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With Economy Rebounding, Tax Cuts Back on [FL State] Republican Agenda
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| Contributor | RP |
| Last Edited | RP Feb 16, 2004 08:05pm |
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| Category | News |
| News Date | Sunday, February 15, 2004 06:00:00 AM UTC0:0 |
| Description | It's an election year and the economy's coming back. That makes a tax cut from the Republican Florida Legislature almost a certainty.
Gov. Jeb Bush has proposed a return of the popular back-to-school-time break from the sales tax and the Senate and House are both likely to go along.
The governor is also seeking a final cut to the "intangible" tax on stock and bond holdings. Lawmakers have already dramatically cut the number of Floridians who have to pay the tax, and Bush has said he wants it gone altogether.
"Lowering taxes spurs investment and growth in Florida," Bush said in January when he unveiled his proposed budget for the coming fiscal year. His plan includes tax cuts of $48 million from the sales tax holiday and $91 million from the reduction to the investment holdings tax. |
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