December 11, 2017

Struggling Floridians and Working Families Left Behind in U.S. House and Senate Tax Legislation

This post was last updated on December 8, 2021. As new policies are announced, FPI will update this page.

As Florida’s response to COVID-19 takes front and center, concern grows for low-income families who struggle to take precautions against the spread of the virus. Although Congress has passed the Families First Coronavirus Response Act to address, at least in part,  the public health crisis and economic fallout from COVID-19, many barriers continue to keep struggling families from accessing the assistance they need during the pandemic. As Florida initiates policies implementing the Act and addressing other barriers to the safety net, FPI will update this form. When available, hyperlinks are provided to agency documents or statements that provide greater detail  about the new policy.

On March 22, 2020, FPI and 44 other organizations sent a letter to Governor DeSantis, leadership in the Legislature and agency heads to urge action on 47 specific policy changes to reduce unnecessary barriers for Florida’s safety net programs in response to the COVID-19 pandemic. See the letter here.

Both plans diminish any nominal tax benefit for low- and middle-income taxpayers by 2027

LAKE MARY, FL – As Congress irons out details on a final tax bill, the D.C.-based Institute on Taxation and Economic Policy (ITEP) released a side-by-side comparison of legislation passed by the U.S. House and Senate. The ITEP data show the disproportionate benefit that wealthy Floridians would receive under both bills.

“By 2027, any small income tax benefit that low- and moderate-income Florida families may see in 2019 is either gone or greatly diminished. This is not tax reform.” said Joseph F. Pennisi, executive director of the Florida Policy Institute. “In a one-two punch, the loss of revenues will result in deep cuts to high-demand federal programs and services.”

The ITEP analysis delineates the projected implications for tax liability, by state, based on income. Florida data are provided in the chart below.

“I urge the Florida congressional delegation to consider the best interest of hard-working Sunshine State families and reject the final tax bill,” added Pennisi.

The Florida Policy Institute is an independent, nonpartisan and nonprofit organization dedicated to promoting widespread prosperity through timely, thoughtful and objective analysis of state policy issues affecting economic opportunity.

Downloadable Resources

There are no attachments currently.
No items found.
Related posts
No items found.