The main sponsor of the so-called “Fair Tax Amendment” says he has the votes in the Senate to pass his plan for a graduated income tax.
But state senator Don Harmon acknowledges that the amendment’s fate is far less certain in the House… with less than three days to go to beat the deadline for putting the amendment on the ballot this year.
Harmon’s plan would raise income taxes from the current flat five-percent rate to 6.9% for those making over $180,000 a year. For everyone else, Harmon says they would pay less in income taxes than they do now. But opponents respond that most people will pay more than they’re scheduled to pay after the state’s temporary income tax hike expires next year.
The Senate will vote on the plan Tuesday… and then it must also clear the House no later than Thursday.