Some state lawmakers and interest groups are developing proposals designed to drastically cut or eliminate Georgia’s income tax and replace the lost revenue with a higher sales tax. Occasionally known by misnomers such as the “fair tax,” these plans are best understood as proposing what’s called a “tax shift.” By swapping income taxes for sales taxes, they raise taxes on low- and middle-income families, drop them for wealthy households and large corporations and make up the difference through deep cuts to state services.
Similar plans have recently been proposed or enacted in several states, such as North Carolina and Louisiana, and signs suggest they could be coming to Georgia next. GBPI’s policy conference will provide lawmakers, researchers, advocates and interested citizens with deeper insight into why tax shift proposals would seriously harm Georgia’s families, businesses, communities and economy.
- Michael Leachman, Director of State Fiscal Research, Center on Budget & Policy Priorities
- Alexandra Sirota, Director, North Carolina Tax and Budget Center, NC
- Meg Wiehe, State Tax Policy Director, ITEP, Washington D.C.