Combs: Business tax will never meet expectations
Thu February 5, 2009 11:22 pm

I saw the comptroller in the Capital today and asked about whether the margins tax would recover. She did not want to be tied to specific numbers, but she said that it would never produce what was expected--somewhere in the $5.4B to $5.9B range. And the shortfall will be even worse if the Legislature raises the exemption to $1 million. (Those are my words, not hers.)

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