January 14, 2013

Montana Budget & Policy Center: Capital Gains Tax Reform Will Strengthen Montana

ITEP Work in Action

As a result of the Great Recession state revenues in Montana, like all other states, are plummeting, and important public services like health care and education are facing cuts. The governor has already cut over $40 million from state programs, and the nonpartisan Legislative Fiscal Division estimates that the next legislature may face a $370 million deficit. Montana deserves a balanced approach to this revenue crisis that looks not just at dramatic and harmful cuts to public services, but also targeted efforts to increase revenue. This brief is one in a series of MBPC reports that explores potential policies to raise revenue in the state.