Florida's biggest corporations got a half-billion-dollar present from the Legislature
Despite Republican control of the state House and Senate, Florida Democrats say they plan to try next year to repeal a new state law that gives a half-billion-dollar tax refund to major corporations.
Republican legislative leaders peddled the tax refund, along with a corporate tax rate cut, as Florida’s response to changes made at the federal level in the Tax Cut and Jobs Act of 2017.
“When you see $500 million go away to major corporations, it’s a smack in the face to taxpayers who don’t get those same type of refunds and are just surviving paycheck to paycheck,” said state Rep. Anna Eskamani, an Orlando Democrat.
Eskamani, along with most of the state House Democrats, opposed the law passed in the spring session that essentially created a three-year plan to reduce corporate taxes for some of Florida’s largest companies.
Read more: https://www.floridaphoenix.com/2019/08/21/floridas-biggest-corporations-got-a-half-billion-dollar-present-from-the-legislature/
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