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Daines and his heirs could personally benefit $2 million from more lax tax laws

WASHINGTON, D.C. — Earlier today, Senator Steve Daines (R-MT) was reported as saying he saw making the pass-through deduction permanent, a provision in the 2017 tax law that overwhelmingly benefited the wealthy, as “‘non-negotiable.’” or Daines was so adamant about fighting for tax reductions for the wealthy that he said this was a “hill” he was “willing to die on.”

What he didn’t say? That he personally could stand to gain millions from making the pass-through deduction and estate tax exemption permanent.

Daines is connected to a staggering $17 million in real estate, with millions made through rent on his properties. Daines could benefit from an additional $2 million in tax cuts by making the pass-through deduction and other provisions permanent. Paid for by billions in cuts to the federal programs that tens of millions rely on for health care and lower grocery costs.

SHOT (via Punchbowl News):  

Daines on why permanent tax cuts is ‘the hill I’m willing to die on’

CHASER: According to a report from Americans for Tax Fairness:

“Daines voted for the Trump-GOP tax law. He received up to around $4 million in rent on commercial office buildings in 2023, income that might be eligible for the pass-through loophole. If it is, he might have saved up to $300,000 in taxes that year. The Trump law exempts $28 million from the estate tax, so the law would exempt the Daines’ fortune; if the senator is successful in preventing the stronger form of it from returning in 2026, he could save his heirs $2 million.”

“It is telling that Senator Daines only said it was ‘non-negotiable’ to fight for more tax giveaways that he could personally benefit from,” said Accountable.US Executive Director Tony Carrk. “For all this talk about looking out for working families, Sen. Daines unmasks whose side the congressional Republicans are on: protecting big corporations and their wealthy donors. Our elected leaders should be going to the mat for working families, not for their own bottom line.” 

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