With the State of Georgia facing a historic budget crisis and the leadership of the state legislature and governor cutting budgets for nearly every state agency some are calling for new revenue for the state.
Of course "new revenue" means higher taxes. So far the Republican leadership in the Georgia House and Senate have resisted the idea of raising taxes. However a new study out shows that Georgia’s working poor and middle class are paying a disproportionate amount of "revenue" or taxes.
The Institute on Taxation and Economic Policy in Washington, D.C., reported that Georgia’s poorest paid 11.6 percent of their income in taxes, while middle-income taxpayers paid 10.4 percent and the richest paid 6.9 percent.
State Representative Barbara Massey Reece told the Chattanooga Times-Free Press over the weekend
“If the numbers are negative or even flat, I think the legislature will take another look at the amended budget because the governor planned that on a 4 percent increase,” said Rep. Barbara Massey Reece, D-Menlo.
Rep. Reece agreed that legislators should focus on Georgia’s economic future, but said she could not support tax increases right now.
“All we can do right now is try to weather this storm without completely wiping out needed programs and services, but there needs to be more long-term planning,” Rep. Reece said.