Given Florida’s tight fiscal situation, it may be politically difficult for the Legislature to approve the broad tax cuts that Gov. Scott wants (“Senate prez dashes guv’s hopes for biz tax cuts,” Jan 1).
But legislators wanting to relieve the burden that government places on businesses shouldn’t give up hope. The Hurricane Catastrophe Fund and Citizens Property Insurance Corp. impose multibillion-dollar liabilities on the state, and limiting their reach could, following a major storm, save billions for businesses and individuals alike. If the Legislature can’t make broad-based tax cuts, reductions in Citizens and the catastrophe fund are the next best thing it could do.
Editor’s note: Christian Camara is Florida director of the Center on Finance, Insurance and Real Estate at the Chicago-based Heartland Institute.