Search Results for: government spending – Page 5

Closing of Colstrip Plants would lead to loss of nearly 3,300 Jobs, cost Montana $1.2 billion in over 16 Years U.S. SENATE – U.S. Senator Steve Daines today called a recent report outlining the devastating consequences of the early retirement of Colstrip Units 3 and 4 a “chilling wake-up call” and pressed for immediate action to help protect the future of Montana’s Colstrip Power Plant. Today, the Montana Chamber of Commerce Foundation released a report showing that closing Colstrip Units 3 and 4 in the year 2027 is predicted to result in the loss of nearly 3,300 Montana jobs and cost the state $1.2 billion in lost

U.S. SENATE — As the Federal Reserve is expected to increase the interest rate next week, U.S. Senator Steve Daines today introduced legislation that would require congressional budgetary scorekeepers to account for interest costs incurred on borrowed funds needed for legislative proposals.  The Budgetary Accuracy in Scoring Interest Costs (BASIC) Act will include the cost of debt in both Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) analysis so that Congress can have the full picture of legislative costs to the American taxpayer.  “If I told you that when Congress employs gimmicks to shield you from knowing exactly how

U.S. SENATE — U.S. Senator Steve Daines today released the following statement on the White House’s announcement that the federal budget deficit will increase $162 billion from last year. “This latest projection of a surging deficit reaffirms the dramatic need to rein in our bloated government spending and implement necessary reforms to get our nation back on a sustainable fiscal path,” Daines stated. “Overspending and a lack of accountability in Washington, DC is consistently leaving our nation with a massive debt burden that our children and grandchildren will be forced to pay for. We desperately need to balance the budget

Joins Fox Business to Announce Introduction of Bill to Stop Taxing Tips, Slam Biden’s Border Crisis U.S. Senator Steve Daines today joined Fox Business’ Mornings with Maria to discuss his bill to eliminate taxes on tips and President Biden’s border crisis. Watch the interview HERE. Daines on His Bill to Stop Taxing Tips: It’s a stroke of genius by President Trump and it shows the American people how in touch he is with the challenges of the working class in our great country. This is an idea that came to President Trump from a waitress. She said, “why are they taxing my tips?”

U.S. Senator Steve Daines today at a Senate Finance Committee hearing with Treasury Secretary Janet Yellen delivered the following opening statement outlining how the Biden administration’s out of control spending and tax hikes have created economic hardship for working families: “My observation has been that the Administration has a pattern of saying one thing and doing something else, and that’s creating harm for Montanans. “First, you said inflation was transitory. And then we had Bidenflation’s 40-yea rhigh costs. The average taxpayer had $34,000 in lost wages and wiped out over $26 million low-income earners’ life savings. Finally, it took severe economic hardship for