The GOP fast tracked a lopsided tax proposal out of committee Tuesday that overwhelmingly benefits profitable corporations and people with the highest incomes. The House Revenue and Taxation Committee forwarded House Bill 436 to the full body in a party-line vote following the public hearing. Every constituent who testified spoke against the bill; only lobbyists were in favor. Per the …
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The Economic Outlook and Revenue Assessment Committee met Thursday to adopt a revenue assessment. The committee’s recommendation was then accepted Friday by the Joint Finance-Appropriations Committee (JFAC) for budgeting purposes. The Republican legislators on EORAC voted to adopt the governor’s forecast, which was lower than almost every committee member’s, as well as the various modeled projections from experts. House Democratic …
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Idaho House Republicans introduced a sweeping tax bill on the third day of the 2022 session, carrying with it a huge price tag. The proposed one-time tax rebate increases with income level, so the higher one’s income is, the more money they will receive. The ongoing revenue cuts also direct the largest benefits to the top of the income spectrum. …
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