Upcoming Special Session?
Rumors have been swirling that Gov. Little may call a special legislative session to address inflation, possibly through tax cuts or another "one-time tax rebate". If this special session does take place, we should use it as an opportunity to institute permanent tax cuts including eliminating the grocery tax.
The Governor has confirmed that a special session is being discussed, but the discussions (as usual) are happening behind closed doors.
It's rather ironic that even as the Legislature contemplates returning some portion of the record surplus in tax collections the state has accumulated, liberal activists are seeking to impose one of the country's highest income tax rates on Idahoans. This nearly 11% income tax rate would rival those found in California, New York, and Washington D.C.
Many Idahoans may be surprised to find an unprecedented increase in our state income taxes on the ballot this November, but hopefully they will be wise enough to reject this incredibly flawed proposal.