Friday, April 22, 2005

Millionaires to Pay More Under Dem Budget

The Legislature's Finance, Revenue and Bonding Committee passed a budget which includes an extension of the business-tax surcharge and an increase in the inheritance tax focused on the wealthiest citizens in the state. The tax increase would raise over a billion dollars in the next two years.

Gov. Rell has called the tax increase "unacceptable." Democrats counter that their plan is more fair than the tax increases pushed by the Governor.

Stories here, here, here.

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