Latest Releases
U.S. Senators Smith, Shaheen, Warnock, Murray and Wyden Introduce Legislation to Expand Childcare Relief to Families
Washington, D.C. — Today, U.S. Senator Tina Smith (D-MN) introduced the Child and Dependent Care Tax Credit Enhancement Act, legislation to help more working families cover a greater share of the high cost of childcare. Senator Smith, a member of the Senate Finance Committee, was joined by U.S. Senators Jeanne Shaheen (D-NH), Raphael Warnock (D-GA), Patty Murray (D-WA) and Ron Wyden (D-OR), Chair of the Senate Finance Committee in introducing the bill. The Child and Dependent Care Tax Credit Enhancement Act would permanently expand the Child and Dependent Care Tax Credit (CDCTC). This bill would help ease the burden of high childcare costs on working families by increasing the maximum tax credit to $4,000 per child, allowing families to receive up to $8,000 in tax credits to offset up to $16,000 in expenses. It would also make the credit refundable to ensure low-income working families can benefit. The credit would also be indexed to inflation to retain its value over time. “I constantly hear from families in Minnesota who are struggling with the high cost of childcare. For some, it rivals mortgages and is even higher than tuition at the University of Minnesota. Families need real relief and this bill will lower costs and put more money back into the pockets of parents,” said Senator Smith. “When childcare works, everything else does, too—families thrive, the economy grows, and our communities get stronger. That’s why I’m committed to fighting to lower costs and improve access to childcare.” “No matter where I go in New
U.S. Senators Tina Smith and Mike Crapo Introduce Bipartisan Legislation to Address Shortage of Rural Veterinarians
WASHINGTON, DC – U.S. Senators Tina Smith (D-MN) and Mike Crapo (R-ID) introduced a bipartisan bill to combat the scarcity of veterinarians in rural areas. The Rural Veterinary Workforce Act would give veterinarians practicing in underserved communities tax exemptions for student loan payments. This would extend a similar exemption available for physicians to veterinary services, enabling veterinarians to help the Americans who need it the most. “In nearly every state in the country, there are shortages for veterinarians, especially in rural areas,” said Senator Smith.“This record shortage causes serious harm to the health of animals and the public. Providing additional funding to the Veterinary Medicine Loan Repayment Program and updating the tax code to better serve veterinarians will allow more qualified vets to do vital work with our animals in underserved communities.” “Access to quality veterinary care is vital for Idaho’s agricultural industry,” said Senator Crapo.“By addressing the burdensome taxes on the Veterinary Medicine Loan Repayment Program, this legislation would allow more veterinarians to serve in the rural and underserved communities most in need and help ensure ranchers and farmers have access to these essential veterinary services.” In 2003, Congress established the Veterinary Medicine Loan Repayment Program (VMLRP) to address the shortage of veterinarians in rural states. The program allows veterinarians to repay their student loans if they decide to work in underserved communities for at least three years. Veterinarians often face substantial student debt in comparison to their salaries, so along with tackling rural shortages, this program also eases that burden. However, these
U.S. SENATOR TINA SMITH’S STATEMENT ON NOMINATION OF CHRISTY GOLDSMITH ROMERO TO CHAIR THE FDIC
WASHINGTON – Today, U.S. Senator Tina Smith (D-Minn.) , a member of the Senate Committee on Banking, Housing, and Urban Affairs, applauded President Biden’s decision to nominate Christy Goldsmith Romero to be Chair of the Federal Deposit Insurance Corporation (FDIC): “Christy Goldsmith Romero is a widely respected, principled financial regulator with extensive federal experience, and I applaud President Biden’s decision to nominate her as Chair of the Federal Deposit Insurance Corporation (FDIC). This nomination comes at a pivotal time at the FDIC, and Goldsmith Romero’s track record of holding bad actors accountable at the Troubled Asset Relief Program and advancing consumer interests at the CFTC is exactly
U.S. Senator Tina Smith, Lt. Governor Peggy Flanagan Celebrate First-Ever Trade Mission Focused on Indigenous Products
MINNEAPOLIS, MN – Today, U.S. Senator Tina Smith (D-Minn.) and Minnesota Lieutenant Governor Peggy Flanagan (DFL) announced the first-ever trade mission by the United States Department of Agriculture (USDA) focused solely on Indigenous products. Lieutenant Governor Flanagan will join Red Lake, Inc. in representing Native producers from Minnesota on this historic trade mission to Canada from June 17-20 alongside 15 Tribal agribusinesses and 13 Native agricultural leaders from across the country. “This is a historic opportunity for Native farmers and producers and Tribal businesses to access a new market for their goods. Native farmers and producers face unique and challenging barriers, and this market
U.S. Senator Tina Smith Applauds Biden Admin Move to Eliminate Medical Debt from Credit Reports
WASHINGTON, DC – Today, U.S. Senator Tina Smith (D-MN) celebrated a new proposed rule from the Consumer Financial Protection Bureau (CFPB) shielding consumers’ credit scores from being impacted by medical debt. Today’s announcement came after Senator Smith, along with 9 of her colleagues, urged the agency to take action. According to the CFPB’s own report, there is over $88 billion in medical debt on consumer credit records. “You can’t choose when you get sick – it happens whether we like it or not. You shouldn’t be punished with a lower credit score just because you needed medical care,” said Senator Smith.“This move by the Biden
U.S. Senator Tina Smith Announces Funding for White Earth Nation to Increase Solar Power and Energy Storage
WASHINGTON, D.C. – U.S. Senator Tina Smith (D-MN) announced $1.75 million for the White Earth Nation in Minnesota to use energy storage to increase their use of solar power and allow for greater energy flexibility. The project will expand an existing solar array at Pine Point Elementary School and Community Center to help lower electricity costs and support White Earth’s goal to be energy independent. “Tribal Nations have always been leaders in environmental stewardship,” said Senator Tina Smith. “This funding will help White Earth Tribal Nation continue building a more resilient and clean energy system for the Tribe.” The U.S. Department of Energy’s
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