Taxes

AP/Toby Talbot

At the Statehouse today, lawmakers are spending much of their time on the House and Senate floor debating a slew of bills. The only thing that’s certain, though, is death and taxes.

VPR/Bob Kinzel

Governor Peter Shumlin and the Senate Finance committee are on a collision course concerning a new tax package.

The Governor didn’t like the tax package that was passed by the House last month and he doesn’t think m

uch of the proposal being crafted by the Senate Finance committee.

The committee’s draft plan caps mortgage interest deductions on the income tax, it creates a new minimum income tax rate and it imposes the sales tax on bottled water.

The Governor made it clear that he opposes the committee’s approach.

The Vermont House this morning approved a compromise transportation bill that will raise gas and diesel taxes on May 1.

House Transportation Committee Chairman Pat Brennan, R-Colchester, said the bill strikes a middle ground between the House and Senate versions.

“With a little back and forth I think we’ve come to a place where we can actually make this tax package a little more palatable, if that’s possible,” he said.

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