Key tax holdout to vote yes on starting debate
Sen. Steve Daines (R-Mont.) said Wednesday that he will vote to start debate on the Senate tax plan after negotiating a deal with GOP leadership.
“There has been some good progress for Main Street businesses in the tax cut bill. I was able to secure more than 60 billion in tax cuts for Main Street businesses,” Daines wrote in a tweet.
“These Main Street businesses will be able to provide more jobs and higher wages in Montana and across the country. I’ve seen enough progress to vote yes to move the debate forward.”
{mosads}Daines and Sen. Ron Johnson (R-Wis.) have both threatened to oppose the tax bill as they try to get more parity between corporations and pass-through businesses.
Pass-through businesses, such as partnerships and sole proprietorships, have their incomes taxed through the individual system on their owner’s returns. Many small businesses are pass-throughs.
Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed..