The Keys To Good Tax Policy For GA - William Freeland (ALEC)
When we look at good tax policy in a state like Georgia, we look at several items. The list includes lowering rates, broadening the base, practicing tax neutrality (no cronyism or social engineering by use of the tax code) and realizing that consumption taxes are more stable and better than income taxes when you’re making the choice of leaning one direction over another. We also look at tax reform for pass thru entities since most small businesses file their taxes with their personal income tax, and we steer clear of using taxes as a social policy apparatus. And honest economists will note that dynamic scoring of a tax code’s impact is preferable to static scoring because taxes impact human behavior. Watch the video presentation HERE.