Working Montanans look to lose out?
Last updated 3/17/2023 at 8:31am
Montana state legislators are grappling with what to do with the state’s historic $2.5 billion budget surplus. This surplus is a result of higher-than-predicted income tax revenues as well as federal legislation that provided billions in funds to states over the last year.
Many good options have been put forth by both political parties on how to best spend the surplus, but another tax break for the wealthiest folks in the state is not one of them.
Senate Bill 121, Gov. Greg Gianforte’s tax cut proposal, aims to lower the tax rate on the richest households from 6.5% to 5.9%. That...
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