Finance Archives - Senator Steve Daines

Daines, Trump Treasury Nominee Talk Tax Permanency, Support for Montana Small Businesses at Senate Finance Hearing

January 16, 2025

U.S. Senator Steve Daines today discussed the importance of certainty and permanency of the tax code and the small business deduction with President Trump’s Treasury Secretary nominee Scott Bessent. Watch Daines’ and Bessent’s full exchange HERE. Daines: Chairman, thank you. Mr. Bessent, good to have you this morning. I think what we’re seeing here in this committee is we really do have a divide between two very different philosophies about how to go forward and what’s best for the American people in this economy and what’s best for global competitiveness. I remember sitting right in this chamber as we were debating whether or

Daines Slams Biden-Harris Tax Hikes on Small Businesses, Montana Families

September 12, 2024

U.S. Senator Steve Daines today at a Senate Finance Committee hearing slammed President Biden and Vice President Harris for waging a tax war on main street businesses and families already living paycheck to paycheck. Daines called out Vice President Harris’ plan to repeal the 20 percent deduction for small and family-owned small businesses. Daines is working to make this deduction permanent.Daines Slams Biden-Harris Tax Hikes on Small Businesses, Montana Families Watch Daines’ opening remarks HERE. “Despite their rhetoric, Vice President Harris and the Democrats are launching a war on our main street businesses and Americans who are already living paycheck to paycheck. In

Daines Leads Bipartisan Bill to Help Boost Montanans’ Retirement Savings

August 3, 2023

U.S. SENATE – U.S. Senator Steve Daines (R-Mont.), amember of the Senate Finance Committee, and Ben Cardin (D-M.D.) introduced an expanded version of the “Promotion and Expansion of Private Employee Ownership Act.” This bipartisan legislation will encourage retirement savings by bolstering the growth of S corporations that are owned by Employee Stock Ownership Plans (S-ESOP) and would make it easier for middle class Montanans to invest towards retirement. Additionally, the bill would eliminate barriers that Montana businesses and their owners currently face in establishing a new S-ESOP or expanding the employee-ownership stake in an S corporation. “While Montana workers and businesses struggle to navigate this challenging economy, it’s important we strengthen creative

Daines Presses Biden Administration on Protecting American IP from China, Bolstering Montana Exports and Overseas Trade

March 23, 2023

U.S. SENATE—U.S. Senator Steve Daines at a Senate Finance Committee hearing today questioned U.S. Trade Representative Katherine Tai on the administration’s actions to counter China’s growing intellectual property abuses and the importance of a robust trade agenda to Montana and America. On the importance of trade for Montana farmers, ranchers, and small businesses: Senator Daines: “Thanks for coming here today. I think about 95 percent of our world consumers live outside the United States and as a guy who represents a state where agriculture is the number one economic driver, it’s very important that we get market access for agriculture for

Daines, Stabenow, Grassley, Wyden Reintroduce Bipartisan Bill to End Abuse of Conservation Easements

December 16, 2020

U.S. SENATE – U.S. Senators Steve Daines (R-Mont.), Debbie Stabenow (D-Mich.), Senate Finance Committee Chairman Chuck Grassley (R-Iowa) and Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) reintroduced a bipartisan bill, the “Charitable Conservation Easement Program Integrity Act,” to stop the abuse of conservation easements, save taxpayers billions of dollars and promote conservation in the U.S. “Our bipartisan bill will promote conservation in Montana, save taxpayers billions of dollars and stop scam artists from abusing a critical conservation program used across the country,” Daines said. “This will help protect Montana farmers and ranchers who want to conserve our lands, and hold individuals accountable who are looking to game the system and pad their

Daines: Retirement Security is Critical for Montanans

December 9, 2020

U.S. SENATE – Today, at a U.S. Senate Finance Subcommittee hearing, U.S. Senator Steve Daines stressed the importance of retirement security for Montanans. At the hearing, Daines urged passage of his bipartisan retirement security bill, the “Retirement Savings Lost and Found Act”, to help Montanans hold on to more of their hard-earned dollars and better prepare them for a peaceful retirement. To download the Senator’s opening remarks click, HERE. For b-roll of the Senator on the hearing, click, HERE. “Montanans and the American people work hard and save up for decades with the hope of achieving a peaceful retirement – a retirement where folks don’t

Daines Pushes for Permanent Tax Relief for Montana Small Businesses

April 11, 2019

U.S. SENATE — U.S. Senator Steve Daines today introduced legislation to give small businesses permanent tax relief. Daines is pushing to make the small business tax deduction included in the Tax Cuts and Jobs Act of 2017 permanent. Currently, the tax deduction is set to expire at the end of 2025. “I championed the effort to make sure small businesses in Montana are on equal tax footing as corporations. Now, we must make this level playing field permanent to protect and grow Montana jobs,” Daines said. Daines championed the tax deduction for small businesses in the Tax Cuts and Jobs Act. The

Tag: Finance