By State Senator Ronnie Chance
Georgia is open for business and will remain that way as long as we don’t raise taxes. During times of economic downturns and declining revenues, you will hear a variety of suggestions on how to turn around the economy. These suggestions can be as reasonable as tax incentives for job growth or as outlandish as raising taxes on struggling businesses and families. Raising taxes in Georgia is not an option. Georgia is poised for an economic turn-around utilizing free-market principles.
Companies want to locate where taxes are low. Georgia has one of the lowest corporate income tax rates, ranking 42nd in the nation according to Georgia State University’s Fiscal Research Center. Georgia also ranks 35th in the nation on total per person tax burden, making jobs more attractive. By maintaining these low taxes, Georgia is attracting companies, growing jobs and turning around our economy. Over the next five years, our state should see growth of more than 22,000 jobs and investments over $560 million from companies relocating to Georgia. For example, NCR Corporation announced earlier this summer that is has selected Duluth, GA for its worldwide headquarters campus and Columbus, GA for a new North American manufacturing plant, bringing 2,000 additional jobs. Last year, NCR expanded services in Peachtree City investing over $15 million and creating 560 new jobs. Others companies locating in Georgia include: