Senators Consider Repeal Of Old Income Tax Cut To Fill Budget Hole

A bill to roll back a 15-year-old income tax cut and raise all tax rates by a quarter of a percent (.25%) may be part of Senate strategy to avoid a “doomsday” budget of drastic cuts by generating $600 million in new revenue. The bill proposed by Sen. Roger Manno, D-Montgomery, repeals a 1997 income tax cut “that greatly contributed to the budget deficit of today,” Manno said.

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