08.08.22

Daines Statement on Democrats Passing Their Reckless Tax & Spend Bill Out of the U.S. Senate

U.S. SENATE – U.S. Senator Steve Daines today issued the following statement after voting against President Biden and the Democrats’ $739 billion reckless tax and spend bill. 

“As Montanans continue to struggle with sky-high prices on everything from gas to groceries to housing, every single Senate Democrat voted to raise energy costs, give taxpayer dollars to the rich for electric vehicles, increase taxes and supersize the IRS to go after small businesses and families — it’s a slap in the face to Montana families,” Daines said. “The Democrats’ reckless tax and spend bill is bad for Montana families, bad for Montana energy jobs and bad for Montanans’ pocketbooks.” 

Senate Democrats voted against a slate of amendments that would make the bill less painful for Montanans, including Daines’ amendment to remove harmful policies that would increase costs on Made in Montana energy. 

Before the Democrats’ voted against Daines’ pro-energy amendment, he spoke on the Senate floor. Watch his remarks HERE.

Important facts to debunk the Democrats’ misinformation about their bill: 

It increases taxes on millions of low and middle class taxpayers. According to analysis from the Joint Committee on Taxation, in 2023 alone, those earning less than $200,000 per year will see a $16.7 Billion tax increase. By 2031, nearly two-thirds of the increased tax burden under the Democrats plan will fall on those earning less than $400,000 per year.

It supersize the IRS by spending over $45 BILLION to add over 80,000 new IRS agents to audit small and medium-size businesses and assert control over the lives and finances of Montanans.  

It gives thousands of dollars in tax credits to RICH PEOPLE for electric vehicles. Individuals making up to $150,000 are eligible for a $7,500 check—paid for by taxpayers—to buy expensive EVs.

It enacts massive taxes on local oil and gas producers, raising costs for Montanans fueling up their vehicles to get to work.

  

 Contact: Rachel Dumke,  Blake Kernen