Georgia’s Kemp calls for tax cuts, refutes Abrams’ economic problems – The Journal

Georgia Gov. Brian Kemp plans to seek tax cuts in first major policy proposal of re-election campaign

Atlanta (AP) – Georgia Republican Gov. Brian Kemp rolled out the first major policy proposal for his re-election bid on Thursday, offering a state income tax refund and a long-dormant state property tax credit. While promising a resurgence, he battles Democratic challenger Stacey Abrams over who is who. Great for state economies.

Kemp pushed the economy to a record high on Wednesday after Abrams argued this week that “poor” Republicans are denying basic services and ignoring injustice by calling for lower spending and tax cuts for the wealthy. He began attacking Abrams as he celebrated his progress.

“If anyone wants to suggest that we are not offering jobs or opportunities to everyone in this state, we need to get the facts straight before commenting on something we simply do not understand,” Kemp said. Told.

Abrams seeks traction for Republican incumbents. Challengers say Kemp’s support for abortion restrictions, relaxed gun control, and even tighter controls over what is taught in schools, as well as Kemp’s fiscal policies, threatens growth in the $683 billion state economy. claims.

Kemp is sticking to the script that Georgia Republicans have been in power for 20 years. A Kemp campaign official familiar with the plan, speaking on condition of anonymity, said the president told voters on Thursday that if he is re-elected, a second round of income taxes, like the $1.1 billion payment issued this year, would not be available. I will tell you that I will ask for a refund. This year’s payments brought $500 to dual-income households, $375 to single adults with dependents, and $250 to single adults.

The governor will also aim to reinstate a property tax credit that expired in 2009 amid a state budget crisis caused by the Great Recession, officials said when previewing Kemp’s announcement. The tax cut created by Democrat Roy Barnes in 1999 cost the state his $428 million in the final year of 2008, and homeowners could cut him $200 from $300 in taxes. saved.

Focusing on the unpopularity of Democratic President Joe Biden on Wednesday, Kemp said he wanted to “help Georgians fight through four decades of high inflation and very high costs.”

Georgia’s coffers are plentiful, so Kemp can hand out cash. The state had a surplus of about $5 billion in the year that ended June 30, leaving him more than $2 billion in surplus from the year before.

The governor has also repeatedly renewed the petrol tax incentives for five months. His administration plans to use the surplus to fund road construction instead of having already lost $750 million in fuel taxes.Kemp also plans to pay for state income tax cuts starting in 2024. Signed and ultimately he could save more than $2 billion in taxes.

Abrams is already seeking another round of income tax refunds. She has also asked Kemp to suspend the gas tax until the end of 2022, promising not to undo the income tax cuts despite criticizing the benefits to the wealthy. Did.

Abrams spokesperson Alex Floyd said, “Brian Kemp follows Stacey Abrams’ lead for tax refunds, but pushes an extreme and dangerous agenda that threatens Georgia’s families and puts the economy at risk. ing.

Kemp accuses Abrams of supporting his policies simply because they are popular.

“She criticized them all before coming out and now stands by them.

Abrams denounced property tax cuts in a speech Tuesday, saying he was “paying off property taxes for mansion owners and billionaires.” The Census Bureau says his 66% of Georgians own homes, but Abrams said the affordability of housing and the federal government’s COVID-19 pandemic to renters by the Kemp administration. Focuses on relief stuttering.

Kemp used the power of the incumbent to trample Republican challenger David Perdue, yielding profits and legislative accomplishments ahead of the primary election in May. Except, legislative approval of his new plan will have to wait until he is re-elected.

Last year, the governor pledged to amass a record $21.2 billion in state-sponsored business investment in Georgia, with businesses pledging to create 51,000 jobs. Georgia’s unemployment rate is also at a record low.

Abrams argues that many are missing an opportunity, especially in rural Georgia. She says Georgia’s income rankings have fallen during 20 years of Republican rule.

“Most Georgia families are doing everything right,” Abrams said Tuesday, arguing that the state should increase investment in education and health care to boost everyone. “They have full-time jobs. Even though prices are rising, they’re procrastinating as little as they can. Still, middle-class families are struggling.”

Kemp argues that the Democrats alone are to blame for the economic instability.

“The only reason Georgians are now worried about falling into poverty in rural Georgia is because Stacey Abrams helped Joe Biden get elected president,” he said Wednesday. rice field. Whether it’s butter, eggs, milk, meat, or any other protein, it’s astronomical at this point.


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Georgia Gov. Brian Kemp speaks on the economy July 29, 2022 in McDonough, Georgia. Republican incumbents are proposing to add state income tax refunds and property tax cuts as part of their re-election campaign. (AP Photo/Megan Varner, File)

FILE – Democratic candidate for Georgia Governor Stacey Abrams poses for a portrait in front of the Georgia coat of arms on Aug. 8, 2022 in Decatur, Georgia. Tax cut. (AP Photo/John Bazemore, File)

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