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Tax Swap Arguments

September 2nd, 2008 by Mike Vasilinda

At 9 am tomorrow, the Florida Supreme Court will hear arguments on why it should or shouldnt allow a controversial tax swap back on the ballot. Amendment 5 would eliminate a large portion of the taxes you pay for schools. The language suggests school budgets wont suffer and the money will be made up from other tax sources. A circuit court judge took the amendment off the ballot because it only promises to hold schools harmless for a year, even though the summary doesnt say that to voters. Today, two groups of retirees today came out against the amendment. 87 year old Ben Colmery says it will hurt seniors the most.

“Every one of us developed a long-term plan to ensure we’d have enough money throughout our retirement, Colmery said. We want people to understand that major, new, unexpected costs from a state sales tax and/or service tax jeopardizes these financial plans.”

Posted in Amendments, State News, Taxes | No Comments »

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