Tag: Tax

“One of the number one complaints I hear from businesses is the uncertainty of the tax code. Let’s make it permanent” WASHINGTON, D.C. – U.S. Senator Steve Daines today joined Fox Business’ Varney & Co, where he discussed the need to make President Trump’s tax cuts permanent and prevent a massive tax hike from hitting Americans. Watch the full interview HERE. Daines emphasized that a $4 trillion tax increase is on the line:  The reason they need to be made permanent is because tax cuts are a means to an end, and that’s economic growth, that’s wage growth. We’ve got to remove the uncertainty of Washington.

“The expiring provisions of the Tax Cuts and Jobs Act must be permanent and not sunset” U.S. Senator Steve Daines (R-Mont.), Majority Leader John Thune (R-S.D.), Majority Whip John Barrasso (R-Wyo.), Finance Chairman Mike Crapo (R-Idaho) and Senators Ron Johnson (R-Wisc.), James Lankford (R-Okla.), Roger Marshall (R-Kans.), Marsha Blackburn (R-Tenn.) and Thom Tillis (R-N.C.), members of the Senate Finance Committee, today sent a letter to President Donald Trump vowing to oppose any tax package that fails to make pro-growth and pro-family tax provisions in the “Tax Cuts and Jobs Act” permanent. “You were elected with a mandate to do big things. One

U.S. CONGRESS – U.S. Senator Steve Daines (R-MT) and Congressman Lloyd Smucker (R-PA-11) today shared a new study from Ernst and Young (EY) highlighting the economic activity supported by their small and family-owned business tax deduction. The Section 199A deduction provides a 20 percent deduction for pass-through businesses, allowing these businesses to reinvest their hard-earned capital, increase wages and hire more employees. The new study found that 2.6 million jobs and $325 billion of GDP are supported by the deduction. Daines and Smucker introduced the “Main Street Tax Certainty Act” to make this 20 percent pass-through business tax deduction permanent. “It’s no surprise that when we provide our small businesses

U.S. Senator Steve Daines today issued the following statement regarding the vote on the tax bill in the Senate: “It’s impossible to vote for Joe Biden and Kamala Harris’ spending blowout that led to recordinflation and then claim to support tax relief this close to an election and expect the American people to take you seriously. This is a cynical show vote that has no chance of becoming law. The American people will see through this charade and will hold Senate Democrats accountable in November.”