On $26.1 million net increase, divided Senate votes to raise some taxes, cut others

Posted On Jan 1 2021 by

first_imgA wildly fluid package of tax increases that crossed party allegiances was passed by the Senate Wednesday by a thin 18-12 vote. The slew of tax changes would result in a increase of $26.1 million in new revenues. A $4.55 billion budget then breezed through the Senate on a 27-3 vote. Senate President Pro Tem Peter Shumlin pushed the tax package through the upper house despite objections from deep within his own party. Among the tax changes are across-the-board decreases in the income tax; limiting the capital gains exemption to $5,000 from 40 percent of value (to offset the income tax cuts); new taxes on satellite television services and digital downloads; re-imposing of a sales tax on clothing over $110; and increases in liquor and tobacco taxes. The budget includes increase in spending in part because of federal stimulus money being pushed into some programs, but in some cases, like unemployment insurance, are increasing just as major broad-based taxes (income, sales, transportation, education property) have suffered since last summer.Amendments to the Senate bill, before it is finalized, will be offered today. Even if passed as is, the Senate tax package will meet a much simpler House version in conference committee where many of the more controversial aspects of the Senate bill will likely be stripped out, namely the cutting of the income tax at the highest marginal rate and the clothing tax. The budget also could be cut to reduce the need to increase taxes.The tax package as is would lower incomes taxes for 84 percent of Vermonters and would drop Vermont’s top marginal rate from first to fifth nationally.The legislature has cut $70 million from the state budget since January 2008 and the FY10 budget includes an additional $28 million of cuts.last_img read more


Death toll from vaping rises to 22

Posted On Sep 20 2020 by

first_imgThe CDC is reporting that the death toll stands at 22 people in 15 states from vaping.The grocery store chain Kroger will no longer sell the product at any of their locations as the CDC investigates thousands of illnesses and lung damage in the nation.A new study says exposure to nicotine from e-cigarette vapor causes lung cancer.Researchers at New York University found that vaping causes lung cancer and potentially bladder cancer in mice, concluding it is likely “very harmful” to people as well.The study funded by the National Institutes of Health is the first to link cancer to vaping definitively.The amount of smoke the mice were exposed to was similar to a person who’s vaped for about three to six years.last_img


Earthquake felt Thursday night at 11:37 p.m.

Posted On Aug 14 2020 by

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Sumner Newscow report — Sumner County had another earthquake Thursday night at 11:37 p.m. This one’s epicenter was 8.1 miles north of Caldwell with a magnitude of 3.7.  The modern record is 4.8. Follow us on Twitter.last_img read more