Governor proposes slashing taxes after federal 'windfall' - WALB.com, South Georgia News, Weather, Sports

Governor proposes slashing taxes after federal 'windfall'

Gov. Nathan Deal on Tuesday unveiled what he called one of the largest income tax reforms in Georgia's history (Source: Pixabay) Gov. Nathan Deal on Tuesday unveiled what he called one of the largest income tax reforms in Georgia's history (Source: Pixabay)

ATLANTA (AP) - The governor and lawmakers have announced a proposal to slash income taxes in Georgia in response to federal tax changes passed in December.

Republican Gov. Nathan Deal on Tuesday unveiled what he called one of the largest income tax reforms in Georgia's history.

The governor's office estimates Georgia could collect $4.7 billion in added taxes over the next five years because of the federal changes. Deal had hoped to defer the question of how to use those funds until 2019, but changed course after receiving blowback from GOP leaders up for election in November.

The proposal would cut top income tax rates for individuals and businesses from 6 to 5.75 percent in 2019, with an option for further cuts in 2020, and double the standard deduction for all filers.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Keys to keeping your animals cool during summer weather

    Keys to keeping your animals cool during summer weather

    Monday, June 25 2018 12:18 AM EDT2018-06-25 04:18:12 GMT
    The owner of Busy Elves said it's important to keep your animals in shady areas for the summer. (Source: WALB).The owner of Busy Elves said it's important to keep your animals in shady areas for the summer. (Source: WALB).
    The owner of Busy Elves said it's important to keep your animals in shady areas for the summer. (Source: WALB).The owner of Busy Elves said it's important to keep your animals in shady areas for the summer. (Source: WALB).

    As temperatures hover around the 90's right now, one farmer said it's important to remember your animals.  The Owner of Busy Elves Christmas Tree and Blueberry Farm tells us giving your animals food and drink should be a priority daily. 

    More >>

    As temperatures hover around the 90's right now, one farmer said it's important to remember your animals.  The Owner of Busy Elves Christmas Tree and Blueberry Farm tells us giving your animals food and drink should be a priority daily. 

    More >>
  • New watermelon shed making a big name in GA

    New watermelon shed making a big name in GA

    Monday, June 25 2018 12:01 AM EDT2018-06-25 04:01:30 GMT
    A new watermelon packaging shed now sits in Mitchell County as of June. (Source: WALB)A new watermelon packaging shed now sits in Mitchell County as of June. (Source: WALB)

    A new watermelon packaging shed is bringing dozens of jobs to South Georgia. C & C Growers is in its third week of business.. You see them at your local Wal-Marts, Costcos, Food Lions, and many stores across the country. 

    More >>

    A new watermelon packaging shed is bringing dozens of jobs to South Georgia. C & C Growers is in its third week of business.. You see them at your local Wal-Marts, Costcos, Food Lions, and many stores across the country. 

    More >>
  • Vehicle maintenance should be remembered during hot weather conditions

    Vehicle maintenance should be remembered during hot weather conditions

    Sunday, June 24 2018 11:39 PM EDT2018-06-25 03:39:18 GMT
    Parked cars on the side of the road is a common sight in Southwest Georgia. (Source: WALB).Parked cars on the side of the road is a common sight in Southwest Georgia. (Source: WALB).
    Parked cars on the side of the road is a common sight in Southwest Georgia. (Source: WALB).Parked cars on the side of the road is a common sight in Southwest Georgia. (Source: WALB).

    We're hearing a warning from law enforcement and car experts who said taking care of your car should be a top priority for this summer. They said staying under your hood all summer long checking things like your oil, fluids, and tires, will keep you safely on the roadways instead of broke down alongside a highway. 

    More >>

    We're hearing a warning from law enforcement and car experts who said taking care of your car should be a top priority for this summer. They said staying under your hood all summer long checking things like your oil, fluids, and tires, will keep you safely on the roadways instead of broke down alongside a highway. 

    More >>
Powered by Frankly