{"database": "press", "table": "releases", "rows": [["https://gianforte.house.gov/media-center/press-releases/gianforte-tax-reform-provides-hard-working-montanans-needed-tax-relief", "Gianforte: Tax Reform Provides Hard-Working Montanans With Needed Tax Relief", "2017-11-02", "2017", "2017-11", "Republican", "House", "MT", "Greg Gianforte", "G000584", "gianforte.house.gov", null, null, "legacy", "Washington, D.C. \u2013 Today, the Committee on Ways and Means released legislation to overhaul the nation\u2019s tax code for the first time in 31 years. The Tax Cuts and Jobs Act lets hard-working Montanans keep more of what they earn. Under the measure, a typical middle-income family of four receives a tax cut of $1,182.\nThe legislation lowers individual rates for low- and middle-income Americans, helps families with the expenses of raising their children, and makes it easier to file taxes. The measure reduces rates for businesses of all sizes and encourages business investment, which grows the economy, jobs, and wages.\nMontana Congressman Greg Gianforte welcomed the Tax Cuts and Jobs Act.\n\u201cTax reform provides hard-working Montanans with needed tax relief. The plan reduces rates for low- and middle-income Montanans, allowing them to keep more of what they earn. A typical family of four, earning $59,000, will receive a $1,182 tax cut.\u201d Gianforte said.\n\u201cThis tax reform legislation promotes economic growth, creates more Montana jobs, increases Montanans\u2019 paychecks, and creates a fairer, simpler system,\u201d Gianforte stated.\n\u201cMontana families will see relief with lower rates, the doubling of the standard deduction, and the expansion of the child tax credit,\u201d Gianforte said. \u201cThe legislation preserves the home mortgage interest deduction, continues the deduction for charitable contributions, retains popular retirement savings options, and continues to allow people to write off the cost of state and local property taxes.\u201d\n\u201cImportantly, the bill also benefits Montana\u2019s family farmers, ranchers, and business owners by immediately reducing and ultimately repealing the death tax,\u201d Gianforte added.\n\u201cThe legislation makes the U.S. competitive with other countries again. This tax reform bill brings back jobs to the U.S.,\u201d Gianforte said, \u201cand it encourages business investment which will jump start our economy.\u201d\nThe Tax Cuts and Jobs Act is a pro-growth plan to overhaul our nation\u2019s tax code for the first time since 1986. The legislation ensures hard-working Montanans will can keep more of what they earn, encourages Montana businesses to invest and hire more workers, and leads to greater economic growth.\nThe bill lowers tax rates to zero, 12 percent, 25 percent, and 35 percent, while maintaining the current rate for high-income Americans. The standard deduction nearly doubles to $24,000 for couples and $12,000 for individuals. The legislation establishes a new family credit, which includes expanding the child tax credit.\nThe bill limits the maximum tax rate for small business income to 25 percent \u2013 the lowest rate on small businesses since World War II. The measure lowers the corporate tax rate to 20 percent \u2013 down from 35 percent, among the highest in the industrialized world. The legislation encourages business investment by allowing businesses to immediately write off the full cost of new equipment.\nFinally, the bill reduces and ultimately repeals the death tax, which will benefit family farmers, ranchers, and small businesses in Montana.\nThe Ways and Means Committee is expected to take up the bill on Monday, November 6.\nMore information about the Tax Cuts and Jobs Act may be found on the Ways and Means Committee\u2019s website and at fairandsimple.gop.", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://gianforte.house.gov/media-center/press-releases/gianforte-tax-reform-provides-hard-working-montanans-needed-tax-relief"], "units": {}, "query_ms": 1.2531469110399485, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}