After years of bashing, Scott sends Obama ‘thank you’ letter on taxesby John Kennedy | February 28th, 2012
Republican Rick Scott has spent much of the past few years ridiculing President Obama — leading the Conservatives for Patients Rights campaign against the federal health care overhaul and — as governor — refusing millions of dollars in federal grants linked to the effort.
But when the Democratic president proposed cutting the federal corporate income tax rate to 28 percent, he drew rare praise from his Florida antagonist. At the White House last Sunday for a Governors’ Association meeting, Scott gave Obama a letter thanking him for “taking this step in the right direction.”
“Given that the United States currently burdens companies with the second highest tax rate in the world, every tax reduction makes American businesses more competitive,” Scott said.
Scott is pushing legislation that would double the state’s corporate income tax exemption to $50,000, efffectively exempting about three-fourths of the companies that now pay the 5.5 percent levy on earnings. It’ll cost taxpayers about $30 million next year, legislative analysts said.
Lawmakers balked last year on Scott’s initial plan to for a big cut in the tax. But the governor said he remains committed to ending the tax, which formerly pulled almost $2 billion into the state budget.
Here’s Scott’s letter: Tax letter to POTUS