A couple of days ago, we shared the following article with the public (read here to learn more) concerning the over-taxation of Montanans (tax-paying residents.
Since that time, a follow-up article has been published by the Missoulian which explains how Rep. Brad Tschida and Lyn Hellegard plan to return excess sums of money to the hard-working taxpayers of Montana.
Read part of the following written by Tschida and Hellegard about these matters.
“Montana has a 1.4 billion dollar budget surplus this year, generated by higher-than-anticipated income tax receipts levied against Montana taxpayers over the past two calendar years. This came despite a reduction in the top income tax rate, by Republicans, from 6.9% to 6.75% in 2021. No Democrats in the Montana Legislature, especially my opponent in Senate District 49, voted for that income tax reduction.
Montana Republican representatives are working on a proposal to return this excess, YOUR money, back to you. This surplus exists on top of the fully-funded emergency budget surplus funds already in place. What we propose below is a suggested plan. It may be modified, and it requires that anyone receiving a return of excess tax revenue to have paid Montana State income taxes during the past two years. To accomplish this plan, we will need to use some of the ten days remaining from the 2021 regular session in a special session.”
(Read here to learn more about the rest of their plans). BRAD TSCHIDA and LYN HELLEGAARD (Missoulian)