Travis Fain writes up a Q&A with Art Laffer about the Speaker’s tax plan. It’s worth a complete read.
Georgia’s current tax system isn’t bad, Laffer said. But it can be better, which is why he’s behind Speaker of the House Glenn Richardson’s plan to repeal property taxes across the state and replace that revenue by expanding the existing sales tax to cover services as well as goods.
Then the state would divvy that money up among local city councils, county commissions and school boards, which would keep running local operations.
Though property tax rollbacks have happened in other states, including a big one in 1978 in California that Laffer was part of, Georgia would be the first state to repeal them completely – if the General Assembly, the governor and voters across the state approve.
I’m putting odds on passage right now at about 25%, but my wife thinks the odds of passage are over 50%. She’s 100% on board, mostly as a result of just living in Bibb County.
But, I think, sitting for three hours in her hair stylist’s chair listening to the (barbers)(hair dressers)(hair stylists) bitch about having to withhold sales taxes, is going to start weighing on the soccer moms of Georgia, who in turn are going to start having issues.