Tag: Taxes

CPA, Readers Hail Georgia Tax Reform Plan

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,  a member of the tax leadership team at Ronald Blue & Co. CPAs… View Article

Tax Reform A Needed Boost for Georgia’s Economy

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 of 10 percent from the current top rate of 6 percent). Personal and… View Article

Friday Facts: March 11, 2016

It’s Friday!  Then and Now: In 1991, the year the Georgia Public Policy Foundation was established, there were no charter schools in Georgia. The public charter school law was signed in 1994 and the state’s first three charter schools opened in 1995. Today, according to the Georgia Department of Education, Georgia has 110 charter schools, including are 80 start-up charter schools and 30 conversion charter schools, as well as 14 charter systems in Georgia that include 107 schools.  Quotes of Note  “Instead of car-free cities, we are on the threshold of another mobility revolution that will make cars more common than ever: the self-driving car. Among other things, self-driving cars will change where we live and almost completely… View Article
The Foundation for Excellence in Education distributed this news release today. FOR IMMEDIATE RELEASE: March 10, 2016 Contact: 850.391.4090/PressShop@ExcelinEd.org GEORGIA: AT THE INTERSECTION OF EDUCATION AND AGING Research Report by ExcelinEd Highlights How Demographic Changes Will Challenge Georgia’s Public Education System Today, at the Georgia Public Policy Foundation, Dr. Matthew Ladner of the Foundation for Excellence in Education released original research on the demographic challenges facing Georgia’s education budget, entitled “At the Intersection of Education and Aging: Baby Boomer Retirement, Student Enrollment Growth and the Future of Georgia Education.” The analysis contains both research on the demographic challenges facing Georgia and strategies for substantially improving the academic quality of the state’s K-12 schools at a price taxpayers can afford.… 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
Foundation president Kelly McCutchen was quoted in an article in the March 4-10, 2016 edition of the Atlanta Business Chronicle by Dave Williams, “Income tax cut moving through General Assembly.”  The article is reprinted below and can be accessed online at http://www.bizjournals.com/atlanta/print-edition/2016/03/04/income-tax-cut-moving-through-general-assembly.html. (Subscription required.) Income tax cut moving through General Assembly By Dave Williams Georgians may get a chance to vote this fall to reduce state income taxes for the first time since the 1930s. The Georgia Senate passed a constitutional amendment Feb. 29 that would roll back the state income tax subject to certain budgetary triggers. If it gets through the state House of Representatives, voters would decide the measure on the November statewide ballot. A separate bill… View Article

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

Friday Facts: February 26, 2016

It’s Friday!  Honors: The Georgia Public Policy Foundation was honored with a Senate Resolution Tuesday to mark 25 years of serving Georgia with ideas for limited-government, free-market solutions and promoting “policy over politics.” Accepting the honor in the Senate chamber on behalf of the Foundation were two former presidents of the Foundation, Griff Doyle (1993-97) and T. Rogers Wade (1997-2010), who is also Board Chairman; current President Kelly McCutchen (2011-present) and Vice President Benita Dodd (2003-present). View the video here.  Then and now: In 1991, the year the Georgia Public Policy Foundation was established, the average cost of a gallon of regular gas was $1.14 – $1.98 in today’s dollars. This week, the cost is $1.49 at View Article

The Dangers of Municipal Broadband

The Franklin Center for Government and Public Integrity published this roundup on February 17, 2016, of municipal broadband project initiatives around the nation. Find the article online at  http://franklincenterhq.org/12493/watchdog-government-broadband. The Internet of tax dollars: Watchdog covers the dangers of municipal broadband By As the economy continues its full-throttle transition into the digital age, government-run Internet projects have become all the rage among lawmakers in statehouses, counties, and cities. Bolstered [1] by a Federal Communications Commission ruling last year that struck down laws preventing local governments from building out and competing with other broadband networks, these “municipal broadband” projects lead governments to sink tens – if not hundreds – of millions of dollars into Internet infrastructure. Much of these… 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

Thank you for the great work that the Public Policy Foundation is doing across our state setting a wonderful example. I first ran for the Senate in 1994, and the Foundation was that resource I called upon to be a great help to me as we were articulating positions and formulating public policy initiatives. We appreciate very much your leadership and all that you stand for.

Lt. Gov. Casey Cagle more quotes