Monday, April 12, 2010

Did we say "temporary" tax?

A world record may have been broken yesterday - the shortest time in recorded history for lawmakers to decide a "temporary" tax should be permanent. On Saturday the long awaited details of the Democrats nearly $800 million in tax increases was made public and then hastily voted on by the House. Among the taxes being increased is charging sales tax on bottled water. That tax was supposed to expire on June 30, 2013. At a Senate Ways and Means hearing yesterday, however, a substitute proposal for HB 2561 was made public for the first time and adopted by the committee which would make that tax permanent to help pay for $505 million in "green" building bonds . . . READ MORE


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