Tag: Taxes

Rate Cuts, Not Tax Cuts

By Jeffrey Dorfman Economists all agree that tax reform is pro-growth if it broadens the base (such as by eliminating deductions) while reducing marginal tax rates. There is less agreement on other aspects of the issue, such as which types of households should see tax cuts, whether a lower corporate rate would benefit workers or shareholders the most, and whether it would be a good idea for the government to bring in less tax revenue overall. Given all this, what type of tax reform should be our highest priority? In our current situation of low economic growth, the answer appears to be lower rates. Your marginal income-tax rate is the percentage you pay in taxes on your last (or next)… View Article

Friday Facts: September 22, 2017

It’s Friday!  Events: Early Bird Registration ends Monday! Register today for the 2017 Georgia Legislative Policy Forum; the Foundation’s daylong event on Friday, October 13 at the Renaissance Atlanta Waverly Hotel. The theme is “Wisdom, Justice, Transformation,” with a focus on transforming health care and education. The keynote speaker is Dr. Tim Huelskamp, three-term Congressman and new president of The Heartland Institute!  Early Bird Registration is $100 ($125 after September 25); register here. Details on sessions and speakers here  VIP opportunity:  Attend Health Connect South 2017 on September 28 at the Georgia Aquarium at no charge! In partnership with Georgia Public Policy Foundation, Health Connect South is pleased to offer 20 complimentary registrations to… View Article

Friday Facts: September 15, 2017

It’s Friday!  Foundation Vice President Benita Dodd met Dr. Tim Huelskamp, the new president of the Heartland Institute, at the 2017 State Policy Network annual conference in San Antonio, Texas. The former Congressman is the keynote speaker at the Georgia Legislative Policy Forum on October 13. (See Events for registration information) On a personal note: Thank you for continuing to use your checkbooks and your prayers for the benefit of those recovering from Hurricane Irma and its aftermath. Also, thanks to emergency responders and utility workers putting their lives on the line to restore Georgia. Finally, we’re grateful that Georgia Congressman Barry Loudermilk and his wife, Desiree, who were home to help with the Irma response, are safe after… View Article

Friday Facts: August 4, 2017

It’s Friday!  Quotes of note  “We got ObamaCare because Republicans didn’t take care of the health care problems we already had. Let’s not make the same mistake.” – Star Parker Politicians sure are generous with other people’s money.” – John Stossel  “Society in every state is a blessing, but government, even in its best state, is but a necessary evil; in its worst state an intolerable one; for when we suffer or are exposed to the same miseries by a government, which we might expect in a country without government, our calamity is heightened by reflecting that we furnish the means by which we suffer.” – Thomas Paine Transportation  Poor policy: Prioritizing needs in mass transit… View Article

Legislature 2017 Misses Many Opportunities

By Kelly McCutchen KELLY McCUTCHEN Last year, we wrote that the General Assembly is often, and appropriately, chided for passing last-minute bills with little debate or study. Once again this year, major legislation was crammed into the waning hours of the last day of the session. It was as ugly as the North Carolina-Gonzaga championship game. Several bills were hurriedly voted on after midnight; many legislators seemed more focused on tearing up papers for confetti in anticipation of Sine Die instead of studying the bills. Sadly, a major reform of adoption law, an income tax rate cut for Georgians and a minor expansion of school choice fell victim to the clock. Legislators wisely passed the 2018 budget before March 30,… View Article

AJC Publishes Op-Ed on Atlanta, MARTA TSPLOSTs

The Sunday edition of The Atlanta Journal-Constitution on April 2, 2017, published an op-ed by Foundation Vice President Benita Dodd on the new transportation special purpose local option sales taxes for MARTA and Atlanta. Her op-ed is published in its entirety below; the AJC link is here: http://www.myajc.com/news/opinion/opinion-look-future-not-past-gain-most-from-atl-splost/5h0CTF5gG9cK2ppp2ZRL4O/. OPINION: Look to future, not past, to gain most from ATL T-SPLOST By Benita Dodd April marks the full implementation of two transportation special-purpose local option sales taxes (TSPLOSTs) overwhelmingly passed by Atlanta voters in November 2016. A 0.4-cent, five-year Atlanta TSPLOST to raise $300 million has joined the 0.5-cent, 40-year TSPLOST begun in March to raise $2.6 billion for MARTA projects. The massive support is no surprise, given lofty campaign promises… View Article
House Ways and Means Tax Reform Subcommittee Wednesday, February 22, 2017 Testimony of Kelly McCutchen, President, Georgia Public Policy Foundation  I would like to focus on four positive aspects of HB 329. Pro-Growth: An almost universally held principle of good tax reform is the goal of broadening the tax base and lowering tax rates. This bill does both. Simplification: This bill simplifies the Georgia Tax Code by collapsing six tax brackets into one flat rate. Economic Competitiveness: Lowering Georgia’s top marginal tax rate to 5.4 percent moves Georgia’s rate below that of seven states, including our neighbor North Carolina, which recently reduced its top tax rate of 7.75 percent to a flat rate of 499 percent.… View Article

Friday Facts: February 17, 2017

It’s Friday!  Events  February 22: Register by MONDAY to join the Georgia Public Policy Foundation and the Institute for Justice for, “Bottleneckers,” Wednesday’s Leadership Breakfast and Book Forum with Dick Carpenter, co-author of, “Bottleneckers: Gaming the Government for Power and Private Profit.” Cobb County’s Georgian Club, 8 a.m. $30. C-SPAN BookTV will be recording this event. Information and registration here. March 23-24: The Heartland Institute hosts the 12th International Conference on Climate Change at the Grand Hyatt Hotel in Washington, D.C. The theme of the two-day conference is “Resetting U.S. Climate Policy.” Quotes of note “[U]nlike much of the Left, most conservatives handle despair like mature adults. Most obviously, we didn’t riot. In fact,… View Article

Friday Facts: December 2, 2016

It’s Friday!  Events  Did you attend our 25th Anniversary Celebration Dinner and Freedom Award on November 11? Click here to view photographs from the event!  December 8: The deadline is Tuesday to register for “Saving Our Students: Georgia’s Education Policy Options,” the Foundation’s Leadership Breakfast on December 8. The speakers are Erin Hames, former policy adviser to Gov. Nathan Deal, and outgoing Georgia State Rep. Mike Dudgeon, a member of the Georgia Education Reform Commission. Cobb County’s Georgian Club, 8 a.m. $30. Register here.  December 13: Limited government is not possible without a thriving private and nonprofit sector. Learn about social enterprise, impact investing and venture philanthropy at a free seminar hosted by HINRI, Cherry… View Article

Tough Choices on Tax Reform for Georgia

By Kelly McCutchen Tennessee just became the second state in U.S. history to eliminate its personal income tax. Florida and Texas do not have a personal income tax. With Georgia’s unsuccessful attempts over the last decade to shift to a more pro-growth tax structure by lowering its personal income tax, it’s worth asking the question: How do these states manage it? Do they spend less? Do other sources of revenue make up for lower income taxes? Or is it something unique that Georgia can’t duplicate? Georgia’s personal income tax brings in more than $8 billion a year, or $878 per capita. The challenge is to identify $878 per capita of spending cuts or other revenues to make up the difference.… View Article

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Dan Amos, CEO, AFLAC more quotes