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Wednesday, March 19, 2008

State Senate seeks income tax cuts

Georgia Senate Republicans introduced yesterday a plan to cut state income taxes by 10 percent over five years. Lieutenant Governor Casey Cagle announced the proposal, which immediately caused a stir among House Republicans who have been pushing their own tax cut plan.

Last week, the House GOP passed a measure to eliminate the state’s car tax and the state portion of property taxes. The Senate plan, introduced in the final days of the legislative session, is expected to deepen tension between the two chambers and Governor Sonny Perdue, who has been skeptical of tax cuts during the current economic slowdown.

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