Budget deal signals defeat for “Big Four” taxes

The budget deal took as long as it did because the Senate refused to accept a new income tax on capital gains, a tax on energy, a business tax hike, or a new real estate excise tax.  In the end, the other party controlling the House abandoned their quest for each of these job-killing proposals. In addition to defeating the “big four” tax hikes, we achieved dramatic new investments in schools, mental health, senior care and state employee compensation.  At the end of 2019 we are projected to have the largest ending rainy day fund balance in history at more than $2 billion. We also closed the “Boeing Loophole” and cut state business taxes for all manufacturers to match the low rate given to Boeing and other aerospace companies.