Finance Committee Archives - Senator Steve Daines

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 Lands Critical Committee Assignments for Montana in the 117th Congress

February 3, 2021

U.S. SENATE —U.S. Senator Steve Daines today announced his committee assignments for the 117th Congress. Daines will serve on the U.S. Senate Committees on Finance, Energy and Natural Resources, Banking, and Indian Affairs. “It’s an honor to serve Montanans in the United States Senate,” Daines stated. “It’s a privilege to represent Montana on four important U.S. Senate committees where I will fight to protect Montana jobs and our Montana way of life. From policies overseeing trade and taxes, small businesses and banks, to energy development, public lands, national parks and forest management, to Tribal communities, I will continue fighting to put Montana first and bring Montana commonsense practices to Washington.” Daines’ committee assignments include

Daines to Biden Treasury Secretary Nominee: Help Support Montana Small Businesses, Do Not Raise Taxes

January 19, 2021

U.S. SENATE — U.S. Senator Steve Daines today pressed President-elect Biden’s Treasury Secretary Nominee Dr. Janet Yellen about the new administration’s plans to raise taxes, urging no new taxes be raised. To watch the exchange, click HERE. “I am concerned by President-elect Biden’s plans to increase taxes, and think that raising taxes in general, but particularly in the middle of a pandemic, is harmful for growth,” Daines said. In the hearing, Daines highlighted the economic growth the nation was seeing before the pandemic hit with historically low unemployment rates. Daines also urged Dr. Yellen to support his bipartisan bill, the “Retirement Savings Lost and Found Act” and

Investigation into Conservation Easement Scandal Underscores Importance of Daines’ Bipartisan Bill

August 25, 2020

U.S. SENATE – The U.S. Senate Finance Committee today concluded an investigation into the abuse of conservation easement tax benefits, further highlighting the need for reform and Daines’ bipartisan bill. Daines has been a leader on this issue, introducing bipartisan legislation to crack down on bad actors abusing the system. “The abuse of the charitable conservation easement tax incentive must be put to an end. In light of the conclusions of the Finance Committee’s report, I am urging the Senate to take up my legislation and put a stop to this fraudulent behavior once and for all,” Daines said. “My bipartisan

Daines Votes for Major Prescription Drug Pricing Reform to Lower Costs for Montanans, Save Taxpayers Billions

July 25, 2019

U.S. SENATE – U.S. Senator Steve Daines today voted to advance the bipartisan Prescription Drug Pricing Reduction Act of 2019 (PDPRA) out of the U.S. Senate Finance Committee. This major bipartisan prescription drug pricing reform package will help reduce out-of-pocket costs and lower prescription drug costs for Montanans. The package also saves Montanans and taxpayers over $100 billion. “From Great Falls to Miles City to Libby, Montanans are paying far too much for the medicine they need,” Daines said. “As Montana’s lone voice on the U.S. Senate Finance committee, I have made it one of my top priorities to lower prescription drug costs for Montanans.

Daines: We Must Protect Montana Seniors, Stop Nursing Home Abuse

July 23, 2019

U.S. SENATE – U.S. Senator Steve Daines today in a U.S. Senate Finance Committee Hearing emphasized the need to combat abuse and neglect in Montana’s nursing homes, including in a facility in Lewistown. Click HERE to download “When it comes to family members making the decision to find a nursing home for a loved one,” Daines said. “The last thing they should be worried about is whether their mom or dad, or grandfather or grandmother, will be safe from abuse in their new home… it’s time to push past the status quo.” Daines, while recognizing there are high quality nursing homes

Daines Bill Set to Generate $6.6 Billion in Federal Revenue

July 11, 2019

U.S. SENATE– U.S. Senator Steve Daines today announced his bill, the Charitable Conservation Easement Program Integrity Act of 2019, will generate $6.6 Billion in federal revenue, according to the nonpartisan Joint Committee on Tax, by restoring integrity back to the conservation program. “My bipartisan bill will protect this critical conservation tool by stopping abuse from bad actors,” Daines said. “The massive $6.6 billion revenue estimate shows that, despite previous IRS guidance, abuses have continued and it demonstrates the need to bring integrity back to this program so it can be used for years to come.” The bill limits qualifying conservations contributions,

Daines: Montanans Don’t Want DC Bureaucrats Telling Them What’s Best for their Students

June 10, 2019

U.S. SENATE– U.S. Senator Steve Daines reintroduced the Academic Partnerships Lead Us to Success Act (A-PLUS Act), a bill that would give Montanans more say over how their tax dollars are spent on education. “Montana’s students deserve the best education our schools can give them,” Daines said. “Montana educators and administrators know what their students need to succeed better than DC bureaucrats. That’s why I introduced this bill to expand local control of our schools so we can return federal education dollars back where they belong — closer to the classroom.” Elsie Arntzen, Montana State Superintendent of Public Instruction, supports Daines’

Daines Introduces Bipartisan Bill to Increase Transparency, Accountability in Drug Pricing

April 29, 2019

U.S. SENATE – U.S. Senator Steve Daines today introduced a bipartisan bill to shed light on the drug pricing process and the middlemen responsible for negotiating prescription drug costs. “Montanans can’t afford to keep paying the outrageous costs of prescription drugs,”Daines said. “Transparency and accountability in drug pricing is long overdue. That’s why I’m introducing this bill to protect Montanans and ensure those responsible for negotiating drug prices are focused on driving costs down, not lining the pockets of their own industry.” The bipartisan bill, the Prescription Pricing for the People Act of 2019, helps shed light on the pharmacy benefit manager (PBM) industry

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 Committee