The James Madison Institute (JMI) has released a new policy brief titled "Reducing the Burden of Sales Taxes in Florida." The report, authored by JMI Senior Vice President Sal Nuzzo and JMI Senior Fellow Vance Ginn, Ph.D., provides recommendations for reducing the governmental burden on citizens and businesses in Florida.
"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," said Nuzzo. "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."
Ginn added, "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."
The full report is available for reading under the title "Reducing the Burden of Sales Taxes in Florida."