US EditionHouse proposes slashing state sales tax for $5B consumer savings
- On Wednesday, Florida House Speaker Daniel Perez, R-Miami, announced a plan to cut the state's sales tax from 6% to 5.25%.
- The proposal stems from a desire to make Florida more affordable and address what Perez calls a 'recurring spending problem' within the state government.
- The proposed cut, which would be the largest in state history, is projected to save Floridians approximately $5 billion annually and would be a permanent, recurring tax reduction.
- Perez stated, "Tax dollars don't belong to the government, they belong to the people," and "we’ll try a novel concept and make Florida more affordable by giving the people of Florida their own money back to them,".
- The budget proposed by the House is intended to be smaller than both Governor Ron DeSantis' $116 billion proposal and the previous year's budget, with President Ben Albritton aware of the House plan and looking forward to reviewing it, though questions remain about how the state will afford the massive tax cut.
25 Articles
25 Articles
Where to cut? House Speaker pushes for historic sales tax cut amid tension with DeSantis
A new battle is brewing in the Florida legislaturethis time, not over immigration but over taxes and the best way to cut them.It all began on Wednesday when House Speaker Danny Perez (R-Miami) stirred the pot with a proposal to reduce the state sales tax by 0.75%, bringing it down from 6% to 5.25%. If the plan passes, Perez claims it could save Floridians around $5 billion annually.This will not be a temporary measure, a stunt, or a tax holiday,…
Tallahassee Reports
News Service of FloridaHouse Speaker Calls for Sales-Tax Cut
By Jim Turner, The News Service of Florida TALLAHASSEE — House Speaker Daniel Perez said Wednesday he wants to lower the state’s sales-tax rate, trimming revenue by almost $5 billion a year. Perez, R-Miami, told House members he has directed Ways & Means Chairman Wyman Duggan, R-Jacksonville, to produce a bill next week that would lower the rate from 6 percent to 5.25 percent. “This will not be a temporary measure; a stunt or a tax holiday. This…
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