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Lawmakers to Weigh Veto Override
Options
As Gov. Mitt Romney announced
$110 million in budget vetoes on the first floor of the State House, the
House and Senate met briefly on the third floor, quickly adjourning until
Tuesday and planning to spend at least a portion of the holiday weekend
reviewing which spending Romney had cut.
House and Senate leaders have
indicated that veto overrides are a top priority and the roll calls could
begin as soon as next week. House and Senate leaders made no public announcements
about their session plans when they adjourned Thursday morning, other
than announcing that Tuesday’s sessions would be informal ones.
A major piece of unfinished business is a bill that supporters say closes
corporate tax avoidance loopholes and which business leaders say is just
a plain tax hike on employers.
The Senate Ways and Means Committee
continues to review the $105 million House-approved bill. The new state
budget signed into law today is predicated on revenues attributed to that
bill, which may end up before a House-Senate conference committee and
which includes controversial language exempting certain taxpayers from
a 2002 capital gains tax increase. There’s a great deal of behind
the scenes lobbying occurring on this bill, which corporate leaders complain
is the third straight effort to extract more tax revenues from businesses.
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