For the second month in a row, Georgia tax collections last month were in the black compared to September of last year only because the state’s tax on gasoline and other motor fuels wasn’t in force then.
The U.K. has lowered taxes on draft beers in pubs, in what it's calling its biggest shakeup to alcohol tax in a century. But taxes on other alcoholic beverages are rising, so not everyone is cheering.
Georgia lawmakers are beginning a review of state tax breaks. Some leaders hope to reduce breaks to lower the state's overall income tax rate. Other officials say business tax breaks are important to recruiting industry. The review could lead to legislation next year.
A group called Patriotic Millionaires has failed to get Congress to raise their taxes or boost the minimum wage. Now they're taking their concerns about inequality to swing-state voters.
Findings from an internal investigation come after researchers said the IRS was at least three times more likely to audit Black taxpayers than other racial groups.
Wednesday on Political Rewind: A jury finds former President Trump liable of sexual abuse and libel in a civil case. The pandemic-era rule Title 42 will expire tomorrow, affecting immigration. And the Georgia Bulldogs punt their chance to go to the White House, declining an invite from President Biden.
State tax collections slipped significantly in April, Gov. Brian Kemp's office said Tuesday. Revenues decreased by more than $800 million, or about 16%, compared to April of last year.
Wednesday on Political Rewind: Rep. Marjorie Taylor Greene secured seats on two high-profile House committees. Will she bring her extreme views with her? Gov. Brian Kemp told the World Economic Forum that Georgia will be a pro-business powerhouse. Meanwhile, Republicans in both D.C. and Georgia aim to reshape tax policy.
Thursday at 2 p.m. on Political Rewind: In his inaugural address, Gov. Brian Kemp highlighted his proposed tax cuts, raises for state employees, and called Georgia the "electric mobility capital of America". Plus, U.S. Rep. Andrew Clyde opposed Rep. McCarthy for speaker, but he received an important committee seat. #gapol
Skyrocketing rents and home prices have been a major part of voters' economic pain. New spending will go toward building and subsidizing more housing, and helping people avoid homelessness.
Even with a wave of new state-level abortion restrictions passing or taking effect this summer, Georgia’s law stood out because of its so-called personhood provisions that accompanied the better known six-week ban on the procedure, including a new tax break for expecting parents. But the fetal tax deduction’s cost and benefits remain murky.
The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late, as a form of COVID-19 relief. The refunds don't apply to penalties for failing to pay your taxes.
A bill introduced in the General Assembly last year called for giving local governments and school districts the legal right to participate in hearings on tax abatements but failed to get through either legislative chamber. Now, a state Senate study committee has begun meeting to consider what changes might be needed to make local development authorities more accountable.
Wednesday on Political Rewind: As both Kemp and Abrams turn to economic issues, Kemp plans to unveil a tax refund for Georgians, funded by the state's surplus. And while much about the Mar-a-Lago search is unknown, GOP figures nationwide are using it to motivate their base. But first, Greg Bluestein provides a breaking update from the Abrams campaign.
Democratic gubernatorial candidate Stacey Abrams says it's time for Georgia to use its budget surplus to invest in its residents. In a preview of a speech on the economy she's expected to deliver Tuesday, Abrams says Gov. Brian Kemp and other Republicans have been hurting the state by prioritizing low taxes and low spending.
