Tag: Small Business

KTVH: Montana business leaders express concerns over proposed federal rule

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

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

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

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

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

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

Daines Delivers Targeted COVID-19 Relief for Montana

U.S. SENATE – U.S. Senator Steve Daines today voted for a COVID-19 relief package to help support Montana small businesses, workers, families, schools, Tribes, and farmers and ranchers impacted by the pandemic. The relief package also includes nearly $20 billion for COVID-19 vaccine distribution.   To download the full statement, click HERE.  “This bipartisan targeted COVID-19 relief package is going to help Montana small businesses, workers, families, healthcare heroes, schools, Tribes and farmers and ranchers. It also provides billions of dollars for vaccine manufacturing and distribution which is critical to ending this pandemic once and for all. This has been a tough

Daines Fights for Montana Brewers

U.S. SENATE – U.S. Senator Steve Daines today cosponsored the Craft Beverage Modernization and Tax Reform Act to permanently reduce the excise tax on Montana’s small craft breweries. This bill will make a provision included in the Tax Cuts and Jobs Act permanent, which Daines supported in 2017. “All across Montana, we’re home to breweries that support our barley growers and create high-paying jobs,” Daines said. “I look forward to making these changes that were included in the Tax Cuts and Jobs Act permanent, which will help continue to drive the success of these small businesses across our state and

Daines Fights for Certainty for Montana Ranchers

U.S. SENATE – U.S. Senator Steve Daines introduced the Modernizing Agricultural Transportation Act to provide Montana ranchers with certainty in delaying the Electronic Logging Device (ELD) mandate and reforming Hours of Service (HOS) regulations. “Montana’s ranchers and livestock haulers drive Montana’s economy,” Daines said. “We must find a solution that keeps our roads safe and allows Montana’s agricultural commodities to get to market humanely and on time. I’ll continue pushing to provide our ranchers and livestock haulers with certainty and remove undue burdens from their businesses.” The legislation indefinitely delays the ELD mandate for ag haulers and requires the Department

Daines Supports Montana’s Brewers Efforts

U.S. SENATE — Senator Steve Daines today announced two new efforts to promote the growth of small craft breweries, a growing industry in Montana that has a significant impact on the state’s economy.  Daines sponsored, S. 1562, the Craft Beverage Modernization and Tax Reform Act, which reduces the excise taxes on beer, wine, and distilled spirits.  Daines recently joined the bipartisan Senate Small Brewers Caucus, established in June 2011, to “provide a forum for members of the Senate and their staffs to discuss the issues important to small brewers while exploring what lawmakers can do to strengthen the growth and role of