What Montanans Need to Hear


Steve Daines: Hiding from his record, afraid to tell Montanans the Truth

 

THE FACTS:

  • Congressman Steve Daines voted to raise the debt ceiling after making millions of dollars off of government spending.
  • Congressman Steve Daines pledged to protect special tax breaks and tax giveaways for big corporations that ship jobs overseas, and millionaires like himself.

WHAT MONTANANS NEED TO HEAR:

Steve Daines… A typical Washington politician.

Hiding the record. Afraid to tell Montanans the truth.

Congressman Daines made his millions off of government spending—our tax dollars.

He voted to increase the debt ceiling.

And he pledged to protect special tax breaks and tax dollar giveaways for big corporations and millionaires, like himself.

He’s supported corporate welfare that’s added hundreds of billions to our national debt… Steve Daines has always been part of the problem.

That’s Steve Daines: Hiding. Spending. Afraid.

RESEARCH BACKGROUND:

  • Daines Held Several Executive Roles at RightNow Technologies for 12 Years
    • Daines Held Several Executive Roles at RightNow Technologies Including VP of Customer Services, VP of North American Sales, and VP of Asia Pacific. In 2000, Steve Daines (“Daines) joined RNT and continued to work there for approximately 12 years. During Daines’ tenure, he held executive roles in RNT, including Vice-President of Customer Services, Vice President of North American Sales, and Vice President of Asia Pacific.” [Greg Gianforte vs. Montana Democratic Party, Gallatin County District Court, Cause No. DV-12-781B, 10/18/12]
    • CEO: RightNow’s Success Has Steve’s Fingerprints All Over It. Gianforte wrote in the Bozeman Daily Chronicle, “RightNow’s success has Steve’s fingerprints all over it.” [Bozeman Daily Chronicle, LTE, Greg Gianforte, 10/25/12]
  • RightNow Technologies Received Over $23 Million in Federal Government Contracts.
    • RightNow Received More Than $23 Million From Federal Government Contracts. According to a search of the Federal Procurement Database, RightNow Technologies contracted with federal agencies that totaled $23,099,061.98 from May 2003 to September 2011.” [Federal Procurement Data Systems, Accessed, 10/28/13]
    • Daines’ Company RightNow Technologies “Entered Dozens of Contracts With Federal Agencies Over Last Decade.” As reported by the AP, “Daines has made shrinking federal government a central theme of his campaign for Montana’s sole U.S. House seat, listing the Department of Energy and Environmental Protection Agency among his targets for budget cuts. Yet an examination of federal procurement records shows the Republican’s former company, RightNow Technologies, where Daines served as a vice president of sales, entered dozens of contracts with federal agencies over the last decade worth at least $15.1 million.” [AP, 10/4/12]
  • Daines Owned Millions in Stock Options from RightNow Technologies
    • Daines Owned Millions in Stock Options from RightNow Technologies. In 2012, Daines reported in his Personal Financial Disclosure that he owned between $1,000,001-$5,000,000 in stock options from RightNow Technologies. [U.S. House of Representatives Financial Disclosure Statement, 5/17/12]
  • Daines Earned Millions from His Oracle Stock Options After Oracle Acquired RightNow Technologies
    • Daines Earned Over $1 Million from His Oracle Stock Options After Oracle Acquired RightNow Technologies. According to Daines’ personal financial disclosure filed in 2013, Daines’ Oracle stock option generated between $1 million and $5 million in 2012 through “exercise +sale of option.” [Steve Daines 2012 U.S. House Financial Disclosure Form, Filed 05/15/13]
    • Oracle Bought RightNow For $1.5 Billion. In 2011, “Oracle bought RightNow Technologies Inc. for $43 per share, or roughly $1.5 billion.” [Deal Pipeline, 12/20/12]
  • Daines Voted to Raise the Debt Ceiling
    • Daines Voted to Raise the Debt Ceiling. In 2013, Daines voted for passage of the bill that would suspend the limit on government borrowing through May 18, 2013 and then automatically increase the current $16.4 trillion ceiling to accommodate additional debt accumulated through that date. [CQ; HR 325, Vote #30, 1/23/13]
  • Daines Pledged to Protect Tax Breaks for Companies that Ship Jobs Overseas and For Millionaires Like Himself
    • Steve Daines Signed the Americans for Tax Reform Pledge. In 2012, Daines signed the Americans Tax Reform pledge that opposed any net reduction or elimination of deductions and credits unless matched dollar for dollar by further reducing tax rates. [ATR pledge, accessed 2/12/14]
    • Protecting Tax Breaks for Companies that Ship Jobs Overseas. President Obama proposed eliminating tax breaks for companies that outsource jobs. However, Americans for Tax Reform, in line with the pledge, opposed ending the tax breaks because it eliminated a “net reduction or elimination of deductions and credits” According to the Boston Globe, “Americans for Tax Reform called it a ‘job killing’ tax increase, asserting that US corporate taxes are already the highest among industrial countries and that US companies face double taxation on their profits.” [New York Times, 5/04/09; Boston Globe, 5/04/09]
  • Daines Worth $9.19 Million
    • Daines Listed Among Top 50 Richest Members of Congress—Worth $9.19 Million. In 2013, Daines was ranked 40th of the top 50 richest members of congress with a net worth of $9.19 million dollars. [Roll Call, 9/13/13]
  • Daines has supported corporate welfare that’s added to our national debt
    • Daines Voted for Budget That Slashed Corporate Tax Rates from 35 Percent to 25 Percent. According to the Center on Budget and Policy Priorities, the budget would cut the corporate tax rate to 25 percent (from 35 percent). [H Con Res 25, Vote #88, 3/21/13; Center on Budget and Policy Priorities, 3/17/13]
    • Daines Voted for a Budget that Would Add About $1.2 Trillion to the National Debt. According to Fox business, the proposed “republican budget again spearheaded by House Budget Committee Chairman Paul Ryan adds about $1.2 trillion to the national debt over the next 10 years…” [Foxbusiness.com, 3/12/13; H Con Res 25, Vote #88, 3/21/13]