I come from Illinois where the government never met a tax or fee it didn’t like. Living in Illinois for 53 years, never has a proposal been pushed to reduce taxes of any kind. We had one case where the state raised the income tax rate from 3% to 5% then rolled it back to 3.75% for two years. This only happened because the huge percentage increase was shocking to people. But the shock quickly wore off because the state increased it again to 4.95% where it sits today.
This takes me to Georgia where I currently reside. During 2020 when the nation was shut down Georgia cut it’s budget to weather the storm.
… lawmakers cut state spending by $2.2 billion because they feared tax collections would plummet due to the COVID-19 recession.Atlanta Journal-Constitution
Illinois did no such thing. Georgia instituted a soft lockdown that didn’t completely destroy the state’s economy. Illinois had strict lockdowns all across the state crippling its already virtually bankrupt position. Georgia had better than forecast revenues into the state. Illinois also did better than forecast but the economy still cratered because there were no cuts to spending. Here’s where things get strange for me. Georgia is proposing to return money to the taxpayers.
Almost a year after the COVID-19 pandemic sent the economy tumbling and forced Georgia lawmakers to reduce spending, a revenue recovery has state House leaders looking to cut state income taxes.
House Ways and Means Chairman Shaw Blackmon, R-Bonaire, filed legislation this week to increase the standard deduction Georgians can take when they do their income taxes. By reducing the amount of income taxed, House Bill 593 would cut what’s owed by millions of Georgians who use the standard deduction when they fill out their returns.
“It’s the fairest way to help the most people keep more of their money,” Blackmon said. “If we are able to afford it, we ought to let people keep some more of their money.”Atlanta Journal-Constitution
What a concept! It’s fair to help people keep more of their money?? I’ve heard of these things happening before but never experienced it. The news story was even fairly reported. Nothing about “how will we pay for this tax cut” baloney. If Georgia becomes controlled by the Democrat Party I will guarantee this state will never see this sort of thing again. The majority of my life Illinois was controlled by the Democrats at almost all levels of government. It resulted in hundreds of billions of dollars in unfunded public employee pensions that are draining the taxpayers dry.
I just might like it here.
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