Florida Tax-Cut Plan Almost Erased by Medicaid Costs, Scott Says

Florida Governor Rick Scott said he has whittled down a corporate tax-relief plan compared with what he sought last year because of a ballooning deficit driven by health-care spending.

“Medicaid is growing way faster than we thought,” the former hospital executive said yesterday. “Reducing taxes, as you would expect, when you walk in with budget deficits, is harder than when you don’t have budget deficits.”