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Scott’s latest proposed corp tax cut draws ire of Democrats

by John Kennedy | November 8th, 2012

Gov. Rick Scott told a business gathering Thursday that he intends to push next year for another cut in the state’s corporate income tax, a $2.1 billion levy that has drawn the wrath of companies and tea party groups.

Scott would raise an existing $50,000 exemption from the tax to where companies would not have to pay until they owe $75,000 in tax. It would remove another 2,000 businesses from the corporate tax rolls, the Republican governor said.

“I’ve made a commitment to the people of Florida to eliminate the business tax over seven years – and over the past two years we have been able to eliminate the tax for more than 75 percent of businesses that fall under it,” Scott said Thursday, after announcing his plan at a National Association of Realtors convention in Orlando.

“Everything  we do must be tied to helping families get jobs, and eliminating this tax will ensure more small businesses can hire people,” Scott said.

Florida Democrats don’t see it that way  — and ridiculed Scott for ignoring themes emerging from Tuesday’s elections.

“On election night, the people of Florida sent a clear message that they have rejected Gov. Rick Scott’s failed priorities and policies which have slashed funding for our public schools while giving hand outs to the corporate special interests who
epitomize the broken politics of Tallahassee,” said Scott Arceneaux, executive director of the Florida Democratic Party. “But Governor Rick Scott apparently didn’t get the message: announcing today that he will hand out even more of our tax dollars in special interests giveaways instead of investing in middle class families.”

But the proposal ignited a vigorousback-and-forth between the parties, with Republicans ridiculing the rival party for ignoring Obama’s own support for reducing the federal corporate income tax rate.

The state GOP called Scott’s approach a  “middle-class tax cut for small business owners.”

“It took less than 48 hours for the Democratic Party to abandon one of Barack Obama’s most important campaign promises,” said Mike Grissom, executive director of the Florida Republican Party.

 

 

8 Responses to “Scott’s latest proposed corp tax cut draws ire of Democrats”

  1. T. J. Ewing Says:

    So the first thing Rick Snott does after the election is to offer more tax breaks for business while offering up no plan on how to replace that revenue. Of course, the poor and education will have to suffer as a result. I’ll never understand how the people of Florida elected this idiot. No wonder even the GOP doesn’t want anything to do with him. The 2014 election can’t come fast enough so that we can be rid of this jerk. That is, if the people of Florida finally grow a brain. That remains to be seen as this state is once again the laughing stock of the U.S. especially since we haven’t finished counting votes. That’s what you get with a GOP/Teabagger extremist controlled state government.

  2. RENEGADE Says:

    The “plan” is that businesses from opressive tax states, such as Cailfornia, will move to Florida and create jobs.

    Hey T.J Ewing, how many jobs have you created?

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