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Tuesday, April 23, 2024

Georgia’s Kemp Seeks Tax Breaks, Slams Abrams on Economy

'The only reason Georgians are worried about going into poverty in rural Georgia right now is because Stacey Abrams helped Joe Biden get elected president... '

(Headline USA) Georgia GOP Gov. Brian Kemp will unfurl his first major policy proposals of his reelection bid Thursday, pledging another state income tax rebate and revival of a long-dormant state property tax break while contending with Democrat challenger Stacey Abrams over who’s best for the state’s economy.

After Abrams, who routinely bashes her own state, its residents and small businesses, argued this week that “miserly” Republicans are denying basic services and ignoring inequities in pursuit of low spending and tax cuts for the rich, Kemp started swinging at Abrams as he celebrated record-high economic development numbers Wednesday.

“If anyone wants to suggest we aren’t delivering on jobs and opportunities for everyone in this state, they should get their facts straight before commenting on things that they simply do not understand,” Kemp said.

Abrams is seeking traction against a Republican incumbent she narrowly trails in the polls in a crucial swing state, one the election-denying, insurrectionist Abrams has already lost once. The challenger, who loves killing unborn babies and restricting Second Amendment rights, argues that not only Kemp’s fiscal policies but his support for abortion restrictions, loose gun laws and even tighter controls on what’s taught in schools threaten the growth of a $683 billion state economy.

Kemp is sticking to the script Georgia Republicans have followed in 20 years in power, which is returning as much money as possible to the people who earn it. He will tell voters Thursday that if they reelect him, he will seek a second round of income tax rebates like the $1.1 billion in payments issued this year, according to a Kemp campaign official with knowledge of plans who spoke on condition of anonymity. This year’s payments gave dual-earner households $500, single adults with dependents $375, and single adults $250.

The governor also will seek to revive a property tax break that succumbed in 2009 amid the state budget crisis caused by the Great Recession, the official said in previewing Kemp’s announcement. The tax break, created by Democrat Roy Barnes in 1999, cost the state $428 million in its last year in 2008, saving homeowners $200 to $300 on tax bills.

Kemp said Wednesday that he wants to “help Georgians further fight through a 40-year high inflation and extremely high costs that our citizens are experiencing” focusing on the unpopularity of Democrat President Joe Biden and his failing agendas.

Kemp can hand out cash because Georgia’s coffers are fat. The state ran a roughly $5 billion surplus in the year ended June 30, with more than $2 billion in surplus still banked from the year before.

The governor has also repeatedly renewed a gas tax break over five months. His administration plans to draw from the surplus to channel money to roadbuilding in place of what’s already $750 million in foregone fuel taxes. Kemp also signed a state income tax cut that begins in 2024 and could eventually reduce taxes by more than $2 billion.

The governor would be building off Georgia’s record $21.2 billion in state-incentivized business investments last year, with companies committing to create 51,000 jobs. Georgia also has a record-low unemployment rate.

“The only reason Georgians are worried about going into poverty in rural Georgia right now is because Stacey Abrams helped Joe Biden get elected president,” he said Wednesday, “and we have 40-year-high inflation and everything that they’re buying — whether it’s butter, eggs, milk, meat, any other protein — is astronomical right now.”

Adapted from reporting by the Associated Press

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