{"database": "press", "table": "releases", "rows": [["https://www.hoeven.senate.gov/news/news-releases/hoeven-meets-with-treasury-secretary-mnuchin-to-continue-efforts-to-pass-tax-relief-for-hardworking-north-dakotans-small-businesses-farmers-and-ranchers", "Hoeven Meets with Treasury Secretary Mnuchin to Continue Efforts to Pass Tax Relief for Hardworking North Dakotans, Small Businesses, Farmers and Ranchers", "2017-11-15", "2017", "2017-11", "Republican", "House", "ND", "John Hoeven", "H001061", "www.hoeven.senate.gov", null, null, "legacy", "11.15.17\n\t\t\t Hoeven Meets with Treasury Secretary Mnuchin to Continue Efforts to Pass Tax Relief for Hardworking North Dakotans, Small Businesses, Farmers and Ranchers \n\t\t\t\n\t\t\tWASHINGTON \u2013 Senator John Hoeven today met with U.S. Treasury Secretary Steven Mnuchin to continue working to provide tax relief for hardworking North Dakota families and small businesses. Hoeven highlighted the importance of ensuring that the tax package lowers rates for working Americans and small businesses.\r\n\u201cSecretary Mnuchin and I had a good meeting to talk about the importance of passing tax reform that modernizes and simplifies the tax code,\u201d said Hoeven. \u201cI really drove home the importance of providing tax relief for hardworking, middle-income Americans, as well as our small businesses, including our farmers and ranchers. They\u2019re the ones that create the majority of jobs in our economy and as they do so, they push wages and income higher for workers.\u201d\r\nThe draft Senate tax relief bill:\u00a0\r\n \r\nReduces 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\nAlso expands 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 for small businesses, farmers and ranchers.\r\nMaintains 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-###-\r\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-meets-with-treasury-secretary-mnuchin-to-continue-efforts-to-pass-tax-relief-for-hardworking-north-dakotans-small-businesses-farmers-and-ranchers"], "units": {}, "query_ms": 1.6086599789559841, "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"}