* On Wednesday, I wondered aloud if the story about Speaker Chris Welch’s comments on another graduated income tax vote were “actually anything beyond some public spitballing during a webcast.”
* Well, Speaker Welch did another event today, and Greg Hinz was the moderator…
At the top of my list as moderator was asking Welch how serious he was when he suggested during an interview earlier in the week with the Economic Club that officials take another run at enacting a graduated income-tax amendment, one that would dedicate much of the proceeds to paying off $144 billion in state pension debt.
Welch described that as “spitballing,” saying he only was talking about what might happen “if” the subject returned again. Welch said the General Assembly will “probably not” revive the issue this spring, in time for a new referendum in 2022. But he also described the state’s current tax code as “unfair to working families,” a suggestion he’d still like to see some change.
* The Question: How do you think Speaker Welch is doing so far? Make sure to explain your answer.