Quantcast

Tax twist slows progress in Montpelier - WCAX.COM Local Vermont News, Weather and Sports-

Tax twist slows progress in Montpelier

Posted: Updated:
MONTPELIER, Vt. -

Disagreements between the Shumlin administration and Vt. lawmakers Friday, despite last week's agreement not to raise new taxes. And it means work at the Statehouse will spill into next week.

The Senate, the House and the governor still remained at loggerheads Friday evening, with no agreement. In fact, that Saturday adjournment they've been targeting for some months now is out the window. Legislators will come back Monday

and Tuesday, and they say they still might not reach a tax agreement. That might fall and this year's current policy may simply continue.

Those on the committee tasked with determining the state's tax policy were initially scheduled to sit down to negotiate late Friday morning. Lawmakers want to create a minimum tax rate for high earners who pay percentages similar to the lowest earners. The administration meanwhile is set to fulfill its pledge of not raising any broad-based taxes. The impasse is likely to prevent the Legislature from meeting its self-imposed Saturday deadline for wrapping up the year's work.

Tax plan negotiations continued behind closed doors at the Vermont Statehouse Friday, as leadership kept most legislators, reporters and the public in the dark. The impasse is over the handling of income tax changes.

Rep. Janet Ancel and Sen. Tim Ashe-- chairs of the respective House and Senate Tax Revenue Committees-- support measures which would guarantee Vermont's highest earners don't effectively pay the same rates as the state's poor. The plan would not mean increases for all wealthy residents, and would grant breaks for about 72 percent of the population.

Administrators aren't backing down from pledges not to raise any broad-based taxes, though Gov. Peter Shumlin did sign a gas and diesel tax hike.

Earlier this week he essentially threatened a veto of the House and Senate plan, though he would not use the word.

It's unclear if the Legislature has the votes to overturn a veto.

Legislators argue their plan would mean tax breaks for about 70 percent of the population, but the governor's not convinced that their plan wouldn't raise rates. That's because he sees their data is based on 2010-- one of the worst years. So he's worried that could raise about $10 million.

  • Local NewsMore>>

  • N.H. man killed in Lunenburg crash

    N.H. man killed in Lunenburg crash

    Monday, September 1 2014 11:33 PM EDT2014-09-02 03:33:55 GMT
    One man is dead following a tractor trailer rollover in Lunenburg.
    One man is dead following a tractor trailer rollover in Lunenburg.
  • 2 charged with skid-steer joyride on I-89

    2 charged with skid-steer joyride on I-89

    Monday, September 1 2014 10:15 PM EDT2014-09-02 02:15:25 GMT
    The theft of some construction vehicles caused chaos on the Interstate this weekend.
    The theft of some construction vehicles caused chaos on the Interstate this weekend.
  • Bike racers wrap up weekend events

    Bike racers wrap up weekend events

    Monday, September 1 2014 9:59 PM EDT2014-09-02 01:59:03 GMT
    The Green Mountain Stage Race took to the streets of Burlington Monday.
    The Green Mountain Stage Race took to the streets of Burlington Monday.
  • Allergy sufferers brave ragweed season

    Allergy sufferers brave ragweed season

    Monday, September 1 2014 7:08 PM EDT2014-09-01 23:08:26 GMT
    If you're sneezing, your nose is running and you're eyes are itchy once again this year -- you're not alone. Fall pollen counts are peaking in our region and proving tough for allergy sufferers looking to enjoy the outdoors.Despite a spate of heat and humidity, the signs of fall are undeniable. Cooler temperatures and color are on the way. And even though many think of spring as "allergy season" due to tree pollens, this time of year can be particularly tough for allergy sufferers, too -- bec...
    If you're sneezing, your nose is running and you're eyes are itchy once again this year -- you're not alone. Fall pollen counts are peaking in our region and proving tough for allergy sufferers looking to enjoy the outdoors.Despite a spate of heat and humidity, the signs of fall are undeniable. Cooler temperatures and color are on the way. And even though many think of spring as "allergy season" due to tree pollens, this time of year can be particularly tough for allergy sufferers, too -- bec...
  • Holiday drivers find lower prices at the pump

    Holiday drivers find lower prices at the pump

    Monday, September 1 2014 6:59 PM EDT2014-09-01 22:59:21 GMT
    Drivers this holiday weekend found lower gas prices at the pump.
    Drivers this holiday weekend found lower gas prices at the pump.
  • Sanders addresses Labor Day rally

    Sanders addresses Labor Day rally

    Monday, September 1 2014 6:51 PM EDT2014-09-01 22:51:52 GMT
    Community members gathered in Burlington's Battery Park Monday to celebrate Labor Day -- and hear from Senator Bernie Sanders.Union leaders addressed the importance of employees supporting one another. They also thanked the community for supporting Vermont's unions. Senator Sanders says the holiday is for working people to not only celebrate their gains, but to also address issues facing the working class."There's a lot of work in front of us if we're going to make sure that our kids and our ...
    Community members gathered in Burlington's Battery Park Monday to celebrate Labor Day -- and hear from Senator Bernie Sanders.Union leaders addressed the importance of employees supporting one another. They also thanked the community for supporting Vermont's unions. Senator Sanders says the holiday is for working people to not only celebrate their gains, but to also address issues facing the working class."There's a lot of work in front of us if we're going to make sure that our kids and our ...
  • Authorities seize animals from Santa's Land

    Authorities seize animals from Santa's Land

    Monday, September 1 2014 4:32 PM EDT2014-09-01 20:32:03 GMT
    The Windham County Sheriffs Department says it seized multiple animals from the theme park this weekend.
    The Windham County Sheriffs Department says it seized multiple animals from the theme park this weekend.
  • Body discovered in Massena

    Body discovered in Massena

    Monday, September 1 2014 4:02 PM EDT2014-09-01 20:02:43 GMT
    New York State Police are investigating an unidentified body found in Massena.
    New York State Police are investigating an unidentified body found in Massena.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.