Montana’s families, small businesses, and communities have thrived under the Tax Cuts and Jobs Act (TCJA), which provided lower tax rates, and a higher standard deduction. These changes have put more money into the pockets of hard-working Montanans, fueled job creation, and supported our small businesses.
Without an extension, the TCJA will expire, leading to higher taxes for families and threatening the economic progress Montana has made. The average Montana household saved $1,300 under the TCJA—money that helps pay for groceries, housing, and school supplies.
The TCJA has also been a lifeline for Montana’s small businesses, which make up 99% of our state’s economy. Its provisions have enabled these businesses to grow, hire, and invest in their communities, creating over 10,000 new jobs since its passage.
If the TCJA is allowed to expire, Montana’s rural communities, energy sector, and agriculture industry could all face steep tax hikes, stifling growth and opportunities for families. Extending and expanding the TCJA will ensure Montanans can continue to thrive, build financial security, and support a stronger future for our state.