Wednesday, November 28, 2001
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Wednesday, November 28, 2001 |
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Seabaugh proposes tax refund bill
Calling it his "Show me the money" tax refund act, state Sen. Mitch Seabaugh, R-Sharpsburg, announced a plan that he said would limit state government spending and provide for potential tax refunds. Addressing the Fayetteville Rotary, Seabaugh said his plan would have provided the average Georgia taxpayer refunds totaling almost $800 over the past three years. "With President Bush's tax refunds earlier this year, I believe it's time Georgia did the same," Seabaugh said. "We have seen tax revenues double the past ten years and our debt has increased 132 percent," Seabaugh said. "We have to stop frivolous spending and get more money to the taxpayers." Senate Resolution 470 would limit how much state spending could grow from one year to the next. Tax revenues received in excess of the spending limits would be refunded. "It has been proven year after year, if taxpayers send it, this state will spend it," Seabaugh said. "This bill identifies when the state receives too much money and refunds the excess to the taxpayers." The bill is patterned after a 1980 amendment to Missouri's state Constitution. "When times are prosperous in Missouri, their taxpayers get a refund check quarterly," said Seabaugh. "Why can't Georgia do the same?" Action on the proposal would be during next year's session that begins Jan. 14. Seabaugh represents Coweta and parts of Fayette and Spalding counties.
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