An economic impact study conducted by Florida Tax Watch, a nonpartisan and not for profit group that has long been the state’s most respected watchdog of tax use, has concluded that Amendment 4, if it were to pass in November, would “create jobs and spur economic growth.”
The study makes several interesting claims regarding the economic benefit for Florida families and businesses.
Florida Tax Watch predicts, based on the 10 years following the bill’s implementation, that Florida will see a jobs increase just short of 20,000 (private, non-farm). Additionally, if Amendment 4 were to pass, Florida’s GDP would rise by $1.1 billion, and personal income would increase by $5.3 billion.
Obviously, these numbers are quite significant. Amendment 4 will have a major impact on Florida taxpayers and businesses, and the state’s overall economic situation will dramatically improve.
Florida Tax Watch’ economic impact study was extensive, and assessed the results of Amendment 4 (on the general election ballot in November) for the years 2013-2022. It showed with certainty that Florida residents will benefit in both the short and long term due to a lessened tax burden and increased job creation.
We invite you to read a more exhaustive summary of the report, which includes a description of Amendment 4 and a more in depth look at the economic advantages of Amendment 4.