Tuesday's Daily Pulse
What you need to know about Florida today
The federal government is proposing that Florida cut its carbon dioxide emissions from power plants by 38 percent by the year 2030. The U.S. Environmental Protection Agency announced specific targets for all states Monday as part of the Obama administration's effort to reduce carbon dioxide emissions nationwide. More from the AP and the Fort Myers News-Press.
Wealth and people are moving in America, from places where local policies inhibit economic growth to places where the tax and regulatory climate is sunnier. The numbers are clear. Between 1995 and 2010 over $2 trillion in adjusted gross income moved between the states. More from Deseret News and the National Review.
Gas prices in the Southeast dropped a little over the past week, and AAA is predicting they’ll drop farther during the summer. The average price for a gallon of regular gas declined 2 cents to $3.60 in Florida and 3 cents to $3.59 in Georgia, AAA reported. Nationally, though, it rose 1 cent to $3.67 .[Source: Florida Times-Union]
Orlando, Lakeland, Tampa, and Palm Bay had the highest rates of short sales in the nation, according to the research firm RealtyTrac. The rates for those metro areas ranged from almost 15 percent to more than 13 percent of all home sales. [Source: AP]
WalletHub just released the 2014 Tax Fairness Survey which assesses opinions on tax code complexity, income tax structure, and the fairness of taxes on everything from investment income and corporations to alcohol and tobacco. Full story.
ALSO AROUND FLORIDA:
› Entrepreneur says local regulations make it tough to do business
Local regulations are frustrating business owners, costing time and money. Florida’s pro-business climate promises to streamline the process of doing business in the Sunshine State, but local governments continue to pile on the red tape.
› Video games are a big part of film incentive outlook
Filming in Florida produces jobs and economic impact, but incentives for the industry have dried up recently. Here’s a fact that gets left out of the incentive debate sometimes: Video games have gotten a lot of money.
› Tax repeal expected to boost regional manufacturers
Manufacturers in Southwest Florida expect to save tens of thousands of dollars annually from the repeal of a sales tax that economic development officials contend has long put the state at a competitive disadvantage.
› Florida companies make Fortune 500 list
Officially, 16 Florida-based companies made the just-released Fortune 500 list of largest U.S. companies based on 2013 revenue. But the real number should be 17 because rental car giant Hertz is relocating its headquarters from New Jersey to tiny Estero, near Naples.
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