Montana Governor Vetoes Income Tax Cut - KFBB.com News, Sports and Weather

Montana Governor Vetoes Income Tax Cut

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Steve-Bullock.jpg Steve-Bullock.jpg

HELENA, Mont. (AP) - A bill that would cut income taxes across the board has met its demise.

Democratic Gov. Steve Bullock vetoed House Bill 166 on Friday. The Republican proposal, which would have decreased every state income tax bracket by 0.2 percent, was passed by the Legislature before the state revenue estimate was finalized.

The governor has 10 days to sign or veto a bill or it becomes law without his signature.

Bullock said in a statement that the measure would account for a large portion of the $945 million in new spending and tax cuts that Republicans have proposed this session and that would jeopardize Montana's strong economy.

The governor noted that recent experiments cutting state revenue in Wisconsin, New Jersey and Louisiana have resulted in billion-dollar deficits.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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