Following the passage of the Republican tax bill, the Montana Budget and Policy Center released the following statement:
“The tax plan passed yesterday by House and Senate Republicans is nothing more than an expensive giveaway to major corporations and super wealthy households that offers little or nothing to most families and ultimately hurts many. We are disappointed in Representative Gianforte and Senator Daines who voted for a tax plan that will increase the deficit, end health care for millions of Americans and raise premiums for many more, and stress our state's resources. With significant federal cuts on the horizon, Montana families are at risk of losing even more because of increased pressure on Montana’s budget that will prompt further cuts to Medicare, social security, our public schools, and public safety.”
What we can expect from this tax bill in Montana:
The wealthiest get the biggest benefits
Low- and middle-income Montanans will see tax increases
The Child Tax Credit does not do enough for low-income working families
Health insurance will be far more expensive
MBPC is a nonprofit organization focused on providing credible and timely research and analysis on budget, tax, and economic issues that impact low- and moderate-income Montana families.