Tag: income tax hike
Podcasts: Miller, “I needed to get 24 votes” on the tax hike; Pipkin, “It will cost us jobs”
In this podcast, Senate President Mike Miller explains that progressive Democrats in his caucus demanded a higher tax on high earners. Minority Leader E.J. Pipkin says, “It will cost us jobs.”
“It’s class warfare,” said Sen. Bobby Zirkin in a second podcast. “It’s the worst instincts of the Democratic Party.”
Read MoreSenate budget plan includes tax hikes for all, pension shift to counties
The Senate Budget and Tax Committee on Thursday sent a $35 billion budget to the full Senate that includes income tax increases for almost everyone and $600 million in ongoing spending cuts.
This fiscal 2013 spending plan includes a shift of teacher pension costs to county school boards, along with new requirements for county governments to fund public schools, allowing them to even disregard local property tax caps to do so.
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Video: Senate focuses on Sen. Roger Manno’s tax hike proposal
Sen. Roger Manno has proposed an income tax hike that is the focus of the Senate’s budget balancing plan. “At the end of the day, we have to find the right balance between cuts and revenues, and the right types of revenues that resonate well with the folks who pay the bills,” said Manno, D-Montgomery, in this video.
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