The Incomplete Legislative Bills (Talking Tax)
Blankety Blanks Advancing. The hosts for this show are Mark Coleman and Tom Yamachika.
Usually, it’s possible to tell which bills in the legislative hopper provide tax breaks as opposed to tax hikes. The bill replaces a current tax rate with another one, and if the new tax rate is higher it’s a tax hike; if it’s lower, a tax break.
But what about the bills that are ‘none of the above’?
By that we mean that some bills replace a current tax rate with a blank. Or several blanks. Those are scary because you don’t know what our lawmakers are thinking of putting in there.
We be discuss the modern legislative technique of replacing operative numbers in tax bills (like the tax rate) with blanks.
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