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Vt. Senate Finance Committee concerned with fairness - WCAX.COM Local Vermont News, Weather and Sports-

Vt. Senate Finance Committee concerned with fairness

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MONTPELIER, Vt. -

Vermont Senate Finance Committee Chairman Tim Ashe says they're concerned more with fairness than raising new revenue.

Ashe says he believes a Senate tax plan will be voted out of committee next week. But, he says because appropriation has yet to determine what will be spent, his committee does not yet know if it will need to raise new revenue. He says issues currently on the table-- like the cigarette tax and capping the home mortgage interest deduction-- will be supported or opposed based on fairness.

"There are some people whether their incomes are $75,000 a year, $100,000, or $500,000-- who pay an extremely low percentage of their income in taxes, we're talking maybe less than 1 percent of their income," said Ashe, D/P-Chittenden County.

Gov. Peter Shumlin has criticized plans by the House to raise more than $20 million through new taxes or increased taxes.

Ashe says he expects his committee will focus more on tax exemptions and deductions.

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