March 2014 Newsletter
In recent weeks, Sen. Levin welcomed important victories for Michigan priorities from science research to national parks; emphasized the need to hold accountable those who use secret offshore bank accounts to avoid paying their taxes; and supported important new legislation to combat sexual assault in the military.
Michigan victories for science, parks and more
Michigan got important news in recent weeks including the president's request for full funding of the Facility for Rare Isotope Beams at Michigan State University, which also celebrated its groundbreaking; enactment of Sen. Levin's bill to protect thousands of acres at Sleeping Bear Dunes National Lakeshore as wilderness; millions of dollars in new funding for maintenance of Michigan harbors; and $35 million in federal funding for Michigan wildlife and recreation projects.
Tax dodging through secret accounts hurts honest taxpayers
The Senate Permanent Subcommittee on Investigations, chaired by Sen. Levin, has spent several years examining the ways offshore banks have aided and encouraged U.S. taxpayers in evading their responsibility to pay what they owe. By using secret bank accounts, these taxpayers conceal their income and therefore avoid paying taxes. The subcommittee recently issued its latest report, examining how one Swiss bank, Credit Suisse, attracted thousands of U.S. customers seeking to avoid U.S. taxes, and how the Justice Department hasn't done enough to collect back taxes from tax dodgers at Credit Suisse and other offshore banks.
More news from Senator Levin
- In a speech at Northern Michigan University, Sen. Levin said compromise is essential in addressing America's challenges.
- He pledged to monitor cleanup of an oil spill from an Indiana refinery into Lake Michigan.
- He issued a statement expressing hope that an appeals court hearing arguments on Michigan's gay marriage ban "will find as other courts have that this form of discrimination violates the fundamental American principle of equality under the law" and joined several colleagues in calling for federal recognition of the marriages of hundreds of Michiganians who married after a lower court's decision to throw out the ban.
- After Russia's invasion of Crimea, he called for the United States to work with allies to respond to Russia's aggression and he supported legislation in the Senate to aid Ukraine and sanction Russia.
- He issued a statement expressing concern over reports that the CIA may have improperly monitored the work of Senate staff.
- He supported legislation that added important new tools in the fight against military sexual assault.
- He led a group of 23 senators writing to President Obama on the need for Iran to abandon any pursuit of nuclear weapons and fully disclose its nuclear activities.
- He joined Sen. Charles Grassley of Iowa in welcoming a $1 million award to a group fighting for corporate transparency legislation such as a bill they have sponsored.