Rev & Tax OKs $36M Tax Cut

Who would benefit from tax cut: For a married couple filing jointly with no dependents, it’s $72,520. For a couple with two children, it’s $79,920. More here .

The House Revenue & Taxation Committee has approved HB 563 on a 13-4 vote, and sent it to the full House with a recommendation that it “do pass.” The bill, which permanently cuts individual and corporate income taxes for top earners by $35.7 million a year, is co-sponsored by 40 of the 70 members of the House. Rep. Marv Hagedorn, R-Meridian, told the committee, “The governor has recommended that we not collect this money, that we’re collecting too much.” House Majority Caucus Chairman Ken Roberts, R-Donnelly (pictured), who made the motion to pass the bill, said, “It’s not the $45 million that the governor proposed in his budget … but unless we move forward with putting a number and a tax bill before the Legislature, it’s likely that the budget committee will basically spend everything we have”/ Betsy Russell , Eye On Boise. More here.

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Question: Rep. John Rusche, D-Lewiston, comments that it’s irresponsible to cut taxes when the state can’t meet its current needs. What do you think?