Tax Bills, Social Bills
0
Votes

Tax Bills, Social Bills

<b>Competing Tax Plans</b>

<table border=1 cellpadding=2 cellspacing=0><TR><TD><b>Issue</b></td><td><b>Senate Plan</b></td><td><b>Governor's Plan</b></td><td><b>House Plan</b></td></tr><tr><td><b>Income Tax</B></td><td>6.25% rate on income between $100,000 and $150,000. 6.5% rate on income over $150,000. Current rate is 5.75% on all tax brackets above $17,000</td><td>5.75% on $20,000 to $100,000 and 6.25% on income over $100,000</td><td>No change</td></tr><tr><td><b>Income Tax Age Deduction</b></td><td>Institutes means testing but grandfathers seniors currently in the program. Right now those over 62 get in income tax deduction regardless of income</td><td>Eliminates for those currently not in the program</td><td>No change</td></tr><tr><td><b>Cigarette Tax</b></td><td>Increases state tax to 20 cents per pack starting this year and to 35 cents per pack next year. Proceeds go to health care fund. Right now the tax rate is 2.5 cents</td><td>Increases state tax to 25 cents per pack and gives localities the right to tax up to 50 cents a pack</td><td>No change</td></tr><tr><td><b>General Sales Tax</b></td><td>Increases to 5.5%</td><td>Increases to 5.5%</td><td>Eliminates special sales tax exemptions for businesses. Right now there are over 700 such special exemptions</td></tr><tr><td><b>Sales Tax on Food</b></td><td>Reduces to 2% from 4%</td><td>Reduces to 2.5%</td><td>No change</td></tr><tr><td><b>Gas Tax</b></td><td>Increases to 20.5 cents a gallon from current rate of 17.5 cents</td><td>No change</td><td>No change</td></tr><tr><td><b>Car Tax relief</b></td><td>No Change. Right now the state refunds 70 percent of the car tax</td><td>Phases in full relief by 2008</td><td>No change</td></tr><tr><td><b>Two-year Revenue Increase</b></td><td>$3.7 billion</td><td>$1 billion</td><td>$520 million</td></tr></table>

<b>A Few of this Year's Social Bills</b>

<table border=1 cellpadding=2 cellspacing=0>

<tr><td><b>Bill Number</b></td><td><b>Patron</b></td><td><b>Effect</b></td><td><b>Status</td></tr><tr><td><b>HB1/196</b></td><td>Cosgrove/Black</td><td>Criminalizes feticide when not performed as part of a legal abortion</td><td>Passed the House</td></tr><tr><td><b>HB116</B></td><td>Marshall</td><td>Places the same requirements on abortion clinics as on hospitals</td><td>Passed the House</td></tr><tr><td><b>HB1414</b></td><td>Marshall</td><td>Prohibits colleges and universities from distributing the morning-after pill to students</td><td>Passed the House</td></tr><tr><td><b>HB187</b></td><td>Black</td><td>Requires that only people of the same family can apply for joint low-rate housing loans from the state</td><td>Killed by the full House</td></tr><tr><td><b>SJ91</b></td><td>Cuccinelli</td><td>Urges Congress to pass a constitutional amendment barring same-sex marriage</td><td>Passed the Senate</td></tr><tr><td><b>SB371</b></td><td>Cuccinelli</td><td>Requires that the unborn child in an abortion be anesthetized in the same way as a patient undergoing amputation</td><td>Killed in Senate committee.</td></tr></table>