Tag: Tax Reform

AJC Quotes Kelly McCutchen on Tax Reform Proposal

The Atlanta Journal-Constitution quoted Foundation President Kelly McCutchen in the February 26 edition in an article about a tax cut proposal in the Legislature. The article is reprinted below; read it online at http://www.myajc.com/news/news/state-regional-govt-politics/its-an-election-year-tax-cut-proposals-advance-in-/nqYFP/ (Subscription required.) It’s an election year — tax-cut proposals advance in Georgia By James Salzer 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. And state Senate Finance Chairman Judson Hill, R-Marietta, has just the ticket for election-wary politicians. The Senate could vote as early as Monday on proposals from Hill. One, Senate Resolution 756, is a proposed constitutional amendment that would make a small reduction… View Article
NEWS RELEASE For Immediate Release February 17, 2016  Contact: Benita Dodd benitadodd@georgiapolicy.org or 404-256-4050 March 10 Event: ‘At the Inter$ection of Education and Aging’ Atlanta – Registration is open for, “At the Inter$ection of Education and Aging,” an 8 a.m. Leadership Breakfast hosted by the Georgia Public Policy Foundation on Thursday, March 10, 2016, at Cobb County’s Georgian Club. The speaker is Dr. Matt Ladner, Senior Advisor of Policy and Research for the Foundation for Excellence in Education. Ladner will unveil his original research and analysis on the demographic challenges facing state education budgets, including Georgia’s, and strategies for substantially improving the academic quality of the state’s K-12 schools at a price taxpayers can afford. Ladner has written… View Article

Analyzing the Latest Tax Reform Proposal

Senate Finance Committee Chairman Judson Hill recently introduced two tax reform bills. The first proposal would replace Georgia’s six tax brackets with one tax bracket of 5.4 percent (a reduction of 10 percent from the current top rate of 6 percent), increase personal and dependent exemptions by $2,000 each, and eliminate itemized deductions other than charitable deductions, medical expenses and up to $25,000 of mortgage interest. In addition, the corporate net worth tax is eliminated. [Update: Analysis of this bill by the Tax Foundation indicates it would improves Georgia’s ranking to 18th overall on the State Business Tax Climate Index, up from the current ranking of 39th.] The second bill, a proposed constitutional amendment, would reduce the personal… View Article
SENATE FINANCE SUB-COMMITTEE ON TAX REFORM MONDAY, NOVEMBER 9, 2015 Testimony of Kelly McCutchen, President of the Georgia Public Policy Foundation My remarks will focus on tax policy principles, analysis of two recent state tax reforms, myths associated with tax reform and suggestions for a way forward for Georgia. Tax revenue is necessary to fund core government functions. The goal of tax policy is to raise those necessary funds while minimizing the impact on economic decision making. Surprisingly, there is broad agreement from economists across the political spectrum on what constitutes good tax policy. This can be very simply stated as: 1) broadening the tax base and lowering rates, 2) not applying the sales tax to business inputs and 3)… View Article

Friday Facts: August 27, 2015

It’s Friday! Events September 16: Health Connect South 2015 takes place at the Georgia Aquarium. This amazing daylong program highlights health collaborations and innovations throughout the Southeast, with a special focus on the ebola response. Dr. Brenda Fitzgerald, Commissioner of Public Health and former Chairman of the Georgia Public Policy Foundation is a featured speaker. And Foundation members who register by August 31 get 20 percent off the registration fee with the promotion code GPPF_HCS02015. Register here. October 15: Early bird deadline! Just one week left to claim your Early Bird Discount for the Sixth Annual Georgia Legislative Policy Forum. The $100 rate expires Friday, September 4. Latest to joining the list of experts: John Goodman, known… View Article
This commentary is excerpted from testimony before the U.S. House Committee on Financial Services. By Todd Zywicki An animating premise of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) was the belief that a primary source of financial instability was an inadequate consumer financial protection regime at the federal level.  Dodd-Frank sought to address those perceived deficiencies by creating the Bureau of Consumer Financial Protection (CFPB) and vesting that new super-bureaucracy wielding an unprecedented combination of vast, vaguely defined substantive powers with no democratic accountability.  At the outset, allow me to stress that I personally agreed with the proposal to combine the administration of federal consumer financial protection laws under one agency’s roof. The preexisting system was too… View Article

Dodd-Frank’s Dire Legacy: Durbin Amendment

By Iain Murray This week was the fifth anniversary of the passage of the Wall Street Reform and Consumer Protection Act, better known as Dodd-Frank. As the Mercatus Center revealed this week, it may be the biggest law ever written, because it gives the administration so much discretionary power to make secondary law. It has harmed consumers by reducing choice in financial services and failed to solve the problems it was purported to solve, as I outline in my new paper, How Dodd Frank Harms Main Street. One of the worst examples of this stems from the Durbin Amendment, a last minute addition to the bill that gives the Federal Reserve the power to cap interchange fees charged… View Article

Health Care Proposal Improves With Age

By John R. Graham You’ve got to give credit to Congressman Tom Price, MD: He introduced his first post-ObamaCare bill as early as 2009 and has reintroduced an updated version in every Congress since then. The latest Empowering Patients First Act (H.R. 2300), introduced this month, is the fourth iteration. Many critics complain Republicans in Congress have taken too long to develop an alternative to Obamacare. However, President Obama is running the show until January 2017. It is responsible for Congressional Republicans to take all the time and space they need to develop their alternative for the next president’s consideration. A fully baked repeal and replacement bill today would serve no purpose, while doing nothing until a president committed to… View Article

Friday Facts: May 29, 2015

It’s Friday! Quotes of Note “There’s something that stinks to high heaven about a government racket in which businesses profit from government subsidies, and then turn around and employ lobbying organizations to lobby for more tax dollars.” – Stephen Moore “Transit today is, in almost all U.S. markets, slower than driving. People who depend on transit can reach fewer jobs than those who have automobiles available. Some people use transit by choice, for instance to save money (if they need to pay for parking), and the rest without choice. In my opinion, it is more important to spend scarce public dollars to improve options for those without choices than to improve the choices for those who already have alternatives.… View Article

Friday Facts: April 24, 2015

It’s Friday!  Social media: The Foundation’s Facebook page has 2,388 “likes.” Please share it to help us reach 2,400 “likes” in our 24th year in Georgia! Join us on twitter.com/gppf and share the Friday Facts! Quotes of Note “I own myself the friend to a very free system of commerce, and hold it as a truth, that commercial shackles are generally unjust, oppressive and impolitic.” – James Madison “There are currently 139 schools across Georgia that have received a failing grade from the state accountability system for at least three consecutive years. Too few of these students go on to higher education, too few attain job skills and too few get a high school diploma. Too often this leads… View Article

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