Thanks to the Tax Cuts and Jobs Act, utility companies across Montana are already passing along savings to Montanans. Despite opposition from Senator Jon Tester, historic tax relief has led to lower utility bills for his constituents.
Jon Tester Slammed The Tax Bill And Called Corporate Tax Rate Reductions A "Huge" Giveaway For The One Percent
Sen. Jon Tester (D-MT) Said That The Tax Cuts And Jobs Act Would "Shift Money From Middle-Class Families To The Rich." "'Take a look at this, folks. This is your government at work,' Tester said, slamming his fist on the bill. 'It's going to shift money from middle-class families to the rich, and we were given it 20 minutes ago.'" (David Weigel, Robert Costa and Paul Kane, "'This Is Class Warfare': Tax Vote Sparks Political Brawl Over Populism That Will Carry Into 2018 Elections," The Washington Post , 12/2/17)
But In Montana, Utility Corporations Are Already Passing Along These Savings To Millions Of Customers
Montana's Black Hills Energy Is Studying The Tax Cuts And Jobs Act In Order To Pass On Tax Benefits To Customers . "Black Hills Energy said in a statement that it is currently studying the new tax law and will work with utility regulators to provide customers the benefit of the corporate rate reduction." (John Conway, "SD Commission To Ensure That Consumers Reap Benefits Of Tax Cut," News Center 1 , 1/4/18)
- Black Hills Energy Serves 1.2 Million Customers Across Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota And Wyoming. "Black Hills Energy, the business name under which we operate our natural gas and electric utilities, serves 1.2 million customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Our utilities are subsidiaries of Black Hills Corp." ("About Black Hills Energy," Black Hills Energy , Accessed 3/5/18)
That’s not all. Yesterday, Costco announced a plan to invest their savings from the Tax Cuts and Jobs Act in its employees and lowering prices for its customers.
With all these savings, we have to wonder if Jon Tester is seeing the light yet on historic tax relief? 💡
For more on the Tax Cuts and Jobs Act lowering utility bills, see RNC Research’s latest.
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