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March 20, 2015      1:03 PM

Business groups reiterate strong displeasure with so-called Senate tax reforms

Senate plans under cut infrastructure development and debt repayment while inequitably re-distributing tax burden

Once again, a consortium of business trade associations has written an open letter to the Lt. Governor and Senate complaining about the so-called ” tax reforms” proposed in the Senate.  This is the second time in as many weeks that business groups have united to complain that the Senate proposals short-change desperate infrastructure needs while redistributing tax cuts inequitably. 

“To continue our economic success and jobcreating machine, we need to address those challenges and protect our business climate. If there is money left over, it is appropriate to consider tax relief”, they say.

They also argue that the automatically escalating homestead exemption from the school property tax for individuals but not businesses would lead to a split tax roll inevitably and inexorably shifting an ever growing tax burden to business.

By Harvey Kronberg