Federal Tax Bill Creates Further State Budget Concerns

On December 22nd, 2017, President Trump signed into law the Tax Cuts and Jobs Act, putting in place permanent corporate tax cuts and temporary individual income tax cuts disproportionately benefiting wealthier households. In total, the law will result in a nearly $1.5 trillion increase to the federal deficit over ten years, likely forcing deep federal budgetary cuts in the near future.

Montana Communities Cannot Afford the Oil and Gas Tax Holiday

In 1999, the legislature created a tax break for oil and gas companies that lowers the taxation of oil and gas production during the most profitable period of extraction. At the time, proponents of the tax break claimed that it would encourage economic development in Montana’s resource-rich areas, a claim unsupported by the facts. In reality, oil and gas companies operate where there is oil and do not base their decisions on state taxes, which are just a small fraction of their total costs.

The Montana We Could Be: Tax cuts, aimed at the rich, take a toll

Montana today could be a more prosperous state. Through investments by our state, we could have more modern schools, better roads, updated water and sewer systems, and a greater access to a college education.

Our state does not have these things – not because of a natural disaster or a financial crisis brought on by things out of the state’s control. Instead, Montana is not the state it could be because of the decision made in 2003 to sharply reduce taxes.

Recap: Montana’s 64th Legislative Session: Investments in Montana’s Future and Missed Opportunities

The quality of life we enjoy in our state is directly connected to the public systems and structures we have developed over many decades. Our parks, quality schools, and reliable roads make Montana a great place to live and work. The state budget created during the 2015 legislative session will, for the most part, invest new dollars into our local communities to help our neighbors and friends.

Investing in Montana’s Working Families: A Montana Earned Income Tax Credit

In Montana, thousands of families struggle to make ends meet. One of the most promising policy opportunities to support working families and boost our economy is the enactment of a state Earned Income Tax Credit (EITC). The Great Recession and other economic trends made it harder for Montana’s families to live above the poverty line. In fact, Montana has over 27,000 families that are working but are below or near the poverty line.

Strengthening Families, Strengthening Our Economy: The Economic Benefits of Pre-Kindergarten

Investing now in kids and families will strengthen Montana’s children and families, our communities, and the state’s economy. Quality, public pre-K helps parents work, reduces education costs, increases future earnings of participants, and reduces the state’s spending on corrections.

Montana is currently one of only eight states not investing in its youngest learners.

The High Cost of Child Care: State Funding for Pre-K Would Benefit Montana Families

State funding for pre-Kindergarten is an opportunity to strengthen our state’s economy and help Montana’s hard working families.
The cost of high-quality child care is a significant obstacle for many working families. Many parents face frustrating choices: pay an excessive portion of their income in child care costs, choose lower-quality care, or quit their jobs. For families working hard to build an economically secure future, none of these choices are good options.