Rantburg

Today's Front Page   View All of Wed 05/28/2025 View Tue 05/27/2025 View Mon 05/26/2025 View Sun 05/25/2025 View Sat 05/24/2025 View Fri 05/23/2025 View Thu 05/22/2025
2023-01-10 Home Front: Politix
How to Over-Tax GA. Citizens $6.6B
[GPB] Georgia's giant hill of money looms over state lawmakers as the 2023 session begins next Monday.

State government ended the 2022 budget year in June with $6.6 billion in surplus cash, even after it filled its savings account to the legal limit.

Gov. Brian Kemp has announced plans to spend more than $3 billion of the amount through a combination of one-time tax givebacks, with fellow Republican legislative leaders signaling support. But even that bonanza would leave about $3 billion that could be spent, saved or given away. And barring a notable economic disaster, the state is likely to run a surplus again in the current budget year.
Given what’s coming down the pike, I think we can count on that economic disaster... or a long series of smaller economic discomforts that together equal the same thing.
BIG QUESTION
If Ga has a $6.6 BILLION surplus, shouldn't the Gold Dome be looking at adjusting the Tax Code? That is about $622 for every man, woman, child, baby and ?Trans-IT? in GA.

Or about $1,200 per each employed person in Ga
or 2.5 Weeks (40hrs wk) of working.

NOTE: While Ga. Gov. Kemp and lawmakers decide how to waste $6.6B in surplus Tax Revenue. The state of GA next week will also resume taxing gasoline at 29.1 cents per gallon and diesel at 32.6 cents per gallon.

So Hang on, fellow Georgians & related state customers of GA products. The ride and economy will get quickly bumpy. As it will cost more to made it, stock it, ship it and get it soon.

Posted by NN2N1 2023-01-10 00:00|| || Front Page|| [11135 views ]  Top
 File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats 

#1 
Posted by badanov 2023-01-10 10:14||   2023-01-10 10:14|| Front Page Top

#2 They should buy a bunch of crypto.
Posted by Super Hose 2023-01-10 12:08||   2023-01-10 12:08|| Front Page Top

08:52 Matt
08:38 Gleng Whaick2262
08:35 Gleng Whaick2262
08:35 Gleng Whaick2262
08:33 Gleng Whaick2262
08:32 Gleng Whaick2262
08:31 Gleng Whaick2262
08:28 Gleng Whaick2262
08:24 Matt
08:20 SteveS
07:43 Procopius2k
07:42 BrerRabbit
07:42 Procopius2k
07:39 Procopius2k
07:36 Procopius2k
07:35 Procopius2k
07:34 trailing wife
07:31 Procopius2k
07:30 NN2N1
07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
07:10 NN2N1
07:09 Besoeker









Paypal:
Google
Search WWW Search rantburg.com