A Democratic delegate is floating a budget compromise with moderate Republicans outside the conference committee negotiations. The plan does NOT raise sales taxes or the income tax but purports to raise $1.16 billion by:<\/p>\n
*Increasing tobacco taxes 25 cents
\n*Increasing the gas tax six cents
\n*Doubling the car licensing fee
\n*Eliminating sales tax exemptions for businesses except the airline and shipping industries (using more conservative revenue estimates than the House budget claims)<\/p>\n
On the other side of the ledger, the plan would:
\n*Increase the threshold for filing income tax from $7,000 single\/$14,000 married
\n*Increase per dependent income tax exemptions from $800 to $1,000<\/p>\n
The half-cent sales tax that now is dedicated to transportation would go into the general fund. <\/p>\n
The transportation fund would be replenished with the gas tax increase.<\/p>\n
Editor’s Note: This post was edited after posting.<\/p>\n","protected":false},"excerpt":{"rendered":"
A Democratic delegate is floating a budget compromise with moderate Republicans outside the conference committee negotiations. The plan does NOT raise sales taxes or the income tax but purports to raise $1.16 billion by: *Increasing tobacco taxes 25 cents *Increasing the gas tax six cents *Doubling the car licensing fee *Eliminating sales tax exemptions for… Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/posts\/1455"}],"collection":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/comments?post=1455"}],"version-history":[{"count":0,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/posts\/1455\/revisions"}],"wp:attachment":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/media?parent=1455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/categories?post=1455"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/tags?post=1455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}