Thank you Governor. Thank you very much. Wise up Handel and Oxendine. -- Gov. Perdue vetoes GOP's irresponsible capital gains tax cut.
Gov. Sonny Perdue’s veto of a capital gains tax cut passed by the Legislature has officially become an issue in the 2010 Republican race for governor this evening.
Earlier today, Secretary of State Karen Handel declared herself “disappointed” in the governor’s decision, and said she would have signed H.B. 481.
Yet she also said she understood the governor’s hesitation. ”I do share some of his concerns about the timing and lack of immediate relief it will offer,” Handel said.
But state Insurance Commissioner John Oxendine said late this evening tha he had no such concerns — and urged an override of the governor’s’ veto by the Legislature when it re-convenes in January.
Sen. Eric Johnson (R-Savannah) — who voted for the measure in the Senate — as a gubernatorial hopeful, declined to second-guess the governor.
In his explanation for the veto, Perdue said the state could not afford the $340 million a year in revenue the legislation would cost.