Scott Budget Tour Touts Tax Cut

By: The News Service of Florida
By: The News Service of Florida

Gov. Rick Scott stopped at a Tampa manufacturing plant Thursday to tout his $2 billion tax-cutting plan and to taunt President Obama for failing to push for similar rollbacks at the federal level. Scott’s appearance at Chromalloy Manufacturing was part of the stagecraft leading up to his scheduled budget release Monday at a Tea Party rally in Central Florida. Scott reiterated his campaign pledge to cut the state’s corporate income tax and lower property taxes. “Whether it’s property taxes, the business income tax, or President Obama’s taxes, it’s time to relieve the financial burden on Floridians and make sure we are not wasting taxpayers’ dollars,” Scott said. Chromalloy, an engine parts manufacturer, recently opened the plant in Tampa which Scott toured. Scott’s fellow Republicans in the House and Senate have pushed back against the tax cuts cited Thursday, but the governor has show no signs of backing off. The state is facing a $3.6 billion budget shortfall. But Scott has said the budget is “bloated,” and that he wants to reduce state spending by $5 billion. As part of that reduction, Scott wants to reduce the state’s business income tax from 5.5 percent to 3 percent next year, eliminating it out over the next seven years. Scott also wants to trim the property levy going to public schools by $1 per $1,000 valuation, a 19 percent reduction that he said would save more than $1 billion but potentially threaten school financing.


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