Senate Democrats have their tax plan ready.
According to a document received by the Associated Press, the Senate Finance Committee will consider a proposal today that would reduce the sales tax rate but expand the services it covers, repeal the food tax and raise sin taxes.
The plan would raise $600 million a year, more than the $500 million in revenue missing from the Senate budget passed earlier this month.
Under the plan:
* The sales tax rate in most counties would drop from 6.75 percent to 6 percent.
* The sales tax would be expanded to cover moving services, building repairs and downloaded music.
* Corporate and individual income tax rates would go down.
* The 2 percent tax on food at grocery stores and other retailers would be repealed.
* The cigarette tax would be increased 15 cents per pack.
* The alcohol excise tax would be increased.
The House is also expected to put together its own proposals for modernizing the tax code.
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Re: "Modernize Tax Code" = Lower your Taxes
Can you even read?
Oh yes, drinking and smoking in the tax-exempt church that tells you not to do either, but vote for Bush anyway just 'cause will now cost more.
Point taken. Laughed at! But taken.