Tax Breaks for Billionaires

Today, Senate Republicans gave initial approval to a bill that would give large, billion dollar corporations tax cuts. These tax cuts would come at a time when Republicans have slashed funding for important state services such as health care for children and seniors and our public education system.

Republicans claim that reducing taxes for these billion dollar corporations will help to stimulate growth in the state, however they conveniently ignore the fact that Montana has already been ranked as one of the best business climates in the nation.

Democrats presented a competing tax cut package that would focus tax cuts to our Montana made small businesses. These businesses create the large majority of jobs in the state and would make better use of these dollars than the billion dollar corporations included in the Republican package. By targeting these tax cuts to our state’s small businesses, the legislature would make these businesses more competitive against the GOP favored large out-of-state corporations.

Unfortunately, Republicans in the Senate were quick to kill the Democratic bill in committee.

The competing tax policies are a clear statement of values. Democrats value our small businesses and crucial state services that help all Montanans. Republicans value tax cuts for billion dollar corporations.