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Wednesday, February 18, 2009

Georgia Republicans want their own stimulus package

After waiting for the federal stimulus bill to be passed due to the multi-billion dollar budget shortfall, Georgia lawmakers now have a state Republican stimulus package to consider.

Their version focuses more on tax cuts than spending.

Businesses would get tax breaks for hiring unemployed workers, start ups could register their names for free, and the corporate income tax and state inventory tax would be eliminated. It currently brings in over 600 million dollars, says Rep. Tom Graves.

The Republican from Ranger wrote the bill, and he says, he's not sure how many jobs will be created by eliminating the taxes.


"But I have had many business people tell me that is one of their more difficult taxes and they can't stand that tax," Graves said.

Graves says hundreds of jobs could have been saved this year if those taxes were already eliminated. Graves plan is in the House Ways and Means committee.

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