This morning Florida Governor Rick Scott was at the Palm Beach County Convention Center in West Palm Beach kicking off his tax cut plan of $500 million. He is calling it his "It's Your Money" tour. Though some in the audience were left wondering, "Where's the plan?" as Scott did not have a definitive plan, but considers this a listening tour to gain input from Floridians. He went off to Broward County for another meeting this afternoon.
The $500 million is an expected surplus of tax revenue coming to the State of Florida and Scott is seeking ways to spend or offer tax relief for Floridians and Florida businesses.
There is a laundry list of tax cut ideas for the State of Florida including:
- Elimination or reduction of the business tax on electriciy
- A tax credit to reduce commercial insurance costs
- Elimination or reduction of commercial lease taxes
- More sales tax holidays
- Reduction of license plate registration fees
- Reduction of property taxes
- Communications service tax
Speaking about the $500 million tax cuts, Scott said, "My goal is to be sure we get $500 million back to taxpayers, back to citizens of the state in the form of tax cuts and fee reductions. And this is a listening tour to say, 'Hey, this is your money, how should we spend it.'"
Although a reduction of property taxes is being floated around as one of the proposals, Scott's main opponent in the 2014 gubernatorial race, Adrian Wyllie, is suggesting the elimination of all property taxes, equating it to simply paying rent. Wyllie is widely seen as Scott's main opponent of those Floridians who have filed to be candidates.
Florida Libertarians will be giving him an earful of suggestions starting with an end to corporate welfare he is currently doling out. Judging my the crowd at this morning's event, that is unlikely. Several of the attendees were those that benefit from corporate welfare from the state. Libertarians have other suggestions like eliminating the subsidization of public art, lowering the sales tax, make the state government more efficient, reducing the state prison population by releasing those who have been convicted of a crime where there was no victim and much more. Libertarians across the state will be using the governor's #ItsYourMoney hashtag on Twitter and other social media to have their voice heard.