Tag: Tax Foundation

Friday Facts: June 3, 2016

It’s Friday! Events  Monday, June 6: “The Politics of School Choice” is a Leadership Breakfast keynoted by national education expert Jay Greene and sponsored by the Georgia Public Policy Foundation and the Education Economics Center at Kennesaw State University. 7:30 a.m., Room 278, Burruss Building, Kennesaw State University. Parking available in the visitors’ lot. $20 includes event and Chick-fil-A breakfast. Register online here.  Also on June 6, Dr. Greene’s 9:30-10:45 a.m. lecture, “The Foolishness of Trying to Regulate Our Way to School Improvement,” is open to the public. Burruss Building, Room 151. Then and Now: In 1991, when the Georgia Public Policy Foundation was established, 358,333 Georgians were on welfare (AFDC), compared… View Article

CPA, Readers Hail Georgia Tax Reform Plan

The Senate voted along party lines March 16 on tax reform for Georgia. The Foundation has received numerous compliments after Kelly McCutchen’s March 18 commentary about the state tax reform legislation that passed the Senate March 16. One comment came from CPA Jeff Kellar: With Florida and Tennessee not having an individual income tax, and Alabama’s rate of 5 percent, Georgia should continue to move in a more competitive direction.  One additional measure the state could employ to assist and encourage small business, would be to eliminate the Net Worth Tax on small business corporations. (Tennessee imposes a “Hall” tax on certain interest and dividend income). Georgia’s legislation, HB 238, would in fact eliminate the Net Worth Tax.   Kellar,  … View Article

Tax Reform A Needed Boost for Georgia’s Economy

The Senate voted along party lines March 16 on tax reform for Georgia. By Kelly McCutchen The Georgia Senate deserves a hearty congratulations for approving a pro-growth tax reform Wednesday (March 16) that would reduce Georgia’s marginal personal income tax rate for the first time since it was implemented in 1937. To be the best place to do business in the nation, Georgia needs a more competitive tax code. In the Southeast, only South Carolina’s top income tax rate of 7 percent is higher; nationally, 28 states have lower marginal rates. The proposed income tax changes can be explained in less than a minute. Georgia’s six tax brackets would be collapsed into one tax bracket of 5.4 percent (a reduction… View Article
As Georgia legislators consider tax reform legislation, consider what happened in Kansas.  Writing in Investor’s Business Daily on February 1, 2016, Arthur Laffer and Stephen Moore note, in particular, “sales tax revenues appear to be the prime culprit of revenue shortfall—hardly something caused by an income tax cut.” The article is printed below; access it online here (subscription required): http://www.investors.com/politics/brain-trust/laffer-and-moore-sweet-supply-side-revenge-for-tax-cutters-in-kansas/. By Arthur B. Laffer and Stephen Moore Few states have swirled in more controversy over its tax and budget policies of late as much as Kansas. Liberals have denounced the state’s tax cutting and free market reforms as a debacle that all states should avoid repeating. But we’ve been involved with the Kansas fiscal reforms from the start and… View Article

Friday Facts: April 10, 2015

It’s Friday! Quotes of Note “The professional licensing industry is filled with much more intrigue than one may assume. Regulation is often the product of a chummy relationship between elected officials and those in business who want to cut down on their competition to maximize profits. Every year, parades of people representing a variety of vocations travel to state capitols across the nation asking for their fields to be licensed and regulated.” – Scott Reeder “[W]e have a criminal-justice system with too many opportunities for generating defendants, too few inhibitions on prosecutors, and ongoing corrosion of the rule and morality of law. Congress, the ultimate cause of all this, has work to undo.” – George Will “America is a… View Article

Friday Facts: April 3, 2015

It’s Friday! Quotes of Note “There is a rank due to the United States, among nations, which will be withheld, if not absolutely lost, by the reputation of weakness. If we desire to avoid insult, we must be able to repel it; if we desire to secure peace, one of the most powerful instruments of our rising prosperity, it must be known that we are at all times ready for war.” – George Washington “He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me.” – Thomas Jefferson “Our freedom of choice in a competitive society rests on the fact that, if one person refuses… View Article

Friday Facts: November 14, 2014

It’s Friday! Quotes of Note “Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government – in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.” – Milton Friedman “The problem with government regulation of the Internet is that by the time the government studies how it works and what is needed, technology has moved on.” – Jeffrey Dorfman Technology Foundation out and about: Benita Dodd, vice president of the… View Article
LIZ MALM Georgia’s personal state income tax rate at 6 percent is now the highest in the Southeastern United States.  Is that a competitive disadvantage when Florida and Tennessee collect no personal income taxes and every other state that surrounds Georgia is also lower? What are the proper roles for personal, corporate and sales taxes in a state economy?  How to keep Georgia’s economy competitive in the taxes environment was a focus at the fifth annual Georgia Legislative Policy Forum. Tax Foundation economist Liz Malm said sales of goods are decreasing as a percentage of Georgia’s overall economy and sales of services are increasing.  Georgia, however, has not adjusted its taxation strategies to acknowledge this change in the state’s economy. … View Article

Friday Facts: September 12, 2014

It’s Friday!  Last chance to reserve your seat! It’s just one week to the 2014 Georgia Legislative Policy Forum, which takes place Friday, September 19. Keynote speakers are Herman Cain and Clint Bolick, and sessions on tax, education and health care reform in Georgia feature state and national experts. The theme is “Tearing Down Walls,” in recognition of the Fall of the Berlin Wall 25 years ago, with a special segment marking the anniversary. Find out about this “opening act to the legislative session” and register at www.georgiapolicy.org/?p=3264. It was our pleasure: Our condolences to the family, friends and employees of Chick-fil-A owner S. Truett Cathy, who died this week at age 93. In… View Article
For more information on the Georgia Legislative Policy Forum and to register, click here or copy this link http://bit.ly/1oJq9vN and paste in your browser window. By Benita M. Dodd BENITA DODD For the fifth year in a row, the Georgia Public Policy Foundation and the Conservative Policy Leadership Institute will bring game-changing, market-oriented, limited-government reforms ideas to the state at the Georgia Legislative Policy Forum in Atlanta on September 19. The daylong Forum, which had an attendance in 2013 of about 250 Georgians – legislators, legislative staff, grassroots activists, policy-makers and interested citizens – has been described as “the opening act of the General Assembly.” For the past four years, the theme was, “Wisdom, Justice and Innovation,” a… View Article

…One of the best things about the Georgia Public Policy Foundation is that it has such a broad membership base.

Dr. Wendy L. Gramm, Former Chairwoman of the Commodity Futures Trading Commission more quotes