Originally published at James Madison Institute.
Florida is an economic leader because it has produced pro-growth policies of lower government spending, taxes, and regulations for years. This strong institutional framework must continue.
A new report, “Reducing the Burden of Sales Taxes in Florida,” authored by The James Madison Institute (JMI) Senior Vice President Sal Nuzzo and JMI Senior Fellow Vance Ginn, Ph.D., outlines recommendations for ways in which Florida lawmakers can reduce the government burden on citizens and businesses.
“Florida continues to be the best place to start and grow a business. That requires us to continually examine ways to make it more attractive as states become more and more competitive. One way our policymakers and governor can do this is by addressing the sales tax allowance, which currently places us at a competitive disadvantage when looking at other states, especially within our region. By making this allowance more reflective of how much compliance truly costs, we can ensure that the principles of limited government and economic liberty advance.” — Sal Nuzzo, Senior Vice President, The James Madison Institute
“Florida has been a key model for the country with a sound approach to conservative fiscal policy. This includes the commitment to a conservative state budget, no personal income tax, minimal corporate welfare, and sensible regulation. To retain the title of “Free State of Florida” and provide more opportunities that let people prosper, policymakers should continue championing policies that spend, tax, and regulate less so families and entrepreneurs can reach their full potential. Reducing the burden of collecting sales taxes on entrepreneurs by at least doubling the sales tax allowance and streamlining the collection process to reduce compliance costs will help achieve this goal while providing lower prices to families.” — Vance Ginn, Ph.D., Senior Fellow, The James Madison Institute
Vance Ginn, Ph.D.