January 18,2013; Nat Rudarakanchana; VTDigger
Sen. Tim Ashe and Rep. Janet Ancel, two lawmakers with strong influence over state taxes, are taking differing stances this year on how to approach the state’s more than $1.3 billion worth of tax exemptions.
Ashe, a Burlington Democrat/Progressive and newly named chair of the Senate Finance Committee, said he’d like to review tax exemptions as a potential way to raise revenue. Ancel says eliminating tax breaks would be difficult and not necessarily beneficial.
“The governor has made very clear his interest in seeing no new broad-based taxes, and to the extent he means we should sort of shake all other trees first, I absolutely agree,” Ashe said last week.
“We should achieve fairness first before thinking about raising new revenues,” Ashe said. “In the tax code we have exemptions, some of which are no longer appropriate in the modern era. We’ll take a look at those.”
Read the whole article >>