Beacon Hill lawmakers unveiled a sweeping $3.7 billion spending bill, but decided to put off talk for now about permanent tax cuts that they had flirted with earlier in the year:
“The relief will be coming. Obviously we're committed to taking a look at permanent tax cuts next year when we have a better picture of what the economy looks like,” Dempocratic House Speaker Ronald Mariano told reporters.
“We face a bit of an uncertain economic future and we want to be sure that what we do is smart and well thought out,” he added. The decision doesn't effect the approximately $3 billion in checks that have already begun going out to taxpayers under a 1986 law designed to place a limit state tax revenue growth and return any excess to taxpayers.
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