Florida Republicans are proposing legislation that would break from all the federal corporate tax breaks in President Donald Trump’s signature tax law enacted last year.
The bills, introduced this week, are a remarkable move in the president’s adopted home state to decouple from business-friendly provisions at a time such state tax code decisions are facing political backlash from Trump and his allies. The criticism has targeted Democratic-led states, most recently with congressional Republicans seeking to repeal a Washington, DC, law to detach the capital city from business and individual income provisions. ...