June 27, 2021

A wasted chance to reduce inequity in Florida [Herald Tribune]

Sadaf Knight writes:

This year should have been the year for tax code reform in Florida. The state's lawmakers had the chance to set Florida up for an equitable, long-term recovery by prioritizing investment in programs and services to help low-income Floridians, who have been hit the hardest by the pandemic and the economic recession.

But while state leaders were able to preserve important investments in education and health care in next year’s budget – thanks to short-term federal aid from the CARES Act and the American Rescue Plan Act – they did not close corporate tax loopholes or fix Florida’s upside-down tax code. And Senate Bill 50, which takes effect July 1, should serve as a cautionary tale on how not to reform the tax code.


The Florida Policy Institute has developed a list of 21 common-sense measures that would generate $4.5 billion annually in revenue [emphasis added]. While Senate Bill 50 may have missed the mark, it’s never too early to prepare for the next legislative session. Let’s make 2022 the year that our state changes course and enacts tax code reforms that foster economic stability for all Floridians.

Sadaf Knight is the CEO of the Florida Policy Institute, which is a nonpartisan nonprofit organization. [emphasis added]"

Read more on heraldtribune.com

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