Here’s What Happens to Montana if We Go Off the Fiscal Cliff

What do they mean by "fiscal cliff?" What happens just in Montana alone if we go over the fiscal cliff? Here's the answer to both questions and more.

Here's the bottom line: the Trump tax cuts expire at the end of the year. If those tax cuts aren't reauthorized, taxes will go up dramatically. Hopefully the tax cuts are simply made permanent. That's what Montana's US Senator Steve Daines (R-MT) is calling for.

Either way, Americans for Prosperity-Montana says the clock is ticking. 

AFP: "The Trump tax cuts of 2017 led to an economic boom that featured job growth, wage growth, and low inflation. Unless Congress acts by the end of the year, those tax cuts will expire, and Americans will see their taxes go up. How much? $1,500 a year for the average family of four. That’s unacceptable!"

Here in Montana, AFP-Montana says that the average Montana family's tax bill will go up by $2,569. Montana will also lose 2,628 jobs if the tax cuts go away, according to the AFP graphic included below. And the average Montana business will lose $1,196 in higher taxes.

AFP: "Americans continue struggling with the effects of Bidenomics: higher prices costing us $12,000 more a year on average, sky high interest rates, and stagnant wages. The last thing we need is a bigger tax bill!"

What can you do? Click here to add your voice to those calling for Congress to keep the Trump tax cuts in place.

By the way, it's also worth pointing out that after Trump cut taxes in his first term- revenues continued to climb. Then State Sen. Llew Jones (R-Conrad) even talked about the "Trump bump" in revenue thanks to the tax cuts. Now Jones is a state representative, and with Republican Governor Greg Gianforte (R-MT) the legislature has cut taxes for the last two sessions which also led to a bump in revenue.