Monday, April 11, 2011

Freshman Dems: Ready to trade tax breaks for education

It appears there's one thing the newest class of Democratic legislators agree on in the House - session isn't going to end without talk of ending some tax exemptions that could otherwise fund education.

The "11 in 2011" introduced a bill today to end two tax breaks worth $170 million and direct the funding for smaller class sizes in kindergarten through third grade. The legislation would reduce the B&O tax break for Wall Street banks and the sales tax exemption for out-of-state tourists.

With 48 co-sponsors already signed on, it appears their proposal may have some legs. You can read more about it here.