Category Archives: tax

Cutting Georgia’s Personal Income Tax – Pro and Con arguments

By Michael Mumper

The Georgia Public Policy Foundation and Georgia Budget and Policy Institute have different thoughts on whether Georgia should lower its personal income tax.

PRO:  Significant Reduction in Personal Income Tax Needed

Georgia Public Policy Foundation (GPPF) says that a significant cut in Georgia’s  personal income tax is just the jolt our economy needs.   Some of GPPF’s reasons why:

  • Studies show that lowering tax rates spurs economic growth, by not just putting more money in families’ pockets, but also making investment in Georgia more attractive for entrepreneurs, small businesses, and for out-of-state businesses considering whether to relocate to Georgia.

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