Budget Chairs Question Governor's Proposal
By Alabama Public Radio
Montgomery, AL – State Senator Hank Sanders and Representative Richard Lindsey say Governor Bob Riley's proposed income tax cut will not pass as it stands. They're the chairmen of two legislative budget committees. They told the governor Wednesday they're worried about his plan to cut back on tax collections for education. The governor's idea would cut income taxes but also reduce future tax collections for public education by about 233 million dollars a year. The governor says now is the time for a tax cut because the economy is good and tax collections are at record high levels.