Tax cut proposals near debate as new revenue estimates released
Some lawmakers wary about what inflation, federal spending mean for long-term budgets
Lawmakers on the Joint Appropriations Committee got revised revenue estimates on Tuesday, and if you suffer from arithmophobia – a fear of numbers – that committee was no place to be.
The final revenue estimates for next year are one of the most important components of any legislative session. But they are even more important this year, as competing proposals to cut taxes are waiting in the wings.
“This is a big day for us,” said committee Chairwoman Jean Hunhoff, R-Yankton.
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