Keeping and Modernizing the Corporate Income Tax Would Best Serve Florida | Print |  E-mail
February 2011

Governor Rick Scott's proposal to cut corporate income taxes by $1.5 billion over the next two years would force deep budget cuts for services provided to millions of Floridians.

Meanwhile, profitable corporations, many of them multistate operations headquartered outside of Florida, would pay less for the benefits they receive from the state's education system, its transportation and infrastructure, and other services like law enforcement and the judicial system.

Slashing the corporate income tax would do little, if anything, to improve an already business-friendly tax structure or to create jobs.  But it would do much to decrease the level of services necessary to support a decent quality of life, which is the foundation of economic development.

> Read the report.