Governor unveils compromise plan; legislative leaders cautiously comment

The compromise tax plan unveiled today takes the best parts of the Assembly GOP bill and the governor's original proposal, along with a new Commerce Tax (don't call it gross receipts!) to esnure all businesses contribute something to fund education.

The plan, which I have attached here along with the governor's and legislative leaders' comments, will need to get at least 11 GOP votes in the Assembly. Gubernatorial chief of staff Mike Willden said on "Ralston Live" he believes the votes are there, but he knew better than to count his Republican assemblymen before they've voted.

This new plan will frame the dicussion for the final two and a half weeks. It's a beautiful melding of politics -- get Assembly votes -- and policy -- it captures all businesses, uses the payroll tax and ensures out-of-state enterprises pay their fair share.