Massive tax cut plan passes Idaho House of Representatives

Massive tax cut plan passes Idaho House of Representatives
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The largest tax cut in Idaho history, House Bill 463, passed Wednesday afternoon on straight party-lines with a 59-11 vote in the Idaho State House of Representatives.

House Minority members opposed the bill calling it reckless, ruinous fiscal policy and a $200 million train wreck.

If approved, the plan would reduce personal income and corporate tax rates and create a $130 Idaho child tax credit.

Proponents say the bill is designed to offset the increase in taxes Idaho families are expected to pay under the recently signed federal tax cuts.

The bill must now clear the Senate.