State lawmakers have seldom seen a tax cut they didn’t vote for, but legislators will be asked during the 2020 session to approve a reduction in the top income tax rate that a new report from GBPI’s Danny Kanso says will do very little for most Georgians.
The cut would be the second one in two years: lawmakers voted last year to reduce the top rate from 6% to 5.75%. In the same legislation, it set up the 2020 vote.
“If you were to enact this second phase of tax cuts, the median taxpayer would get about $42,” said Kanso.
