Ralston: No Rush On Tax Reform

January 7, 2011 9:45 am

by Buzz Brockway · 3 comments

Jim Galloway has this tidbit from Speaker Ralston:

“This is the first time this report will have … had its encounter with the legislative process. I can imagine the legislative branch will want to weigh in on it,” he said.

He did not say whether the joint committee would bring the resulting tax plan up for a vote in the House and Senate this year.

“I don’t know that we are under a deadline to deal with this,” he said. “I don’t know what’s in the report and I don’t know what the future of the recommendations will be.”

There have been a couple of editorials in the past few days (here and here) complaining that the Special Council has ignoring the public and will screw us all. I don’t understand that sentiment. We don’t yet know exactly what they will propose but there are plenty of materials on their website (click on “meeting materials” and “background materials” and read to your heart’s content) that point toward what they will propose including a presentation A.D. Frazier gave new and old Legislators at the Biennial in Athens a few weeks ago. Frazier’s presentation in particular gives us a pretty good idea of where they’re headed.

Couple Ralston’s statement with the volume of documents on the Special Council’s website and I’m encouraged we’ll have a vigorous debate and construct a reformed tax code that is fair and encourages economic growth. We’ll start that debate early next week when the Council’s proposal is made public.

UPDATE: Press Conference today at 3 PM, report available online at 2 PM.

Dagny January 7, 2011 at 10:18 am

I am looking forward to see what comes out of this session. It is great to know you will be a part of it and even though I did not vote for Deal, I really hope he is a great Governor.

rebelyelp January 7, 2011 at 10:24 am

I’m preparing to pay more. The tax base will be broadened “in anticipation” of lowering rates. I won’t hold my breath on that second part.

Three Jack January 7, 2011 at 11:22 am

i’m encouraged by seeing that dr. roger tutterow is on the commission. it will be interesting to see what they recommend, but it is encouraging to know they are focused on consumption over income and property taxes.

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