` intent is met and that small businesses can deduct expenses covered by the Paycheck Protection Program. I raised this issue with Secretary Mnuchin and introduced a bill in May to address it, and this goal will be a great relief for small businesses in Oregon and the country. We are working to complete these provisions in the coming day. .