Twin income tax cut proposals that promise a big tax break for wealthy Georgians and little for everyone else are careening toward legislative approval this month. If enacted, House Bill 238 and Senate Resolution 756 will stymie Georgia’s investment in quality public schools, hospitals, services for children and seniors, and more for years to come.
Get the Facts
This proposed tax cut package would deliver the biggest benefit to the wealthiest of Georgians, while threatening funding for our schools, communities and more.
- HB 238 bill analysis: Slashing income tax delivers meager benefit to most, jeopardizes public services. A short one-page fact sheet summary is also available.
- SR 756 fact sheet: Locking tax cuts into the constitution threatens Georgia’s ability to remain attractive for families and businesses.
- Fact sheet: Income tax cuts not proven to boost economy.
- Tax Facts resources: More Georgia-specific data on income taxes and revenue.
- Risk to Georgia’s bond rating: Former state auditor warns of AAA bond rating downgrade if tax package becomes law
Get Engaged
The proposed tax cut package could drain hundreds of millions of dollars annually from Georgia’s treasury, threatening vital state investment in public schools, universities and more. It hands a big tax break to a small sliver of wealthy Georgians while providing only a few extra dollars a month to hardworking middle class families. All members of the Georgia General Assembly can vote to decide if these proposals advance.
- Download key message points. These tax cut proposals raise a range of concerns for a diverse cross-section of Georgians from individuals, to families, schools, businesses, social and community service providers and local governments. Download messaging guide.
- Stay informed. Follow GBPI on Twitter, like us on Facebook or sign up for our newsletter.
- Be a messenger. Use these graphics on social media to help spread the word and the facts behind these proposals.
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1 thought on “Tax cut proposal to benefit wealthiest Georgians, jeopardize funding for schools, roads and more”
The Macon Telegraph
This is Viewpoints for Thursday, Nov. 13, 2014
Shift in taxes
Did anyone see Randall Savage’s interview with State Rep. Allen Peake on WMAZ? They discussed a number of issues. The one issue that caught my attention was abolishing the state income tax. Abolishing the state income tax might sound great. But as Rep. Peake acknowledged, the lost revenue would have to be offset by raising user fees.
Under the Perdue-Deal administrations, they have given away millions in corporate welfare (tax breaks) to corporations. In turn, local city and county governments have raised sales taxes and property taxes to offset the loss.
What they are not telling you is that senior citizens on fixed incomes would be paying, percentage wise, a higher rate than say Mitt Romney. Likewise, low income wage earners would also be paying more in taxes or service fees.
— Ronald L. Cain