Senator Smith is committed to fighting for more jobs and building a stronger economy, one that works for everyone so businesses grow and workers get better jobs with better pay, and so we can invest in infrastructure and manufacturing. Sen. Smith wants to address college affordability and expand career and workforce training for young people who don’t go to a four-year college.
Despite the fact that the economy is rebounding, too many Minnesota families struggle to make ends meet, face a job loss, or grapple with a shrinking pay check. Sen. Smith believes that in order to build an economy that works for everyone, we need a fairer tax code that supports working families, not just the wealthiest of Americans. We need paid family and medical leave for workers so that parents can stay home to take care of a newborn or a sick a family member without losing a paycheck. We need to pass the Paycheck Fairness Act to close the pay gap between men and women. We need fair trade policies that help Minnesota workers, businesses, and farmers get ahead, and we need to crack down on foreign countries that break international trade rules and put American workers out of jobs. We need to hold Wall Street accountable and make sure they don’t cause another economic collapse. We need to invest in small businesses and support entrepreneurs. And we need to help foster the next generation of Minnesota innovators by investing in research and development.
Sen. Smith is committed to building on Minnesota’s proud history of invention and creativity by supporting our classrooms, students, and our workforce. As a member of the Senate Banking, Housing, and Urban Affairs Committee, Sen. Smith will be standing up for consumers, working to ensure fair access to financial services for all Americans, and working to improve the availability and affordability of safe, decent housing for all Americans.
Latest Releases
U.S. Senator Tina Smith Requests Cost Estimate of Big Beautiful Bill’s Data Center Tax Incentives
WASHINGTON – U.S. Senator Tina Smith (D-MN), in her capacity as the top Democrat on the Senate Fiscal Responsibility and Economic Growth Subcommittee, is requesting an analysis to shed light on the extent to which OBBBA tax breaks went to data center development. Smith sent the request to the Joint Committee on Taxation after reports that some of the country’s largest corporations taking advantage of the generous corporate tax breaks in Republicans’ signature legislation to subsidize the development of data centers. “We’ve seen reports that tax breaks from the Big Beautiful Bill are being used by some of the biggest tech companies in the world to pad their pockets and boost the buildout of data centers. These companies have billions of dollars of revenues, and I question the fiscal rationale behind rewarding them for investments they would have made regardless of the tax benefits,” says Senator Smith. “How is it that Republicans could find the money for these massive companies to build deeply unpopular data centers, but not the money for health care and nutrition assistance? It’s complete hypocrisy and reeks of corruption, considering these same companies routinely donate millions of dollars to the President’s campaign.” Data centers and the trillion-dollar tech companies building them have reported record profits, which likely were boosted thanks to the OBBBA. OBBBA provisions most commonly utilized include expanded breaks for research and development programs, immediate deductions for the cost of investments, and a new subsidy for manufacturing structures. Senator Smith questions the fiscal rationale of
U.S. Senator Tina Smith’s Measures to Simplify, Update Tax Filings for Farmers and Consumers Passes Senate
WASHINGTON, DC – U.S. Senator Tina Smith (D-MN) successfully included two measures to help Minnesotans navigate their taxes in legislation that passed the Senate. Sen. Smith’s first measure would adjust the deadline for farmers to file their taxes to align with when most other Minnesotans would file theirs, while her second would require the IRS to track how often they make taxpayers re-submit the same paperwork due to bureaucratic errors. The measures were included in the Taxpayer Assistance and Service Act that passed the Senate unanimously. “Nobody enjoys filing their taxes, but what makes it even worse is how cumbersome and illogical our tax system is, particular for farmers,” said Sen. Smith. “These measures are simple, common-sense solutions. Farmers should get just as much time to prepare their tax filings as everyone else, and the IRS needs to keep track of how often it makes taxpayers submit the same document over and over again.” The Farm Tax Filing Deadline amendment will give farmers and fishers until Tax Day, April 15, to file their taxes without penalty. Under current law, farmers and fishers must file and pay estimated taxes by March 1 to avoid penalties. Meanwhile, most other taxpayers have until April 15 to file their taxes without penalty. The current earlier deadline left farmers and fishers scrambling to get all the paperwork done in time while everyone else gets an extra month and a half. The Reporting on Document Management to Avoid Duplicative Requests to Constituents amendment that requires the
U.S. Senator Tina Smith’s Bipartisan Bill to Extend Terrorism Risk Insurance, Support Housing Construction Passes the Senate Unanimously
Roughly 60 percent of American businesses have terrorism risk insurance, which is critical to major construction projects WASHINGTON, DC – U.S. Senator Tina Smith’s bipartisan legislation
U.S. Senator Tina Smith, MN Housing Organizations Unveil New Legislation to Build More Homeless Shelters, Upgrade Aging Shelters and Permanent Supportive Housing
In Minnesota, more than 6,500 people stay in shelters every night, with many shelters operating at or near capacity WASHINGTON, D.C. – U.S. Senator Tina
U.S. Senators Amy Klobuchar, Tina Smith Push the Trump Administration to Release Heating Assistance Funds Before Winter
More than 100,000 Minnesota households relied on federal energy assistance last winter WASHINGTON, D.C. – U.S. Senators Amy Klobuchar and Tina Smith (both D-MN) and
U.S. Senator Tina Smith’s Bipartisan Legislation to Extend Terrorism Risk Insurance, Support Housing Construction Passes Banking Committee
Roughly 60 percent of American businesses have terrorism risk insurance, which is critical to major construction projects WASHINGTON, D.C. – U.S. Senator Tina Smith’s bipartisan legislation
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