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Tuesday, May 11, 2010 - 9:49am

Seniors Urge Governor To Veto Bill That Gets Rid of Low Income Tax Credit

Georgia’s poor and elderly are urging the governor to veto a bill that would eliminate a tax credit for people who make less than 20,000 dollars a year, but other aspects of the bill may prevent that.

Sixty-nine year old James Fabors is a retired cook living on a fixed income of about $10,000 a year.  He’s gotten the state’s low income tax credit for the past five years and says he depends on the money to pay medical bills.

"I’m scuffling trying now trying to make ends meet.  Everything you got now you got to spend here, spend there pay taxes," says Fabors.  "They took the cost of living from us, okay.  Now they want to take $52… what else they going to take from us?"

Fifty-two dollars is the most a person can get from the tax credit.  It was created two decades ago to help poor people with an additional penny sales tax.  Cutting it would save the state $21 million.

But the bill also gives a $10 million tax break for investors of small start-up companies, and it includes the popular tax credit for energy efficient appliances.

The governor says he hasn’t reviewed the bill yet.