Tuesday, January 26, 2010

Get ready for TAX CUTS!

House and Senate Republicans will start making their case for the return of HB 481 this week.

From the House Communications Office:
ATLANTA – On Thursday January 28, 2010, State Representative Tom Graves (R-Ranger) along with House and Senate leaders will hold a press conference to announce the Jobs, Opportunity, and Business Success Act of 2010 (JOBS Act 2010).
There are plans for overflow seating from a small broadcast room and, like most House and Senate press conferences these days, you can watch this one online.

This is the return of the bill from last year that would have eased back on the capital gains tax and instituted a bunch of economic incentives meant to spark hiring. Gov. Sonny Perdue vetoed it, and it's a good bet that the new version will include triggers tied to economic recovery for at least some of the cuts, and especially the capital gains tax cut.

Gov. Perdue has indicated that he'll insist on that before signing cuts into law.

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