Despite Resistance, Governor Scott Wants $1 Billion in Tax Cuts

Gov. Rick Scott
Posted at 5:37 AM, Nov 05, 2015
and last updated 2015-11-05 05:27:43-05

TALLAHASSEE, Fla. - Florida Gov. Rick Scott wants to cut taxes by $1 billion in the coming year despite likely resistance in the Republican-controlled Florida Legislature.

Scott is expected on Thursday to announce a tax-cut package he will submit to state legislators along with his budget recommendations. Legislators will consider the tax cuts during their regular session that starts in January.

The size of Scott's tax cut package will likely catch some GOP lawmakers off-guard. The Florida Senate has already said it was willing to cut taxes only about $250 million in 2016. Top senators say deep tax cuts could cause a budget deficit in future years.

Most of Scott's proposed tax cuts would help businesses. He wants to eliminate corporate income taxes for manufacturers and retailers. That would cost an estimated $770 million.

Scott is also recommending a 10-day back to school sales tax holiday.