February 2014 Newsletter
In recent weeks, Sen. Levin announced results of an investigation into Swiss banks' involvement in tax evasion and the struggle to collect back taxes from tax evaders; welcomed progress for one of the nation's most important science facilities, a nuclear lab that will soon begin construction at Michigan State University; hailed Rep. John Dingell after he announced his retirement; and welcomed the announcement that Michigan will host a new federally supported advanced manufacturing hub.
Subcommittee report details Swiss tax evasion tactics
The Senate Permanent Subcommittee on Investigations, which Sen. Levin chairs, has spent several years examining the ways offshore banks have aided and encouraged certain 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 our own Justice Department hasn't done enough to collect back taxes from tax dodgers at Credit Suisse and other offshore banks.
MSU lab a victory for science and for Michigan's economy
At the beginning of the year, Congress passed an appropriations bill that included a big victory for Michigan, for Michigan State University, for our nation and for science. The legislation included full funding of $55 million for the Facility for Rare Isotope Beams at MSU. With funding in place, MSU can move forward this year on construction. MSU won the competition to host FRIB in 2008 over some tough rivals, including federal laboratories. That victory made a powerful statement about America's leadership in nuclear science and about Michigan's role in maintaining that leadership. FRIB is also a major boost for Michigan's economy, creating thousands of jobs as construction begins, and hundreds of high-skill, high-paying jobs to operate the facility once it's complete. Rendering of FRIB courtesy of MSU.
More news from Senator Levin
- Sen. Levin welcomed President Obama's announcement that Michigan will host a new federally supported center for research and development of new lightweight materials and create new opportunities for American manufacturing.
- He called Michigan Congressman John Dingell, who announced that he will retire at the end of this year, "a supreme fighter for working men and women who has built a record of accomplishment second to none."
- He joined other Great Lakes senators in urging the Army Corps of Engineers to devote funding approved by Congress to reducing the backlog of harbor maintenance projects on the Great Lakes.
- He welcomed passage of a new farm bill that includes provisions important to Michigan agriculture.
- With Michigan's Sen. Debbie Stabenow, he announced federal assistance to emergency response agencies in Walkerville; three Southeast Michigan communities; and Dryden Township.
- He welcomed a letter he received from former Secretary of State Hillary Clinton saying Congress should allow diplomacy on Iran's nuclear program to proceed without passing legislation that could derail talks.
- He chaired an Armed Services Committee hearing with the nation’s top intelligence officials on current and future threats to U.S. national security.