Tuesday, May 26, 2009

Almost time for a real fiscal discussion

The House Budget Committee will hold a hearing on Rep. Bill Farmer's tax reform bill on June 4 at 1:00 pm in room 129 of the Capitol Annex.

The bill would repeal state income taxes, expand the sales tax to include services, and lower the sales tax rate to 5.5%.

Expect House Dems to try to expand the sales tax but back up on the idea of repealing the income tax.