News
Gianforte’s income tax cuts: Benefitting the rich or supporting the economy?
November 29, 2024/
If you earn less than $26,700, you’ll see another $39 or so from the income tax cut proposed by Gov. Greg Gianforte, according to a budget analysis from a state policy nonprofit.
On the other hand, if your wallet is fat from a salary of $749,001, you’ll get another $9,577, according to the estimate.
Earlier this month, the Governor’s Office proposed what it described as “the largest income tax cut in state history” in its upcoming budget, reducing the rate most Montanans pay from 5.9% to 4.9%.
Here’s what’s in Gov. Gianforte’s $18 billion budget proposal
Gov. Greg Gianforte is proposing a nearly $18 billion budget to keep Montana’s government up and running over the next two years. The state is projected to continue to bring in strong revenues. Gianforte aims to invest in a few big projects, while cutting taxes. MTPR’s Shaylee Ragar joined Corin Cates-Carney to talk through the big ticket items.
News Catrgory Sponspor:
Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.
MATR Supporters (view all)
