Democratic gubernatorial candidate Andrew Gillum offered a plan Friday to increase education funding by raising the state’s corporate income tax. Calling it the “Fair Share for Florida’s Future” plan, Gillum would increase the corporate-income tax rate from 5.5 percent to 7.75 percent.
He said it would generate more than $1 billion each year for teacher pay raises, school construction, early childhood education programs and vocational training. “Not only do we want a friendly environment for businesses to call home, but we also want to have an environment where they can be guaranteed a workforce that is prepared, that is ready, that is qualified,” Gillum, the Tallahassee mayor, said during a news conference at the Florida Press Center. Gillum said the tax hike would be more than offset by a tax-cut package passed by Congress and signed into law last month by President Donald Trump.
News Service of Florida
Floridians pay heavy school taxes already. We were told the lottery would fix that. It didn’t. Now you want more tax money for “the kids”. It’s just gonna prop up the teacher’s union even more. Go back to where you came from.