$5 billion less in taxes: Florida plan to challenge DeSantis and could affect you directly

Floridalawmakersareworkingtohashoutastatebudgetforthe2025-2026fiscalyear.Thecurrentproposalplanstospend$118.6billion,butHouseSpeakerDanielPerezsparkedabudgetdebatewithanideaheputforththisweekthatwouldforcethestategovernmenttoreininspending. Hewantstolowerthestate’ssales-taxratefrom6%to5.25%,thusslashingstaterevenueby$5billionayear.However,itmayconflictwithGovernorRonDeSantisowntaxcutplans. FloridaHouseSpeakerDanielPerez:Not“astuntorataxholiday”but“apermanent,recurringtaxreduction”“Thiswillnotbeatemporarymeasure,astuntorataxholiday.Thiswillbeapermanent,recurringtaxreduction,”theMiamiRepublicantoldfellowmembersoftheFloridaHousethispastweek.“ThiswillbethelargeststatetaxcutinthehistoryofFlorida.Ifwearesuccessful,wewillbecometheonlystateinthehistoryoftheUnitedStatesofAmericatopermanentlyreduceitssalestax.” Whileontheonehand,itwouldgiveresidentsoftheSunshineState,whoaredealingwithFlorida’sa