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| Senate Committee Covers Education Budget |
| (Columbia-AP) -- Car buyers would pay
higher taxes under a plan approved by a Senate committee
today. The Senate Finance Committee says lifting the 300 dollar tax cap on car sales would generate about 93 million dollars to help pay for education. The plan would raise the tax cap to 25-hundred dollars. That mean anyone who buys a vehicle that costs 50,000 dollars or less would pay the state five percent sales tax. The committee also eliminated a tax break on manufacturing equipment, which would raise about 53 million dollars. Senators say the two changes would help cover payroll for most teachers who face losing their jobs because of budget cuts. Education officials estimate about 66-hundred teachers could be cut next year. |