FOR IMMEDIATE RELEASE ATLANTA (May 11, 2011) – Georgia falls short in a number of areas when it comes to tracking and evaluating tax breaks, according to a national report released today by the Center on Budget and Policy Priorities,
As resources remain low and demands brought on by a growing population and a severe recession remain high, spending through the tax code must be evaluated and weighed against direct spending. Download the PDF.
Tax breaks are enacted each year and, once in the tax code, remain there without evaluation or scrutiny. These tax preferences shrink the tax base and many reduce fairness by shifting taxes onto other businesses and individuals who do not
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
The Georgia Budget & Policy Institute works to advance lasting solutions that expand economic opportunity and well-being for all Georgians.
Georgia Budget & Policy Institute
The Georgia Budget Primer is GBPI’s signature annual examination of state revenues and investments. It outlines Georgia’s budget changes, trends and impacts regarding taxes, education, health care, human services and criminal legal systems. This year we are taking special care to describe how federal funding contributes to Georgia’s budget.
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