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Steve Bullock on Tax Reform |
"Greg Gianforte's self-serving tax plan is nothing more than a tax giveaway for millionaires like himself, at the expense of Montana's middle class families and our state's fiscal prudence. The fact is, under Steve's leadership, Montana is ranked the most fiscally prudent state in the country, he's balanced the budget while maintaining a rainy day fund, and cut taxes for thousands of small and medium sized businesses."
Giving $100 million back in the form of a tax rebate will return $400 to everyone with their primary residence in the state. If you take the $100 million and use it to cut property taxes, instead, the average Montana homeowner would receive just $44 this year, not $400. Think about that--it will take 10 years for the taxpayer to get as much money back as they'll get this year with the rebate.
Yet, if you are a company like PP&L, the proposed tax cut would reward you with over $1 million this year alone--23,000 times more than what the average homeowner would receive. If we consider who stands to benefit from our actions, the path we should take becomes clear.
