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Cracker Squire

THE MUSINGS OF A TRADITIONAL SOUTHERN DEMOCRAT

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Location: Douglas, Coffee Co., The Other Georgia, United States

Sid in his law office where he sits when meeting with clients. Observant eyes will notice the statuette of one of Sid's favorite Democrats.

Sunday, March 22, 2009

This is irresponsible. Ga. governments -- the state, counties, cities & school districts -- needs more revenue, not less. - Corporate tax breaks urged

At this particular time this attempt is irresponsible. The State of Georgia, cities, counties and school districts need more tax revenues, not less.

I have been the attorney for the Douglas-Coffee County Economic Development Authority for years, and our success in recruiting industry is the envy of many Georgia cities and counties. Never has our corporate income tax, to my knowledge, even been brought up as a problem or consideration by any company we have recruited.

From The Augusta Chronical:

Senate leaders are trying to revive an effort to phase out Georgia's corporate income tax, which in better times has helped fill the state's coffers with more than $700 million each year.

House leaders initially proposed phasing out the tax over a 12-year period starting in 2012, but they abandoned the tax break this month over concerns it wouldn't immediately help spur job growth.

Lt. Gov. Casey Cagle is hoping to breathe new life into the idea. He said wiping out the tax would help Georgia stay competitive with neighboring states.

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