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Dan Sullivan on Small Businesses and Competition: A Deciding Tariff Vote, Overdraft Fees, and a Millionaires' Stock Tax Break

On April 30, 2025, Dan Sullivan voted against ending the emergency behind the global tariffs, and the resolution was defeated 49 to 49, so his vote kept the tariffs in place. The plaintiffs who later won the Supreme Court case against those tariffs were two small businesses, and the Federal Reserve found more than four in 10 firms reported that increased costs associated with tariffs were a financial challenge. The tariffs have cost Alaska $115 million since January 2025, according to tariffs.org.

In March 2025 Sullivan voted to repeal a limit on big-bank overdraft fees that the consumer bureau estimated would save $225 per household that pays overdraft fees, and in July he cast one of the 50 votes for the One Big Beautiful Bill Act, whose small-business stock tax break sends 94 percent of the exclusion goes to households with annual income over $1 million.

Dan Sullivan's Votes and Confirmations on Small Business, Banks and Competition

What the Tariff and Consumer Decisions Dan Sullivan Backed Cost Alaska

Frequently Asked Questions About Dan Sullivan on Small businesses and competition

What is Dan Sullivan's record on small businesses and competition under Trump?

Dan Sullivan voted to repeal the overdraft fee rule and against keeping the consumer bureau's funding cap, and voted for a tax law whose small-business stock break sends 94 percent of its benefit to households earning over $1 million. He cast a deciding vote to keep the global tariffs in place, which small businesses later beat in the Supreme Court.

Did Dan Sullivan vote to keep Trump's tariffs?

Yes. Dan Sullivan voted against ending the global tariff emergency on April 30, 2025, and it was defeated 49 to 49. Importers that did not sue now have a harder path to refunds, since only importers that have sued will get full IEEPA tariff refunds.

Do small businesses get refunds for the tariffs the Supreme Court struck down?

Dan Sullivan voted to keep the tariffs that the Supreme Court later ruled were not authorized, and refunds are going in full only to importers that went to court, according to a Holland & Knight analysis of the trade court's order. The de minimis exemption for small packages also remains suspended after the trade court declined to overturn the president's suspension in August 2026.

Last updated: 2026-10-25

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