I’ll continue giving Main Street and working families a voice as the Senate and House work together on a final bill.
Continue fighting for tax relief for Main Street businesses and working families as the final tax bill is drafted.
Occurrences
Evidence
On December 2, 2017, the Senate passed H.R. 1, the tax bill that became the Tax Cuts and Jobs Act, by a 51-49 vote. Steve Daines (R-MT) voted Yea on that roll call.
Congress.gov shows H.R. 1 became Public Law No. 115-97 on December 22, 2017. Its summary says the act reduced tax rates and modified policies, credits, and deductions for individuals and businesses, including a 20% deduction for qualified business income from pass-through entities.
The enrolled law text for Public Law 115-97 adds new individual tax brackets for taxable years beginning after December 31, 2017, and before January 1, 2026, and creates a temporary 20% deduction for qualified business income from partnerships, S corporations, and sole proprietorships.
Latest Action: 12/22/2017 Became Public Law No: 115-97. Congress.gov summary says the law amends the Internal Revenue Code to reduce tax rates and modify credits and deductions for individuals and businesses.
Public Law 115-97, section 11001, modified individual income tax rate tables for taxable years beginning after December 31, 2017, including 10%, 12%, 22%, 24%, 32%, 35%, and 37% brackets.
Public Law 115-97 includes Part II, Deduction for Qualified Business Income, and section 199A allowed a qualified business income deduction tied to 20 percent of qualified business income or related amounts.
For H.R. 1, the Senate vote page lists Vote Date: December 20, 2017; Vote Result: Motion Agreed to; YEAs 51, NAYs 48; and Daines (R-MT), Yea.
Axios reported that Steve Daines and Ron Johnson would vote yes after assurances of a larger pass-through deduction, and that Daines cited progress for Main Street businesses.
Assessments
The final federal tax bill, Public Law 115-97, was enacted on December 22, 2017 during Daines's Senate term and included individual tax-rate reductions plus a 20% qualified business income deduction for pass-through businesses. Daines voted yes on key Senate passage/final actions and evidence indicates he pressed for stronger Main Street pass-through relief during drafting, so the promised fight for tax relief was fulfilled in the same term.
The promised outcome was tax relief for Main Street businesses and working families in the final federal tax bill. That happened in Steve Daines's same Senate term when H.R. 1 became Public Law 115-97 on December 22, 2017, creating lower individual rates and a 20% deduction for many pass-through businesses. Candidate credit is sufficient for full delivery because the promise was to keep fighting during drafting, and Daines materially supported the bill at a decisive stage by voting for Senate passage before enactment.