BOISE, Idaho (AP) — Idaho Gov. Brad Little is promising more tax cuts after state budget officials announced Tuesday that April tax receipts nearly doubled from what was planned.
The Republican governor, in a statement, attributed the $1.2 billion in April tax revenue to conservative principles.
“Idaho’s record economy is no accident,” he said. “The continued strength of Idaho businesses and the health of our state budget demonstrate our conservative approach to governance of the works.”
April’s receipts include about $700 million in income tax and $300 million in corporate income tax. Officials said Idaho could have a $1.3 billion surplus when the current fiscal year ends June 30.
Earlier this year, the law enacted a record $600 million income tax cut, which includes one-time rebates of $350 million and permanent income tax cuts of $250 million. millions of dollars for individuals and businesses.
“To the people of Idaho, I tell you this – we’ve achieved historic tax cuts for you over the past few years, and we’re not done yet,” he said. “Our Conservative principles mean more tax cuts are coming.”
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Opponents of the tax cuts earlier this year said they mainly benefited the wealthy at the expense of essential government services such as education.
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