Is the General Assembly About to Kill Light Rail?
Jeffrey C. Billman
May 29, 2018 at 7:07AM
The budget adjustment Republicans in the General Assembly crafted behind closed doors, unveiled last night, and are expected to pass by a veto-proof supermajority later this week—for the first time in modern history, without an opportunity for lawmakers to offer amendments, because democracy is for suckers—does a lot of things. It keeps the tax cuts coming, lowering the personal income-tax rate to 5.25 percent (from 5.499 percent), cutting the corporate tax rate from 3 percent to 2.5 percent, and throwing a ton of incentive money at major new economic projects (cough Apple cough).