Frank Russo Adjusts Tax Proposal to Better Target Wealthier Businesses in Florida
Florida gubernatorial candidate Frank Russo has revised his tax relief plan, increasing the revenue threshold for an additional consumption tax from $1 million to $3 million. The change aims to ensure that only the state's wealthiest businesses are subject to the higher rate of 15 percent on spending above this level. Russo emphasized that the adjustment was made after listening to feedback from small business owners and residents, ensuring his proposal protects working families while addressing rising costs for homeowners. Russo stated that revenue generated under the updated plan would be placed in a constitutionally protected public trust aimed at supporting Florida communities and easing financial pressure on essential local services. He also linked the tax reform to broader concerns about property-tax relief not undermining critical community resources like police and fire departments, calling for balanced solutions. Russo's campaign highlights affordability as its central theme, aiming to unite Floridians across political lines around shared economic challenges such as housing costs, insurance rates, and groceries. He is positioning himself as a leader who listens before acting.
Topics: Florida politics public trust small business tax reform