Tuesday, October 6, 2009

TAX ALERT! House Moving Huge Tax Increase Today!

The House Tax Policy Committee was called into special session today. Meanwhile the House Chamber was locked down. All members are required to stay until the Speaker releases them. Following is the latest intel we have on what is being offered:
  • 15 percent in MBT tax "expenditure cuts" raising $116.1 million
  • Other tobacco products tax, $41 million
  • Extend bar hours of operation, $13.7 million
  • Personal exemption index freeze $55 million
  • Physician tax of 3 percent to leverage more federal Medicaid dollars, $52.5 million
Now is the time to spring into action once again. Call your State Representative NOW. Don't call Senators yet. If these increases get through the House, they will go to the Senate next; that is when you should call the Senate. Find your State Representative here.

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