Florida Budget Negotiations

By: Mike Vasilinda Email
By: Mike Vasilinda Email

Tallahassee, FL - Schools are facing a seven percent cut. The medically needy are out of the Senate budget, and Medicaid patients could see a one billion dollar cut. With this backdrop, Governor Rick Scott continues to say in his weekly radio address, “I will not compromise,” when it comes to corporate tax breaks. The Center for Fiscal and Economic Policy says those breaks would do little to create jobs.

“So, there’s a very small percentage of corporations in this state that are for-profit corporations that are actually paying any income tax at all because of the loopholes,” Karen Woodall, with the Center, said.

Former U.S. Senator and two-term Governor Bob Graham says the four billion a year tax breaks for the wealthy over the last decade have hurt schools and produced few, if any, jobs.

A version of the governor’s corporate tax cutting plan was up before a Senate committee Monday morning. The committee temporarily passed it without taking any action.

But the tax cuts can be revived with a two-thirds vote to waive the rules.
Scott supporter Representative Rich Glorioso says a plan under discussion could lead to compromise.

“I would hope that we would have something to give the governor, that we can show a framework of how we can do these tax cuts as the economy gets better,” Glorioso said.

And passing a plan for future tax cuts could let the Governor save face and claim victory, all without hurting schools or anyone else more than they are already being hurt this year.

Scott’s plan to eliminate the corporate income tax comes in two waves. Scott wants to get rid of close to half of the 5.5 percent tax this year, and the rest next year.

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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Dave Location: Tallahassee on Apr 26, 2011 at 07:13 AM
    This is just about his ROI for the seventy million he spent buying his current job. Just hope the voters remember this in the next election.
  • by Stumpknocker on Apr 26, 2011 at 07:11 AM
    Ricky need love. Then he won't be a Grinch!
  • by Fed UP Location: Tally on Apr 26, 2011 at 06:32 AM
    I think the people of florida should all ban togeather and have Gov. Scott taken out of office, He is ruinning the state of Florida and the people of FLorida can do something about it!!!
  • by truth Location: fl on Apr 26, 2011 at 05:41 AM
    tax cuts are not needed at this time.fund the needy and not the greedy,and also cut out buying more land untill times get better.leave taxes alone this year and cut spending untill revenues come back to nornal.
  • by Corporate tax on Apr 26, 2011 at 05:18 AM
    Florida already has one of the best business environments in the nation. 5th best from what I read. They want to lower/stop corporate tax to make the environment better to create jobs? Ya right. Businesses will pocket the extra money to line their pockets. Cut the middle and lower class and assist the rich. Robin Hood in reverse.
  • by Reagan Republican Location: Tallahassee on Apr 25, 2011 at 11:03 PM
    I do NOT agree with Gov. Scott's position to give corporate tax breaks! The majority of employers nationwide are small businesses not Corporations. I will do some research on the figures but I know the percentage of small businesses compared to Corporate entities is high. Coporations have the ability to bank money overseas to avoid paying taxes and of course we all know they employ a lot of people not in the USA. I want to remind people that the recent "Job Czar" appointed by Pres. Obama is the CEO of General Electric who made a lot of money in 2010 but paid no taxes to the Federal government. Corporations should be on the same tax playing field as Small Businesses!!! This is not about socialism but about basic fairness in the Federal tax laws.
  • by Anonymous Location: Laurie on Apr 25, 2011 at 07:43 PM
    Right! Thx to Gov. Not - The rich are getting richer and the middle class & poor are getting poorer.
  • by Laurie Location: Tallahassee on Apr 25, 2011 at 07:38 PM
    What tick's me off is, don't give rich corporate businesses a tax break, give it to poor state employee's by not laying them off. I've got a great idea!! Gov. Scott, since your so rich, why don't you buy our new Taj Ma Hall (48M) and the new library that no one will use on Pedrick Rd., put that money into the budget shortfall and let's save the state/public employees jobs.
  • by bull frog Location: on a lillypad on Apr 25, 2011 at 05:22 PM
    Sounds like robin hood in reverse steal from the poor and needy and give it to the rich and famous. Maybe good ole Rick read the story wrong.
  • by Tallynole on Apr 25, 2011 at 05:21 PM
    Why not cut the consumer-side sales tax requirement? That way we will buy more product but the money doesn't go into the pockets of only millionaires...
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