Small Business Archives - Senator Steve Daines

Daines Urges Trump Administration to Reverse Biden-Era Initiative Unfairly Targeting Main Street Businesses

May 16, 2025

U.S. SENATE – U.S. Senator Steve Daines joined Senators Marsha Blackburn (R-Tenn.), John Barrasso (R-Wyo.) and James Lankford (R-Okla.) in sending a letter to the U.S. Department of the Treasury urging review of a harmful Biden-era Internal Revenue Service (IRS) pass-through compliance unit. This IRS unit was created at the direction of President Biden and would create disproportionate compliance burdens and unfairly target small businesses. “Pass-through entities form the bulk of Main Street businesses across the country. This includes countless family businesses, professional services firms, and real estate ventures that serve as the backbone of our local economies. Taxpayers have the lawful

Daines, Leader Thune, Republican Colleagues Introduce Bill to Give Small Businesses Permanent Tax Break

January 23, 2025

U.S. SENATE – Amid ongoing discussions on the permanency of President Trump’s tax cuts, U.S. Senator Steve Daines (R-Mont.), Majority Leader John Thune (R-S.D.) and 33 Republican Senators introduced the “Main Street Tax Certainty Act” to make the 20 percent pass-through business tax deduction permanent. Should these tax cuts expire, small businesses will face an immediate and massive tax hike. “As the son of a contractor, I’ve seen firsthand the hard work it takes to keep a small business flourishing- especially as Americans are still grappling with the effects of Joe Biden’s inflation. It’s absolutely crucial that we pass this legislation to prevent a 20

Daines Calls for Permanent Tax Break for Small Businesses

September 25, 2024

U.S. Senator Steve Daines today was joined by The National Federation of Independent Businesses (NFIB) President Brad Close for a press conference on the importance of stopping the massive tax hike on small businesses. They, along with small business owners called for passage of Daines’ “Main Street Tax Certainty Act,” which makes the 20 percent tax deduction for small businesses permanent. Download Daines’ remarks HERE. “Well, thanks for coming out today. I’m just honored and thrilled to be standing here with so many small business owners from across America. “I grew up as the son of a contractor. Mom and dad had a small home-building business

Daines Calls for Permanent Tax Break for Small Businesses

September 25, 2024

KTVH: Montana business leaders express concerns over proposed federal rule

February 9, 2024

By: Jonathon Ambarian Posted at 6:44 PM, Jan 08, 2024 and last updated 8:50 PM, Jan 08, 2024 HELENA — A federal agency has proposed a new rule that would expand which businesses have to be involved with certain labor negotiations. Supporters say it will fix a loophole and protect workers’ rights, but some business leaders in Montana are raising concerns about the impact it could have. The National Labor Relations Board is preparing to implement a new “joint employer rule.” It says companies that can exert control over the terms and conditions of someone’s employment – like wages, schedule, hiring and working conditions –

Daines Presses Big Bank CEOs on Biden’s Anti-Small Business Regulations

December 6, 2023

Stands Up for Montana Small Businesses at Senate Banking Hearing U.S. SENATE – U.S. Senator Steve Daines today at a Senate Banking hearing pressed leaders of the nation’s largest banks on the effects of the Biden administration’s recent proposal on small businesses’ borrowing capabilities. Click HERE to download the exchange. Daines asked JPMorgan Chase CEO Jamie Dimon how the Basel III Endgame proposal would impact banks’ ability to lend to Montana small businesses. Daines: Earlier this year, we saw a series of bank failures, which were among the largest in our nation’s history. These failures, in my opinion, were due to gross mismanagement by bank executives

At Senate Banking Hearing, Daines Presses Regulators on New Anti-Small Business Rule

November 14, 2023

New Regulation Would Hurt Montana Small Businesses U.S. SENATE – U.S. Senator Steve Daines today at a Senate Banking hearing pressed the Federal Reserve (Fed) Vice Chairman Michael Barr about the new Basel III Endgame proposal that would limit credit availability to Montana small businesses and Montana farmers and ranchers. Earlier this week, Daines joined his Republican colleagues in urging the Fed to immediately withdraw this proposal. Watch Daines’ opening remarks HERE. “This proposal will limit credit availability to small businesses. I’m hearing it in both ears from our businesses back home across Montana. We had four Montana small business owners in the office this

Daines Reintroduces Bipartisan Bill to Increase Public Safety, Support Montana Small Businesses

April 26, 2023

U.S. SENATE— U.S. Senator Steve Daines today introduced a bipartisan bill, the “Secure and Fair Enforcement (SAFE) Banking Act,” to ensure that legal cannabis businesses have access to banks, credit unions and other financial institutions. Today, many legal cannabis businesses must conduct all of their business entirely in cash, opening them up to theft, tax evasion and organized crime. “Montanans should be able to conduct their small business without fearing for their safety,” Daines said. “Our bipartisan bill would provide the security and peace of mind that legal Montana cannabis businesses need to freely use banks, credit unions and other financial products without a fear of punishment. This bill will help keep our Montana communities safe, keep crime off

Daines Introduces Bipartisan, Bicameral Bill Making Tax Relief for Small Businesses Permanent

February 26, 2021

U.S. SENATE – U.S. Senator Steve Daines today introduced bipartisan, bicameral legislation to make the 20 percent pass-through small business tax deduction permanent. His bill, the “Main Street Tax Certainty Act,” will support small businesses, help create jobs and strengthen our economy. Without congressional action the tax deduction will expire at the end of 2025. “Montana small businesses help our communities thrive and prosper–they’re what make our hometowns feel like home,” Daines said. “Making this main street tax relief permanent will provide the certainty needed to help Montana small businesses stay afloat, create more jobs, and expand their operations.” Read the full text HERE. The 2017 Tax Cuts

Daines Bill Providing Permanent Tax Relief for Montana Breweries, Distilleries Signed Into Law

December 29, 2020

U.S. SENATE—U.S. Senator Steve Daines’ bipartisan bill supporting Montana breweries and distilleries across the state was recently signed into law. Daines’ bill, the “Craft Beverage Modernization and Tax Reform Act,” provides permanent tax relief for small craft breweries and distilleries, supporting jobs across Montana. “In Montana, we’re home to some of the best craft breweries in the country. Now, with my bipartisan bill being signed into law, these small businesses will have permanent tax relief which will create jobs across Montana and support our Montana barley growers,” Daines said. Daines’ bill makes the excise tax relief enacted by the “2017 Tax

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