{"database": "press", "table": "releases", "rows": [["https://www.hoeven.senate.gov/news/news-releases/hoeven-on-senate-floor-senate-tax-reform-provides-working-north-dakotans-small-businesses-with-tax-relief", "Hoeven on Senate Floor: Senate Tax Reform Provides Working North Dakotans, Small Businesses with Tax Relief", "2017-11-29", "2017", "2017-11", "Republican", "House", "ND", "John Hoeven", "H001061", "www.hoeven.senate.gov", null, null, "legacy", "11.29.17\n\t\t\t Hoeven on Senate Floor: Senate Tax Reform Provides Working North Dakotans, Small Businesses with Tax Relief \n\t\t\t\n\t\t\t\t\n\t\n\t\n\t\n\t\n\t \n\t\n\t\n\t\t\t\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\n        \n\t\t\t\t Legislation Will Spur Economic Growth, Help Raise Wages\n\t\t\t\n\t\t\t WASHINGTON \u2013 Senator John Hoeven continued working to pass tax relief for hardworking North Dakota families and small businesses, including the state\u2019s farmers and ranchers. The senator spoke on the Senate floor to highlight important priorities in the Senate\u2019s draft bill that will enable middle-income individuals and families to keep more of their paychecks.\u00a0\r\nHoeven has been working to ensure that the Senate bill meets the needs of North Dakotans. Last week, the senator held roundtables in Bismarck and Fargo to gather input from North Dakotans.\u00a0\r\n\u201cWe\u2019ve been working to provide middle class Americans with tax relief that will enable them to keep more of their hard earned money so they can invest in the future,\u201d said Hoeven. \u201cAt the same time, by lowering rates on our small businesses and our farmers and ranchers, we\u2019re empowering and growing our economy which will create good jobs and raise wages for workers. That\u2019s why we continue working to pass this tax relief plan.\u201d\u00a0\u00a0\r\nThe Senate Tax Relief Package:\u00a0\r\nReduces the tax burden on hardworking American taxpayers.\r\n \r\nProvides a net tax cut of about $2,200 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\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\nThe senator has repeatedly spoken on the Senate floor to outline tax reform priorities. Additionally, earlier this fall, the senator held a series of roundtable discussions in Minot, Grand Forks and Bismarck with the North Dakota small businesses and farmers and ranchers to gather input.\u00a0\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-on-senate-floor-senate-tax-reform-provides-working-north-dakotans-small-businesses-with-tax-relief"], "units": {}, "query_ms": 1.4596860855817795, "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"}