Contractors Group says Defense Spending Dropped $800 Million

By: Associated Press Email
By: Associated Press Email

TALLAHASSEE, Fla. - June 16, 2012

A contractors group says defense spending dropped by $800 million in Florida last year.

The Florida League of Defense Contractors reported on Friday that federal spending on military bases and with defense businesses in the state dropped from $14.1 billion the previous year to $13.3 billion in 2011.

The group is urging lawmakers to pass a new tax break for defense contractors.

Florida currently offers a corporate income tax incentive. But the league says many smaller businesses already are exempt from paying the tax while others balk at complicated regulations they must follow to qualify.

It wants the incentive changed to eliminate that obstacle and reward companies according to how many defense dollars they bring into Florida and subcontracting work they keep in the state.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Morgan Location: Tally on Jun 18, 2012 at 03:57 AM
    This dollar figure sounds so familar.....The EPA just announced that they plan to fund the cleaning up of the Everglades over the next 10 years for $880 million. Sounds like the FED just wants the EPA to get more money and of course for power!!!! Follow the money folks.
  • by Anonymous on Jun 17, 2012 at 03:27 PM
    Might makes right. Defending the Empire is of the highest priority.
  • by Anonymous on Jun 16, 2012 at 03:39 PM
    So huge companies that feed directly off the teet of the government want another tax break - cry me a river.
  • by USF 83 Location: CITY OF Tallahassee on Jun 16, 2012 at 03:26 PM
    Governor Scott has nixed many spending proposals to satisfy the minority of americans that comprise the Tea Party, and the conservative wing of the Republican Party. So why would a drop in federal spending be a surprise. This is exactly what should happen when a governor creates a renegade state, and challenges the federal governorment.
    • reply
      by ricky on Jun 16, 2012 at 10:45 PM in reply to USF 83
      scott has nothing to do with this this is the federal government.they dont even knows me. i mean scott.
WCTV 1801 Halstead Blvd. Tallahassee, FL 32309
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 159295155 -
Gray Television, Inc.