As Floridians file their taxes today, data from the Senate Joint Economic Committee sheds new light on just how many Floridians would see their taxes go up and retirement benefits threatened if the Republicans’ disastrous new agenda were implemented. But even as experts from across the political spectrum have denounced Scott’s plan, Marco Rubio is too afraid to stand up to his party boss to disavow it.
“If Rick Scott and Senate Republicans had their way, four out of ten Floridians would be forced to pay more on tax day, and over 4.5 million Floridians who earned Medicare and Social Security could see their retirement benefits sunset. Marco Rubio’s refusal to stand strong and rule out this agenda is another example of his cowardly failure to do what’s best for Florida,” said Florida Democratic Party spokesperson Grant Fox.
Numerous recent studies have shed light on just how destructive Scott’s plan would be for Floridians:
Senate Joint Economic Committee: 41% of Florida residents could see a tax increase under Scott’s federal minimum tax plan. 4,680,000 Floridians who benefit from Medicare, 4,840,000 Floridians who benefit from Social Security, and 1,517,000 veterans across the state could see the programs they rely on sunset.
Institute On Taxation And Economic Policy: Florida would be one of the most affected states by Scott’s tax plan, with 40.5% of residents seeing an increase. 79% of the new tax burden would fall on those making less than $45,600.
Center For American Progress: “If implemented, Sen. Scott’s plan would require households with children making less than $50,000 to shell out more than $4,500 in additional taxes.”
Tax Policy Center: “Low-income families with children would pay the most: Achieving Scott’s goal would slash their after-tax incomes by more than $5,000, or more than 20 percent.”