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Tag: Tax

Daines Statement on Double-Digit Obamacare Rate Increases

September 24, 2015

WASHINGTON, D.C. — Senator Steve Daines today released the following statement on the double-digit Obamacare rate increases for approximately 41,000 Montanans:  “Despite President Obama’s promises, health care premiums are not as affordable for many Americans as he claimed they would be. These steep premium increases make it harder to have access to affordable healthcare and create severe hardships for thousands of Montanans. It’s money that’s no longer in the pockets of Montanans. We need to ensure health care is affordable and accessible for all Montanans, and that starts with repealing Obamacare and its costly mandates, burdensome taxes and senseless regulations.” The average rate

Daines Secures Much-Needed Reforms for America’s Cybersecurity, Postal Service, Financial Services Sector

July 23, 2015

WASHINGTON, D.C. — Senator Steve Daines today secured provisions to safeguard American’s cyber infrastructure, protect rural postal service, reduce regulatory burdens and help Montana community banks and credit unions better serve their customers.  Daines joined the Senate Appropriations Committee today in approving the FY2016 Financial Services and General Government Appropriations Act. Daines secured key provisions to maintain six-day delivery through FY16 and urge the U.S. Postal Service to make good-faith efforts to either renew postal contract station agreements or find suitable alternatives to serve rural areas. In light of the Office and Personnel Management’s failure to report on numerous occasions

Montana Senators Introduce Bill to Make Indian Coal Production Tax Credit Permanent

May 18, 2015

WASHINGTON, D.C. – Montana Senators Steve Daines and Jon Tester today introduced legislation to permanently extend the Indian Coal Production Tax Credit (ICPTC). The ICPTC provides a crucial tax incentive to level the playing field for future development of the tribal coal resources that are currently subject to more regulatory requirements than comparable development on private, state or federal lands. The credit protects the economic viability of existing tribal coal mining projects, which support much-needed tribal jobs and provide a major source of non-Federal revenue for coal-producing tribes. “The Indian Coal Production Tax Credit is an essential tool in Montana

Daines Salutes Montana Small Businesses on Senate Floor

May 5, 2015

Senator Steve Daines today saluted Montana small businesses in recognition of National Small Business Week. During remarks made today on the Senate floor, Daines highlighted the important role that Montana small businesses hold in supporting Montana’s economy and creating good-paying Montana jobs. Daines also outlined many of the challenges facing Montana’s small businesses, and called for reforms that reduce Washington’s regulatory overreach, simplify the nation’s tax code and repeals and replaces Obamacare and its job-killing mandates. Below are key excerpts from Daines’ floor speech: “During ‘National Small Business Week,’ we recognize all of the hardworking Montana men and women who

NBC Montana: MT Republicans push repeal of ‘Death Tax’

April 15, 2015

MISSOULA, Mont. – On tax day, Senator Steve Daines, (R) Montana, Representative Ryan Zinke, (R) Montana, and the Montana Republican Party touted their support of a bill that would eliminate the federal estate tax. Republicans call it the death tax. In a press release, the Montana Republican Party said the measure would “protect 28,000 Montana farms and ranches from being unfairly punished by the federal government and ensure that future generations don’t face bankruptcy when their family farm is passed down to their children.” However, we did some digging and found that the number of people affected by the estate

On Tax Day, Daines Continues Fight to Repeal Death Tax

April 15, 2015

WASHINGTON, D.C. – Senator Steve Daines today marked “Tax Day” by continuing his efforts to stand up for hardworking Montanans and repeal the death tax. Daines has signed on as a cosponsor to S.860 the Death Tax Repeal Act of 2015, which would permanently repeal the federal estate tax, commonly known as the death tax. This bill would effectively end a long-standing tax on family farms, ranches, and businesses upon the death of an owner. “On tax day, we are once again reminded that our nation’s tax code places an undue burden and unnecessary hardship on hardworking Montana families, small businesses, farmers and ranchers,” Daines stated. “The death tax is a direct

Daines Investigates Importance of Coal to Tribal Economies

April 8, 2015

WASHINGTON, D.C. – Senator Steve Daines today chaired a Senate Indian Affairs Committee (SCIA) field hearing in Crow Agency, Montana on empowering Indian Country. Daines examined the need to responsibly develop coal resources as a vital component of the tribal economies along with the importance of access to international markets. Daines spoke with Crow Chairman Darrin Old Coyote regarding the Environmental Protection Agency’s (EPA) harmful policies that stand in the way of the tribes’ ability to develop their coal resources and create good paying jobs. Daines also questioned Chairman Old Coyote on the economic benefits of making permanent the Indian Production Coal Tax Credit. 

Daines Works to Encourage Job Creation, Investment

March 5, 2015

WASHINGTON, D.C. –Senator Steve Daines today announced that he has introduced bipartisan legislation to encourage investment, job creation and economic growth in Montana and across the nation. Daines joined Senators Roy Blunt (R-MO), Chuck Schumer (D-NY) and Ben Cardin (D-MD) in introducing the New Markets Tax Credit Extension Act of 2015. This legislation would make permanent the New Markets Tax Credit (NMTC) program, provide an annual allocation of credits indexed to inflation, and exempt NMTC investments from the Alternative Minimum Tax. NMTC attracts capital to low-income communities by providing private investors with a 39 percent federal tax credit for investments made in

Daines, Tester introduce bill to permanently ban government from taxing Internet

February 10, 2015

(U.S. Senate) –Senators Jon Tester and Steve Daines today introduced a bill to permanently ban federal, state and local governments from taxing access to the Internet. The Senators’ bill, the Internet Tax Freedom Forever Act, would permanently extend the current moratorium on taxing Internet access that is set to expire on October 1, 2015.  Montana is one of a few states that would automatically impose a 3.75 percent tax on Internet access if the moratorium is lifted. “The Internet provides instant access to information, allows small businesses to compete in a global marketplace, and strengthens education and health care,” Tester