Senate Resolution 756 threatens to undermine Georgia’s ability to remain an attractive state for families and businesses. Passing the amendment creates a rigid formula in Georgia’s constitution that inflicts a series of never-ending automatic revenue cuts based on arbitrary targets. This
Tag: Income Tax
It’s an election year, and that means lawmakers probably can’t end the 2016 session without some kind of tax cut, or at least a last-minute debate on one. (Subscription) Read more.
Republican legislative leaders feel they have a surefire way to stimulate job creation: tax reform. Read more.
Earlier this month, an Atlanta-based Libertarian organization released a paper touting the deep and lasting income tax cuts that Oklahoma enacted in the mid-2000s. To reach a conclusion that the cuts have been beneficial, the report employs faulty methods and
FOR IMMEDIATE RELEASE ATLANTA (April 4, 2012) – While most other states exempt working-poor families from the income tax, Georgia is one of a small number of states that continue to levy an income tax on working families living in
Guest Blogger: Matthew Gardner | Reality Check: “High Rate” Income Tax States are Outperforming No-Tax States
The Institute on Taxation and Economic Policy (ITEP) recently released a report that destroys the myth that states without an income tax perform better economically than the states with high income tax rates. ITEP’s Executive Director Matthew Gardner is our
Georgia is one of a few states that allows a deduction for state income taxes for filers who itemize. Repealing it would bring in an estimated $450 million, which in K-12 education alone, could have prevented the six furlough days
Using a more balanced approach to budgeting would reduce the cuts, such as budgeting additional revenues through increasing the cigarette tax,enacting a new top income tax rate, improving tax collections, suspending or ending tax breaks, increasing fees, and closing corporate