Georgia Budget and Policy Institute: A Tax Blueprint to Strengthen Georgia
ITEP Work in ActionReforming Georgia’s rickety tax code is once again a hot topic among members of the General Assembly, and the question lawmakers must answer is how best to do it. The most prominent pending reform option would slash Georgia’s top personal income tax rate and try to make up the lost revenue with increased sales taxes, an approach commonly known as a tax shift. Tax shift plans have a proven track record of raising total taxes for low- and middle-income families, delivering a windfall for wealthy families at the top and jeopardizing state support for education and other key services. Better options exist.