Over the vehement opposition of almost everyone except a few colleagues to whom he can toss plumb committee assignments-or not, Speaker Richardson continues to push his not-so-great tax on everything-a plan that's changing faster than Richardson's moods. But, his latest desperate addition is the death knell for this hair-brained proposal. Stick a fork in it. It's all over but the shouting.
On Thursday, Georgia State released a report on the plan that showing what Alan Essig with the Georgia Budget and Policy Institute told us in January: the plan simply won't produce enough revenue. It's way short-like billions short, unless Richardson includes sales tax on business-to-business services, which he now, predictably says he will do.
The problem is, the experts, like the folks at Georgia State or Georgia Budget and Policy, never even considered that Richardson would propose taxing business-to-business transactions because doing so makes zero economic sense. Essig said that taxing business-to-business transactions would hurt the state's economy and that taxes should be charged only when a product is sold to a consumer. This new wrinkle will add cost at every step of the production process-cost that will ultimately be passed on to consumers (read: "you and me").
So, not only will we be paying increased sales tax, including a brand spankin' new tax on services, the goods we purchase will cost more because of increased cost to business to produce the products. In short, the cost of everything goes up, even before the new sales tax is applied.
Don't spend too much time thinking about it. I'm sure that Richardson will continue his dog and pony show, but the Glenntax is D.O.A.
Saturday, October 13, 2007
Stick a Fork in Glenn's Tax
Thursday, August 23, 2007
Essig to Speak in Macon
The mere mention of the word "taxes" may make you either yawn, start looking for an exit or both, but next year, Georgians are going to wish they'd paid attention. Some of the tax proposals that are slated to be debated during next year's legislative session could dramatically impact your pocketbook-and not necessarily in a good way. Plus, if Speaker Richardson has his way, taxing authority will dramatically shift away from local governments to Atlanta. It's fair to point out that the person in Atlanta that holds the purse strings most firmly is the Speaker of the House, a position that will become even more powerful if Richardson gets his way. You can see where this is going.
Next Friday, you have an opportunity to learn more about these issues. On Friday, August 31 at noon, Alan Essig, executive director of The Georgia Budget and Policy Institute will be the guest speaker for Politics and Lunch, a monthly lunch and learn program in Macon. The luncheon will be held at The Power Station at 1015 Riverside Drive in Macon. Essig will address the various tax proposals that are likely to be debated in the legislature in 2008. The cost, including your lunch is $10.00. To make reservations, please contact Amy Morton at (478) 741-1138 or AmyMorton@aol.com .
Monday, April 02, 2007
More in Macon
What do Alan Essig, Jason Carter, and Cathy Cox have in common?
They're all coming to Macon! If you are interested in politics, and live near Middle Georgia, you are in luck. Some of the best and the brightest will be visiting, and you are invited. Here's a what's on tap:
April 12th: Georgia's WIN List Hosts the Viola Ross Napier Celebration
Guest of Honor: The Honorable Cathy Cox
6:30-8:00 pm, 315 College Street, Macon, Georgia
Host, $250.00, Guest, $35.00
For More Information Click Here
April 21st: Georgia Federation of Democratic Women Tea
Georgia Children's Museum, 4 pm
See The Grapevine for Details
April 27th: "Politics and Lunch"
Special Guest: Alan Essig, Executive Director of The Georgia Budget
and Policy Institute (GBPI)
Noon at The Power Station, 1015 Riverside Drive, Macon
Cost: $10.00, includes lunch
Reservations: Contact Amy Morton at (478) 741-1138 or
amymorton@aol.com
May 25th: "Politics and Lunch"
Special Guest: Jason Carter, 'Democrats Work'
"Putting Values Into Action"
Noon at The Power Station, 1015 Riverside Drive, Macon
Cost: $10.00, includes lunch
Reservations: Contact Amy Morton at (478) 741-1138 or
amymorton@aol.com
And you thought I couldn't top last week's post!
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