Unlike other years, when tax reductions have tended to favor businesses, this year’s $429 million package of tax cuts is consumer-friendly.
The biggest piece will reduce the tax paid on phone and television services. On a $100 monthly cellphone bill, customers will save about $1.75. Consumers also get a 10-day sales tax holiday on back-to-school clothing and supplies that begins Aug. 7, and college textbooks will be tax-free for a year beginning July 1.
But, as previously noted, most of the state’s new school money will come from property taxes rather than general revenue, which includes sales taxes and other fees.
And the tax cuts could’ve been bigger. The bigger reductions that Scott and the House wanted shrunk when the Legislature agreed to divert $400 million to hospitals.
All told, taxpayers, too, became casualties in the Legislature’s long fight over FHIX.