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>> SPENDING CUTS Latest News

JAN 28, 2014 - San Francisco Chronicle

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Key campaign promise by Fla. Gov. in limbo

Scott's maverick bid for the governor in 2010 centered on his pledge to revive the state's moribund economy through a mixture of tough medicine that included deep spending cuts and large-scale tax cuts to help the state's businesses. A key part of Scott's "7-7-7" plan to create 700,000 jobs was a promise to completely eliminate within seven years the corporate income tax or the "business tax" as Scott repeatedly called it. When asked about the fate of the corporate income tax cut, a spokesman for Scott said the governor would present his full budget recommendations on Wednesday. "Gov. ... Read More

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