Tax Swap Arguments
September 2nd, 2008 by Mike VasilindaAt 9 am tomorrow, the Florida Supreme Court will hear arguments on why it should or shouldn�t allow a controversial tax swap back on the ballot. Amendment 5 would eliminate a large portion of the taxes you pay for schools. The language suggests school budgets won�t suffer and the money will be made up from other tax sources. A circuit court judge took the amendment off the ballot because it only promises to hold schools harmless for a year, even though the summary doesn�t say that to voters.� Today, two groups of retirees today came out against the amendment. 87 year old Ben Colmery says it will hurt seniors the most.
“Every one of us developed a long-term plan to ensure we’d have enough money throughout our retirement,� Colmery said. �We want people to understand that major, new, unexpected costs from a state sales tax and/or service tax jeopardizes these financial plans.”
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