Low Income Insurance Plans Florida

FL To Cut Medicaid, Corporate Taxes

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EUSTIS, FLA. - In his first budget proposal, Gov. Rick Scott (R) called Monday for cutting more than $5 billion from state spending while also slashing taxes.

Much of the savings - nearly $4 billion over two years - would come through overhauling Medicaid, the health insurance program for poor people. Scott, a former health-care executive, also called for saving $2.8 billion over two years by revamping Florida's state pension system.

And he proposed cutting taxes by more than $4 billion over two years. This would include a roll-back of corporate income taxes from 5 percent to 3.5 percent and reductions in property taxes.

Florida faces a deficit of nearly $4 billion.

Scott was elected in November with help from the tea party movement, which advocates smaller government, and he unveiled his budget to about 1,000 tea party activists in Eustis, about 200 miles from Tallahassee, where the state legislature will vote on his proposed budget.

Critics of Scott's budget plan said it would cut nearly 9,000 positions from state payrolls and slash billions of dollars from spending on education.

To Read More Click Here: http://www.washingtonpost.com/wp-dyn/content/article/2011/02/07/AR20110207066...

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