(Gov. Rick) Scott is pushing a key element in the package that would increase the corporate tax exemption from $25,000 to $50,000, excluding 3,770 companies from the 5.5 percent tax and reducing state revenue by $29.4 million. The governor wants to phase out the corporate tax, which accounted for nearly $2 billion in state revenue last year.
Scott and other Republicans are billing this as a jobs bill. Florida has one of the lowest corporate tax rates at 5.5 percent. The result is the state has been running deficits shortfalls, which resulted in budget cuts. The corporate taxes have not produced jobs, as can be seen by the chart below.
Florida's unemployment is higher than the national average. There is no evidence that corporate tax cuts produce jobs. It is merely a talking point for Scott and fellow Republicans.
This legislation has Florida Chamber of Commerce president Mark Wilson. A man who represents everything that is wrong about Florida politics.
Wilson lobbied for the the Polk County Sunrail line. The only reason the project was approved because the line was near JD Alex Alexander's business Atlantic Blue. The property value of Atlantic Blue would increase greatly.
Alexander and Scott didn't approve the Sunrail line over high-speed rail over fiscal concerns. The high-speed line would cost $280 million and create 23,000 job. The Sunrail line will cost the state $901 million. State and Polk county would have to pay the cost for any Sunrail accidents caused by CSX. The deal is stupid beyond words.
Wilson's latest goal is gerrymandering the redistricting process. The most powerful man in Florida politics can't be bothered with subtlety. Wilson believes he is above the constitutionally-mandated fair districts law.
"Anybody who understands politics looks at a redistricting and says, 'This is a chance to reset the table,' Wilson said.
Many Floridians were illegally thrown out of their homes with forged foreclosure documents. Attorney General Pam Bondi has been accused by for employees of stonewalling an investigations of questionable foreclosures by banks. Florida's foreclosure courts do not review the documents, before forcing a homeowner to vacate his property. Apparently, the foreclosure process is too slow for Wilson.
"As our economy tries to recover, we recognize there is a lot of pain in the foreclosure process but the delay in the foreclosures is drawing out that pain throughout the entire economy."
Wilson can help you with your pain by making the chances that you become homeless greater. What a nice guy.
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