Republican gubernatorial candidate Greg Gianforte has unveiled his “406 tax relief” plan, and it’s so predictable it should be sold at Wal-Mart for a dollar a yard. The “4” in the plan stands for the number of years over which he would phase out the business equipment tax, which despite numerous reductions in recent legislative sessions still brings in about $81 million a year. This shortfall would have to be made up by local governments and schools, so it isn’t clear that this provision would help anybody other than large-company bookkeepers who have to fill out the paperwork. (more…) Continue Reading →
