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Compromise legislation cutting income taxes headed to governor’s desk

  • The Montana Legislature passed House Bill 337, cutting income taxes and increasing a credit, sending it to the governor Tuesday.
  • The bill represented a compromise between the governor's large cut plan and a middle-class focus.
  • The measure increases the Earned Income Tax Credit from 10% to 20% of the federal amount.
  • Governor Gianforte stated, "The money belongs to the people of Montana."
  • The package reduces the top rate and increases the credit, targeting middle-class taxpayers, but the governor has not stated his intent.
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Watauga DemocratWatauga Democrat
+10 Reposted by 10 other sources
Lean Left

Lawmakers move to eliminate age cap on earned income tax credit

(The Center Square) – As Republicans work to draft tax legislation for the 2025 federal budget package, lawmakers have introduced bipartisan legislation to eliminate the age cap on eligibility for the earned-income tax credit.

·Calhoun, United States
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ABC FOX MontanaABC FOX Montana
+5 Reposted by 5 other sources
Center

Compromise legislation cutting income taxes headed to governor’s desk

Changes to taxation system include lowering the top tax rate, raising the income threshold for the lower rate, and expanding the Earned Income Tax Credit.

·Missoula, United States
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Bias Distribution

  • 38% of the sources are Center, 38% of the sources lean Right
38% Right
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WLTX broke the news in Columbia, United States on Tuesday, April 22, 2025.
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