Gillum Wants 40% Corporate Tax Rate Hike - Americans for Tax Reform

–Gillum tax hike would give Florida the highest corporate tax in the region–

Bernie Sanders-backed candidate Andrew Gillum has won the Democrat nomination for the governorship of Florida. Taxpayers beware: Gillum wants to impose a massive tax increase on Floridians, starting with a corporate tax rate hike of over 40 percent.

As reported by the Tampa Bay Times:

Gillum said if elected, he would increase Florida’s corporate tax rate to 7.75 percent, up from the current 5.5 percent.

That’s a 40.9% increase — a tax hike of over a billion dollars.

Gillum’s tax hike to 7.75% will give Florida the highest corporate tax rate in the region — higher than Georgia, South Carolina, North Carolina, Tennessee, Alabama, and Mississippi.

The state corporate rates are as follows:

North Carolina 3.0% (Note: NC’s rate is dropping down to 2.5% in Jan. 2019)

South Carolina 5.0%

Mississippi 5.0%

Georgia 6.0%

Tennessee 6.5%

Alabama 6.5%

GILLUM TAX HIKE 7.75%

The Republican nominee for governor, Ron DeSantis, has made a firm written commitment to Floridians that he will oppose and veto any tax hike.

Game on.