Immense Number of Tax Proposals in Discussion
During a time of great uncertainty, we need to value the economy. Given the economic conditions already facing the Vermont business community, an outpouring of new taxes would threaten the economic sustainability of our communities. A month into the session, the following taxes are all being discussed by the legislature:
- A payroll tax for childcare
- A payroll tax for healthcare
- A payroll tax for paid family and medical leave
- A cloud tax
- Changing the property tax for education funding to an income-based tax
- A fee bill
We can’t talk about issues like the housing or childcare shortages without talking about the economic conditions that caused and are exacerbating these issues. Understanding regulatory barriers, the workforce crisis, our demographic challenges, and costs that add pressures on businesses must be part of a balanced policy conversation.
