Friday, September 14, 2007

Graduated Income Tax fails. Let's try an increase in the income tax rate

After about 15 minutes, the floor leader cleared the board on the graduated income tax increase. He has now put HB 5194 on the floor to increase the income tax RATE. This does not require 74 votes to put it on the ballot. It only requires 56 votes, a simple majority, to be enacted on the House side. It would then go to the Senate for a vote as well.

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