DeSantis lauds Florida's fiscal state, but libertarian Cato Institute not as impressed

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DeSantis lauds Florida's fiscal state, but libertarian Cato Institute not as impressed
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The group did give Florida's governor a thumbs-up for what it said was 'lean' spending in state budgets.

Curiously, though, Cato gave the governor a thumbs-up for what it said was"lean" spending in state budgets.

The Cato analysis, however, glossed over the fact that DeSantis has presided over record high spending in Florida, expenditures that were made possible by Biden administration and congressional Democrats' largesseOn Thursday, U.S. Rep. Lois Frankel, D-West Palm Beach, again said the governor should share the credit.

Nonetheless, Cato noted the governor backed a"temporary reduction in the corporate tax rate," plus signed a bill"to avoid business tax increases related to changes in the federal Tax Cuts and Jobs Act." "Florida is the only state to impose such a commercial rent tax, so this is a good reform," Cato wrote.

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