Keep more money in your paycheck and give small businesses the certainty they need to operate and grow.
Keep more money in your paycheck and give small businesses the certainty they need to operate and grow.
Occurrences
I will continue fighting for balanced budgets and pro-business reforms that protect taxpayers today and ensure future generations are able to thrive and prosper.
Evidence
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Thanks to President Donald J. Trump’s signature Working Families Tax Cuts Act, millions of hardworking Americans are seeing bigger refunds and lower tax bills this Tax Day.
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Small businesses are also gaining new confidence and certainty, including comments that the Working Families Tax Cuts Act gives them confidence and certainty when they invest into their business by expanding jobs and implementing new technologies and equipment.
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IRS guidance current in the September 2026 lookback says the Working Families Tax Cuts significantly affect federal taxes, credits, and deductions, including increased standard deductions for tax years 2025 and 2026 and new deductions for qualified overtime pay, tips, and car-loan interest.
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Finstad's office said he supported H.R. 1, the Working Families Tax Cuts, after House passage and presidential signature, and described provisions for small businesses including permanent 199A treatment, higher 1099-MISC thresholds, full and immediate expensing, rural opportunity funds, and a $2.5 million small-business expensing limit.
Assessments
The promised outcome was broad tax relief for workers and greater operating certainty for small businesses. In later federal service, Finstad voted for H.R. 1, the One Big Beautiful Bill/Working Families Tax Cuts, which passed the House narrowly and was signed into law in 2025. IRS implementation materials and official statements show worker-facing tax reductions, including higher deductions and new tax benefits, and business provisions such as permanent 199A treatment, immediate expensing, higher reporting thresholds, and expanded small-business expensing. Because the delivery occurred after the campaign-linked term but while Finstad was still in Congress and he materially advanced it with his vote and advocacy, this counts as delivered with later_term timing.
The promised outcome was to reduce tax burdens for workers and improve certainty for small businesses. In federal office, Finstad supported and voted for H.R. 1, the 2025 tax package later described as the Working Families Tax Cuts/One Big Beautiful Bill Act, which was enacted after the original campaign context. The law included individual tax relief and small-business provisions such as permanent 199A treatment, expensing changes, and paperwork threshold changes. Because Finstad was a sitting House member who voted for and publicly advanced the legislation, the enacted outcome can be credited as delivered, with later_term timing.