{"database": "press", "table": "releases", "rows": [["https://www.hoeven.senate.gov/news/news-releases/hoeven-holds-tax-reform-roundtable-with-bismarck-small-businesses", "Hoeven Holds Tax Reform Roundtable with Bismarck Small Businesses", "2017-11-20", "2017", "2017-11", "Republican", "House", "ND", "John Hoeven", "H001061", "www.hoeven.senate.gov", null, null, "legacy", "11.20.17\n\t\t\t Hoeven Holds Tax Reform Roundtable with Bismarck Small Businesses \n\t\t\t\n\t\t\tBISMARCK, N.D. \u2013 Senator John Hoeven today held a tax reform roundtable with local small business owners to highlight important provisions in the draft Senate legislation to provide tax relief for hardworking, middle-income North Dakota families and small businesses, including farmers and ranchers. The full Senate is expected to begin debate on the legislation after Thanksgiving.\u00a0\r\n\u201cWe\u2019re focused on providing tax relief for hardworking, middle-income families that enables them to keep more of their paycheck,\u201d said Hoeven. \u201cTax reform also needs to work for our small businesses, including our farmers and ranchers, because they are the engine of our economy. Lowering rates and modernizing the code will empower our businesses to grow, create jobs and increase wages for workers. The Senate is continuing to work on legislation to do just that and I appreciate having the input of North Dakota\u2019s small businesses.\u201d\r\nThe draft Senate tax relief bill:\u00a0\r\n \r\n\u2022 Reduces the tax burden on hardworking American taxpayers.\r\n\r\nProvides a net tax cut of about $1,500 for a median income family of four.\u00a0\r\nIncreases the standard deduction for individuals to $12,000 and married couples to $24,000.\u00a0\r\nIncreases the standard deduction for a single parent with dependents to $18,000.\u00a0\r\n9 out of 10 taxpayers will likely use the expanded standard deduction.\r\nDoubles the Child Tax Credit to $2,000 per child.\r\n\r\n \r\n \r\nBenefits to Small Businesses, Farmers and Ranchers\r\n\r\nFor the first five years, allows full expensing or writing off the cost of new investments.\r\nExpands the Section 179 expensing of equipment on a permanent basis.\r\nDoubles the estate tax exemption, while maintaining the step-up in basis for capital gains.\r\nMaintains interest deductibility as well as the property tax deduction for small businesses, farmers and ranchers.\r\n\r\n \r\nHoeven has repeatedly spoken on the Senate floor to outline tax reform priorities for the nation\u2019s farmers and ranchers.\u00a0 The senator has also held a series of roundtable discussions with the North Dakota small businesses and farmers and ranchers to gather input and advance tax reform.\u00a0\r\n-###-\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\n\t  \n\n\t\n\t\n\t\n\t\n\t \n\t\t\n\t\t\tPrint\n\t\t\n\t\t\n\t\t\t\n\t\t\tEmail\n\t\t\n\t\t\n\t\t\t\n\t\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\tTweet\n\t\t\t\n\t\t\n\t \n\t\n\t\n\n\t\n\t\n\t\n\t\n\t\n    \n\t\n\t\n    \n    \n    \n    \t\n    \t\n\t    \t  \n\t\t    \n\t\t    \tNext Article\n\t\t    \n\t\t    \n\t\t    \tPrevious Article", 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://www.hoeven.senate.gov/news/news-releases/hoeven-holds-tax-reform-roundtable-with-bismarck-small-businesses"], "units": {}, "query_ms": 1.5697251074016094, "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"}