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Haridopolos: Scott's corporate tax cut is dead

Gov. Rick Scott continues to emphasize the need for a cut in the state's 5.5 percent corporate income tax -- as he did on Fox & Friends Sunday morning. But Senate President Mike Haridopolos, in his most definitive comments to date, says it won't happen this year.

"As I've talked to so many members and more importantly, business leaders across the state, they feel that stability is more important than reducing a 5.5-percent corporate tax rate," Haridopolos said Sunday. "My stance has been and will continue to be that the most important thing is to show budget discipline by spending less."

The Senate leader, a Republican U.S. Senate candidate, said the final budget now rounding into shape in late-session negotiations in the Capitol will include between $50-million and $100-million in tax and fee cuts, "but it won't be on the corporate side."

Haridopolos said he and Scott have discussed creating a new forumula for cutting the corporate income tax cut based on a gradual phase-out of the tax as state revenues increase in future years. But the senator said the issue will have to wait until the 2012 session. Scott has suggested he might veto the entire $67-billion state budget if they don't include tax cuts that he repeatedly promised voters on the campaign trail last fall. 

-- Steve Bousquet

Comments

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Muckraker

Adam Hasner for U.S. Senator from Florida

http://www.practicalstate.com/?p=6981

Cheers

Angry Taxpayer

It certainly says a lot for Haridopolos when he and the others cannot reduce spending enough to cut corporate taxes to 3.5 - 4 percent.

Mickey

It would appear that State Senator Haridopolos is now content to have this be his last term in elected office in Florida. He needs to either get behind Governor Scott's proposed budget cuts (INCLUDING the corporate tax cuts!) or he needs to resign and get out of the way. Mike campaigned on a platform of fiscal conservatism which included lowering the corporate tax rate to spur the creation of jobs withing Florida. Clearly he has no interest in honoring that commitment.

Step down now Senator Haridopolos and avoid the embarrassment of getting thoroughly beaten in the next elections. Allow someone who is brave enough to actually perform the job to take over!

Can't Take It Anymore

Looks like the Tea Partypoopers are up in arms because the corporate interests didn't win 100% of the battles in this legislative session. They can't accept the fact that the elderly, sick, young, mentally ill, and anyone who happens to like libraries took a harsh beating to assure the wealthy paid no higher taxes during these tough budget days. R. Scott
Enterprizes, Inc.-a for profit corporation-(formerly known as the State of Florida) is now only by and for the rich. All others may leave on the next Greyhound bus.

Tim

Get ready to come back in July legislature.

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