What are the key priorities for Senate Democrats during this legislation session? One will almost certainly be a debate over Governor Jim Douglas’s plan to eliminate the state’s capital gains tax exemption to finance an income tax cut for all Vermonters:
The governor made it clear that he’ll oppose any effort to use money from his tax plan to balance the state budget instead of using it for a tax cut. Will this issue develop into a major fight between the Governor and the Democrats at a time when state revenues are projected to slump? Senate President Peter Shumlin spoke with VPR’s Bob Kinzel about this and other topics.