Diana Gonzalez

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Lawmakers pitch carbon tax proposals

BARRE — A group of lawmakers plan to introduce legislation Tuesday that would tax carbon pollution and use the revenue to cut various taxes for Vermonters. Four bills were announced at news conferences Monday as part of a coordinated campaign to begin a conversation about a so-called carbon tax. Lawmakers say they plan to introduce four separate bills focused on reforming different taxes. At Capstone Community Action in Barre, Rep. Johannah Donovan, D-Burlington, said the legislation she will introduce will cut income taxes for Vermonters, small business and will double the Earned Income Tax Credit used by 43,000 low-income residents. “This bill cuts the tax rate for the bottom income bracket in half from 3.55 percent to 1.75 percent,” she said. Continue Reading →

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House passes budget plan with just one no vote

MONTPELIER — Tax and spending bills in the Vermont House received broad, tri-partisan support on the floor for the first time in many years as the body agreed to balance a projected state budget gap without raising taxes and fees. Majority Democrats secured the support of Republicans and managed to hold onto left-leaning Progressives as they crafted a budget bill that cuts into existing services. The House gave preliminary approval to the annual tax bill on a 138 to 0 vote Thursday morning, followed by preliminary approval of a 2018 fiscal year state budget on a 143 to 1 vote later in the afternoon. The House’s tax bill does not create any new taxes or fees, nor does it raise existing ones. It does raise about $5 million in revenue, however, by counting on better compliance from Vermonters, which was enough to gain the support of the entire GOP caucus. Continue Reading →

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