Federal tax cuts will cost Montana 70 million
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Posted by MilesCity.com Webmaster (+8657) 29 days ago
Billings Gazette (Dec 24) wrote:
Federal tax cuts passed into law this week are likely to cut into Montana state revenue by $70 million a year, Montana’s Department of Revenue reported Friday.

Corporate income tax breaks, individual income tax deductions and the potential elimination of federal royalty payments would cut state revenue by $70.3 million in tax year 2018, Revenue Director Mike Kadas said.

Over the next four years, the annual loss would swell to $76.2 million in 2019, before sliding to $67.3 million in 2021. Revenue economists have been closely monitoring the state impacts of the tax cuts, as Montana struggles with a revenue decline.

http://billingsgazette.co...f8f2f.html

I assume that would be in addition to the earlier ...

Billings Gazette (Oct 29) wrote:
Montana lawmakers battling as budget office projects $227 million shortfall

http://billingsgazette.co...f240c.html

In any case, how do you think Montana is going to make up what it needs? Massive cuts to services? Higher property taxes? Higher income taxes? A new sales tax? ???

The extra $20 or $40 or $50 you get every 2 weeks from Trump's tax cuts (unless you have a google of children or are in a high enough tax bracket to do creative accounting) -- is not only going to give nothing to you in the end -- but will also bankrupt the state.

Great job for all of you who voted for Trump and rallied for this giant redistribution wealth to the richest of the rich. 👏 👏 👏
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Posted by Richard Bonine, Jr. (+13503) 29 days ago
Elections have consequences and Montana voted for what has happened. Procreate Montana! They deserve the government they voted into power.

And there are few things more irritating than factoid Mary progressives whining about “what happened” using the language and framing of the party they are protesting. Right now democrats couldn’t frame an idea, if it came pre-assembled from IKEA.

[Edited by Richard Bonine, Jr. (12/25/2017 12:13:52 PM)]
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