Georgia’s Democratic Party sent out a press release saying Georgia Republicans are doing exactly what President Obama is suggesting. They are referring to the Jobs Act which state Republican lawmakers are expected to introduce in the legislature next week. It calls for a cut in capitol gains taxes, and tax credits for investment in small businesses. There’s also an incentive for businesses to hire the currently unemployed.
Georgia Democrats claim Republicans co-opted Mr Obama’s idea. In his Stat e of the Union Address this week, the president did propose a tax credit for small businesses who hire the unemployed and suggested the elimination of all capitol gains taxes on small business investment.