Perdue Veto's Tax Credit Bill

Governor Perdue today vetoed legislation that would have given tax credits to companies who hire the unemployed.

HB 481 was called the Republican stimulus bill. The bill would have given a $2,400 dollar tax credit to businesses for each employee they hire now and keep for two years.

But in the waning days of the General Assembly Republicans added a capital gains tax cut that would have cut it in half in 2 years. Governor Perdue says that made the bill unsustainable in the long run.

Perdue’s veto of a tax cut popular with Republicans drew a response from gubernatorial candidate Karen Handel. The Republican candidate issued a statement saying if she were governor she would have signed the bill.