Cut the other guy’s tax break, not mine.
That seems to be what many state businesses are saying as they position themselves to defend their existing tax exemptions.
Some businesses are sending letters to the special council charged with finding ways to update and streamline Georgia’s tax code, AJC reporter Margaret Newkirk writes.
The letters exemplify some of the barriers the council faces as it searches for ways to broaden the state’s tax base and make the code more simple and fair, Newkirk reports. Special tax breaks for businesses increase the tax burden on everyone else, critics say. Businesses counter that the breaks help them create jobs and feed state tax revenues in other ways.
There’s a tax break, for example, on sales of sugar fed to honeybees and on crab bait sold to commercial fisherman, Newkirk reports.
No business wants to lose its tax break, and some want new sales tax breaks added to the 13-page list of current ones, Newkirk writes.
Think this is par for the course?
Will we ever get a handle on either the state budget crunch or the federal debt? If so, how? And in what century?
Is “sacrifice” a word that just applies to others?
- Henry Unger, The Biz Beat
For instant updates, follow me on Twitter.