Flathead Beacon: Senate Hears About Tax-Cut Plan by GOP Representatives
media mentionHeather O’Loughlin, research director at the Montana Budget and Policy Center, opposed the bill. Across-the-board tax cuts would favor the wealthy and have little impact on people earning low and middle-level incomes, she said.
The Institute for Taxation and Economic Policy, a non-partisan organization that works on federal, state and local tax policy, ran the numbers on HB 166, O’Loughlin said. The institute’s analysis found that someone earning more than $450,000 a year would save $600 annually under the proposal, whereas someone making $28,000 would save $8.