Vt. lawmakers give in on tax changesMay 13,2013The Associated Press
MONTPELIER— Vermont lawmakers say they’re giving up their effort this year to make the state’s income tax more progressive.
The move came after Gov. Peter Shumlin insisted he wanted no changes.
Senate President Pro Tem John Campbell says lawmakers had been pushing for capping the home mortgage interest deduction and making other changes designed to get more revenue from high-income taxpayers and less from middle- and lower-income Vermonters.
Lawmakers have been maintaining that the changes are revenue neutral, but Shumlin says his aides’ calculation show they would raise millions of new dollars.
Campbell says lawmakers will take up the issue when they come back in January.
Meanwhile, he says he’s still hopeful they can wrap up their business for 2013 by Tuesday evening.
- Most Popular
- Most Emailed
- RICHARD'S POOR ALMANACK: On this day in 1778, Capt. James Cook is first European to set eyes on Maui in Hawaiian Islands; 1922, Pharoah Tutankhamun found after 3000 years; 1909, Hollawood movie star Frances Dee born in Los Angeles.
- TOMORROW'S HEADLINES TODAY: Hazmat unit called downtown, Boys & Girls Club hosts dinner for members and families, Secret Santa back on the beat, city discusses runoff problem on Mayfield Road, Brandon gets creative about fixes to town roads, sidewalks.
- RICHARD'S POOR ALMANACK: In 1944, U.S. begins B-29 bombing raids on Japanese main islands; in 1950, Great Appalachian Storm begins to form; 1963, Lee Oswald killed by Jack Ruby; 1974, D.B. Cooper hijacks Seattle-bound airliner; 1974, 'Lucy' found.
- RICHARD'S POOR ALMANACK: On this day in 1927, striking Colo. miners attacked with machine guns by state police; 1877, Thomas Edison announces invention of the phonograph, 1959, Alan Freed fired by WABC 770 AM for accepting payola to promote records.
- RICHARD'S POOR ALMANACK: On this day in 1863, President Abraham Lincoln delivers short speech in Gettysburg, Pa.; in 1984, a Pemex LNG facility destroyed by series of gas explosions, 600 people are killed; in 1998, Senate builds fire under Bill Clinton.
- RICHARD'S POOR ALMANACK: On this day in 1831 – Independent South American super-state, Gran Colombia, dissolved; 1856 - Fort Buchanan built to control Apache warriors; 1970 - William Calley Jr. goes on trial after 1968 massacre at My Lai, Vietnam.