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Headline Roundup May 7th, 2022

DeSantis Signs $1.2 Billion Tax Relief Package to Combat Inflation

Summary from the AllSides News Team

Florida Gov. Ron DeSantis signed a $1.2 billion tax relief package into law on Friday that seeks to combat the rising cost of goods.

The bill, HB 7071, will enforce a one-year sales tax exemption on a wide array of items such as gasoline, tools for skilled trades and tickets to certain sporting events. Starting on July 1, Floridian families will benefit from a yearlong tax break on diapers, clothes and shoes for babies and young children. DeSantis announced a number of special tax holidays that will occur throughout the year, including "Freedom Week" in the first week of July, when the state will suspend sales taxes on recreational activities. The governor attributed rising prices to "Biden-flation headwinds" and blamed the administration's handling of the economy.

Right-rated outlets were more likely to frame DeSantis' tax relief package in a positive light. Insider (Lean Left bias) emphasized how "at least one portion" of the tax relief package is being paid for by the Democrat's American Rescue Plan, which "Republicans and even some outside analysts frequently blame the spending package for contributing to inflation." 

Featured Coverage of this Story

DeSantis Signs Historic $1.2 Billion Tax Relief Package That Benefits Families
DeSantis Signs Historic $1.2 Billion Tax Relief Package That Benefits Families

Courtesy of The Governor's Office

News

Gov. Ron DeSantis signed a $1.2 billion tax relief bill on May 6 to help Floridians—especially families with children—fight what he called “Biden-flation headwinds.”

“This is actually the largest tax relief in the history of the state of Florida,” DeSantis said in Ocala, dwarfed by a wall of disposable diapers and surrounded by families with small children. “The tax relief you’re going to see is breaks for really critical needs like gas, diapers, disaster supplies, tools for skilled trades, and recreational activities. Families are going to be able to save for...

Open on The Epoch Times
Florida Gov. DeSantis signs $1B tax cut bill
News

Floridians will save on items ranging from diapers and gasoline to auto racing tickets and energy efficient appliances under a $1 billion tax cut package signed into law by Republican Gov. Ron DeSantis on Friday.

The tax cut includes a one-year sales tax exemption on diapers and baby clothes, as well as a three-month exemption on children’s books. It also eliminates sales tax on tickets for the Daytona 500, any World Cup soccer matches and Formula One Grand Prix races.

DeSantis signed the bill in Ocala in front of a...

Open on Associated Press
Ron DeSantis signs $1.2 billion in tax breaks for Floridians to fight 'Bidenflation headwinds,' though Biden's stimulus will help pay for it
Ron DeSantis signs $1.2 billion in tax breaks for Floridians to fight 'Bidenflation headwinds,' though Biden's stimulus will help pay for it

Ronda Churchill/Getty Images

News

Floridians will get more than $1.2 billion in tax breaks on a slew of items from diapers to mobile homes thanks to a bill Republican Gov. Ron DeSantis signed into law on Friday. 

As he prepared to sign the bill at a Sam's Club in Ocala, Florida, DeSantis blamed President Joe Biden for the state's need to provide financial relief amid record-high inflation. He has also warned in recent weeks that the country may be heading into a recession. 

"We have done more than any other state to step up against Bidenflation headwinds, to give relief...

Open on Business Insider

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