Is the State Senate Holding Tax Cuts Hostage?
"If we walk away from this session and we can't come to an agreement on a tax package, God help us." - House Finance and Taxation Chairman Craig Headland
The fight over this session’s approach to cutting taxes seems to have reached a stalemate, and the prospect that taxpayers could walk away with nothing seems to be increasing by the day.
On March 30th, I wrote about how the Senate was making a power-play move with HB 1158 to remove the Flat Tax Reform features of the original bill, and inject a continuation of the failed property tax buydown program that has been funded to the tune of $7 billion over the last 13 years with no one very happy with the results.
This is despite the fact that Senate Majority Leader David Hogue had previously stated on video he believed that the end result would be a combination of a flat tax and property tax buydown.
Since March 30th, the HB 1158 conference committee has had nine (9) meetings and has struggled to get off the starting block.
Yesterday, a sheet of new options was submitted to the committee, but not discussed that much.
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