Thursday, April 07, 2005

Tax Cuts (sort of)

The Senate passed today a very watered down version of Governor Sanford's Tax Cut Proposal. The original proposal was an across the board cut from 7% to 4.5% for EVERYONE. The Senate passed a cut from 7% to 5% only for small businesses. Now I've never met a tax cut I didn't like, but I am truly disappointed in the witling down of a good proposal.