Wednesday, May 11, 2011

Stage set for tax fight in House

The House Ways and Means committee took the first steps this afternoon to setting up a tax fight on the floor of the House during the "budget focused" special session. In a 15-11 vote, the committee members approved an amended version of HB 2078. The proposal would raise taxes on bank mortgage activity. Because the proposal is not a referendum it would require a 2/3 vote on the floor of the House making its prospects highly unlikely. Instead it appears the potential floor fight is more geared toward scoring political points since the outcome is all but certain to end in defeat of the proposed tax increase . . . READ MORE


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