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
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