Fiscal Responsibility

In tough times, Montana families and businesses understand what it is like to live within their means. Washington’s culture of reckless spending and excessive borrowing is leading us down a dangerous path leaving our future generations with mountains of debt. The first bill I introduced as a member of the House and Senate, was the Balanced Budget Accountability Act. It ensures that Congress balances a budget, or members of Congress don’t get paid. It’s that simple: No balanced budget, No paycheck. 

The sustainable path to fiscal health won’t happen overnight, Congress needs to balance the budget. As a businessman, I will always work to bring commonsense to Washington, DC.

Daines, Colleagues Seek Nonpartisan Assessment of Democrats’ Reckless Inflation Wreckage on America’s Federal Debt

U.S. SENATE – U.S. Senator Steve Daines, member of the Senate Finance Committee and the Senate Banking Committee, today led a group of his colleagues in sending a letter to the nonpartisan Congressional Budget Office (CBO) demanding a swift and thorough assessment of the short and long term effects of the Democrats’ reckless spending and inflationary policies on the nation’s fiscal future. “We write to obtain CBO’s assessment of the effects of rapid acceleration of interest rates on net interest costs of servicing the $31-trillion-plus, and growing, federal debt, and effects of the runaway 40-year high consumer price inflation that has been hammering American families and

Daines: Inflation is a Tax on All Montanans

U.S. SENATE – U.S. Senator Steve Daines today issued the following statement after the September Producer Price Index (PPI) rose to 8.5% and the Consumer Price Index (CPI) climbed to 8.2% year over year. “Another month of crushing inflation means another month of Montanans struggling to put food on the table and gas in their pickups. Inflation is a tax on all Montanans, and those who can afford it the least, feel it the most,” Daines said. “President Biden and the Democrats need to wake up and put an end to their disastrous policies that are fueling sky-high inflation.”  Contact: Rachel Dumke,  Blake Kernen

Daines Statement on New Record Inflation Numbers

U.S. SENATE – U.S. Senator Daines today issued the following statement after the latest inflation numbers came out higher than expected at 9.1%, breaking a new 41-year record. “Yet another month of crushing inflation numbers breaking the bank for families across Montana. Montanans cannot afford President Biden’s disastrous economy and policies,” Daines said.  Contact: Rachel Dumke,  Blake Kernen  

Daines Introduces Legislation to Protect Montanans’ Retirement Savings from the Whims of Woke CEOs

U.S. SENATE – U.S. Senator Steve Daines introduced a bill to prevent financial institutions from prioritizing extraneous factors like environmental social governance over the security of workers’ retirement savings.  “Montanans should not have to pay the price for the whims of wokeness with their hard-earned life savings. Fiduciaries must remember their responsibility is to their shareholders, not the woke mob – these are financial institutions, not pop-up shops for the radical Left,” Daines said.  Daines’ “Securing Employee Retirement Returns Act” would codify the Trump Administration Department of Labor rules for fiduciaries under the Employee Retirement Income Security Act (ERISA).  Background:   On May 20, 2021 President Biden issued an Executive Order on Climate

Daines Introduces Bill to Protect Middle Class Savings Amid Skyrocketing Inflation

U.S. SENATE – U.S. Senator Steve Daines helped introduce the “Middle-Class Savings and Investment Act,” which will help Montana families invest towards their future amid this period of historic inflation and economic hardship. The bill would provide tax relief to lower and middle-income families and retirees as inflation outpaces the growth of their savings.  “From prices at the grocery store to the gas pump, President Biden’s economy is bankrupting Montana families and making it hard to plan for the future, or even tomorrow. This bill will help give hardworking, middle class Montana families a leg up by expanding tax free investment and retirement savings

Daines Announces Framework for Support for Families, Pregnant Moms

U.S. SENATE – U.S. Senator Steve Daines (R-MT) today announced the Family Security Act 2.0 which will help support Montana families. The pro-family, pro-life, and pro-marriage plan would modernize antiquated federal policies into a fully paid-for cash benefit for working families starting during pregnancy, amounting to $350 a month for each young child and $250 a month for each school-aged child.  “Families are the building blocks of our communities—we must ensure parents and children are receiving the support they need. Our plan will ensure policies are working for families while not adding to the national debt. This framework will strengthen our commitment to help working American families grow

Daines: Biden’s Budget Will Add Trillions to the National Debt, Worsen Inflation Crisis

U.S. SENATE – U.S. Senator Steve Daines released the following statement upon President Biden submitting his FY23 budget request to Congress.  “As Montana families are struggling with skyrocketing prices on everything from groceries to gas to rent, President Biden wants to pour fuel on his inflation dumpster fire with more big government, wasteful spending. His budget adds trillions to our national debt and recklessly spends Montanans’ taxpayer dollars on the far-Left’s liberal wish list,” Daines said. “At a time when Montanans are feeling the sting of the Democrats’ wasteful tax and spend agenda, we should be reining in government spending, not spending more.” Some

Daines Succeeds in Blocking Biden’s $450,000 Payments to Illegal Immigrants

U.S. SENATE — U.S. Senator Steve Daines announced that after leading the charge to stop President Biden from giving hundreds of thousands of taxpayer dollars to illegal immigrants who broke the law, Biden has backed off this effort and these settlement payments will not happen. “It’s about time. I’m glad my call to end the outrageous idea of giving hundreds of thousands of taxpayer dollars to illegal immigrants who broke the law was successful,” Daines said. “Now, President Biden must finally secure the southern border and end his border crisis for good.”   Background:  Daines has been leading the charge in the Senate

Daines Statement on New CBO Score Showing Biden’s Tax and Spend Spree Will Add $3 Trillion to Debt

U.S. SENATE —U.S. Senator Steve Daines released the following statement after the nonpartisan U.S. Congressional Budget Office (CBO) released a new analysis showing that the true cost of President Biden and Congressional Democrats’ reckless tax and spend spree bill will add $3 trillion to the national debt over the next 10 years.  “The nonpartisan budget analysis shows that the true cost of President Biden and Congressional Democrats’ reckless tax & spending spree will increase the national debt by $3 trillion. The Democrats can no longer continue to mislead the American people that this is ‘paid for.’ It’s not. To the Democrats, like the