Montana Budget and Policy Center

Recent Posts

Story’s op-ed doesn’t tell full story


Bob Story, executive director of the Montana Taxpayer Association and a former state legislator, has struck back with an op-ed piece taking on claims that income tax cuts passed in 2013 are cutting into school maintenance funding today. Story probably was referring to an opinion piece by educators, but since Last Best News has reported in considerable detail on this topic, allow me to retort. Those old tax cuts matter because gubernatorial candidate Greg Gianforte has argued that income tax revenues actually increased after the cuts, and he has proposed doubling down by cutting rates even more. (more…) Continue Reading →

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Report: Tax revenue losses nearing $1 billion in Montana

revenue losses

Revenue losses from Montana tax cuts passed in 2003 are approaching $1 billion, a new report says. “The Montana We Could Be: Tax Cuts, Aimed at the Rich, Take a Toll,” a report by the nonprofit Montana Budget and Policy Center in Helena, estimates that the tax cuts will have cost $976 million by the end of 2016. That’s enough to pay the deferred maintenance costs for all of the school districts in the state, the report says. The tax cuts, which took effect in 2005, reduced the number of tax brackets from 10 to six and cut the top income tax rate in Montana from 11 percent to 6.9 percent. The legislation also, among other changes, gave a 2 percent tax credit on capital gains. Continue Reading →

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