Georgia Lawmakers Push for Income Tax Cut
Savannah News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Georgia lawmakers propose slashing income tax rate to 3.99%, with gradual cuts and increased standard deductions. The House and Senate advance similar measures, aiming for the lower rate by 2028. Democrats criticize the plan, claiming benefits favor the wealthy, while Republicans argue it reflects the current tax burden. The House bill would cost the state around $600 million in its first full year, with cuts tied to steady revenue growth. Lawmakers are working to build consensus, and the measures are expected to move quickly towards the governors desk for approval.
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