A billion dollars. That’s a lot of money.
That’s Gov. Rick Scott’s goal for cutting taxes in 2016. But with each passing day, it looks more obvious that Scott is headed for defeat because the Legislature is not sold on the idea.
It all comes down to one word: recurring.
Simply put, Scott wants most of $1 billion in tax relief to be recurring, or permanent, as in forever. That would take that tax money out of the treasury for good, because future lawmakers could not repeal a tax cut without being accused of raising taxes, and that’s not going to happen.