Wednesday, January 27, 2010

Georgia GOP To Push Job Tax Cuts

The Associated Press
Athens Banner-Herald
January 27, 2010

ATLANTA — Georgia Republicans will push a forward a tax cut package aimed at creating jobs in the state, where unemployment is at 10.3 percent.

State Rep. Tom Graves will unveil new legislation at a state Capitol news conference on Wednesday.

The Republican from Ranger pushed a plan last year that would have given companies a $500 credit toward the unemployment insurance tax and a $2,400 income tax credit for each new employee they hire.

But Gov. Sonny Perdue vetoed the measure after the state Senate tacked on a provision to slash the capital gains tax in half over two years. The governor argued the move would have gutted recession-wracked state coffers.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

http://ap.onlineathens.com/pstories/state/ga/20100127/555383851.shtml

© 2008 OnlineAthens • Athens Banner-Herald • Morris Digital Works

No comments: