The big tax shift is coming. We know it’s August and you’re probably not thinking a lot about Georgia tax policy right now. But trust us, it’s time to pay attention.
If conservative lawmakers get their way in the next Legislative session, then taxes may rise for four out of five Georgia taxpayers. The Georgia Budget and Policy Institute has crunched the numbers, released this report and determined that Georgia can’t afford a “seismic shift from income taxes to sales taxes.” Here’s why you need to pay close attention: the lawmakers presenting the changes are calling this a tax cut.
While it’s true that income tax would be drastically cut or abolished, the problem is that the burden of keeping the state running would shift to higher sales taxes. These proposals would raise taxes on most Georgia families, harm businesses and communities and critically undermine the state’s economy. Lower income taxes mean wealthier taxpayers and corporations pay less, while higher sales taxes mean middle- and low-income families pay more. But don’t take our word for it. Download and read the complete report from the Georgia Budget and Policy Institute: FREE two-page tax shift report. (PDF) Better Georgia knows that Georgia’s tax structure should be reformed. But we stand strongly against any policy that will shift the burden from corporations and wealthy individuals to the working families who are the backbone of this state.