Georgia House GOP leadership seeks $1 billion income tax cut

ATLANTA (AP) — Georgia’s House speaker on Tuesday proposed a $1 billion tax cut that would create a flat state income tax with a 5.25% tax rate, raise the amount of income exempt from taxation and eliminate many deductions.

Speaker David Ralston and House Ways and Means Committee Chairman Shaw Blackmon, both Republicans, said the bill provides tax relief and simplifies Georgia’s tax system.

“This plan lowers the rate and significantly raises the standard exemption. It’s simple. It’s fair, and allows Georgians to keep more of their money,” said Blackmon, of Bonaire.

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