Republican gubernatorial contender John P. McKinney unveiled a plan Thursday to exempt all households earning less than $75,000 per year from the state income tax. But the proposal hinges on several controversial elements, including repeal of a tax credit that saves working poor families almost $120 million per year.
2014 Republican gubernatorial primary
Posted inMoney, Politics
McKinney-Walker promise income tax cut in new commercials
With just two weeks left before the Republican primary, gubernatorial contender John P. McKinney unveiled new ads Tuesday that promise a middle-class income tax cut as the centerpiece of a new state budget-balancing plan.