Connect with us

Politics and Current

Gov. Brian Kemp wants to lower the tax rate for 2024 — but experts say the current tax code is ‘rooted in anti-blackness’

Published

on

Georgia Gov. Brian Kemp wants the state Legislature to consider lowering the income tax rate in 2024, citing an enormous surplus in the state’s 2023 budget.

Before 2024, households were taxed under a graduated system in which higher earners paid higher tax rates, but changes to the tax code that were scheduled to go into effect this 12 months – signed by Governor Kemp in 2022 – can be postponed to the flat rate tax model. Under the recent policy, all Georgia residents are expected to pay a general tax rate of 5.49% in 2024, with that quantity expected to decrease by an extra 0.1% every year until it reaches 4.99% in 2029.

For many, this implies exponential growth; most households earning lower than $250,000 a 12 months currently pay lower than 5.49 percent in state income taxes; according to the 2020 U.S. Census, only the top 5 percent of Georgia households earn greater than $233,979. Previously, Georgia’s highest earners paid up to 5.75 percent, while those that brought home the least paid just 1 percent.

Advertisement

Citing a big state budget surplus again in 2023, Governor Kemp’s office wants the Legislature to consider accelerating the reduction to 5.39%. this 12 months – a level that was previously expected to be reached in 2025.

House Bill 1015, which accelerates interest rate cuts, is currently moving through the state Senate and passed the House by a 165-0 majority.

“Cutting taxes and returning more money to taxpayers continues to be a priority for the Georgia House of Representatives, and today’s passage of HB 1015, HB 1019 and HB 1021 will help return over a billion dollars to Georgia families, homeowners and taxpayers,” House Speaker Jon said in an announcement Burns, R-Newington. “These priorities will provide significant relief to taxpayers across the state, put more money back in their pockets, and continue to propel our economy as the best state in the nation to live, work, and raise a family – and I look forward to the Senate’s early retirement and Governor (Brian) Kemp’s signature.”

Income equality advocates say the plan deepens inequality and places an unfair share of the tax burden on those that need assistance most.

Advertisement

Hope Wollensack, executive director of the Georgia Resilience and Opportunity Fund, says the proposed tax cuts “are not proportional to the burden of costs and expenses that low-income households bear” and argues that “a much larger share of those savings should go to households “This should bring the greatest savings.”

Politics ‘rooted in anti-blackness’

Wollensack points out that these households are also more than likely to feel the long-term effects of a blanket tax cut; on condition that public education and health care are already severely underfunded in the state — and that the lowest-income residents are likely to have poorer schools and fewer access to quality health care — she says residents needs to be concerned about how the proposed cuts will affect state revenues .

“For the average person who works every day, what they probably care most about is what they can personally save,” she told Atlanta Black Star. “Our public policies determine who has access to certain resources… and that often determines who gets to the top.”

“We have a extremely ingrained belief that individuals in the top 1 to 10 percent (of income) deserve this. They’ve worked hard, they’ve pulled themselves up by their bootstraps, and so they deserve more advantages than those at the bottom who didn’t work as hard to get there,” Wollensack said, adding that this idea of meritocracy ignores the embedded structural mechanisms of racism that historically exist in tax code.

Advertisement

They are also “rooted in anti-Blackness that is as old as this country,” Wollensack said.

How can tax policy be racist?

How can tax policy be racist? When we trace the history of taxation back to the founding of this country and property taxation – and do not forget that in the South, enslaved people were considered property – it becomes just a little clearer.

“Tax policy is not race neutral,” says Alex Camardelle, a former senior analyst at the Georgia Budget Priorities Initiative who now serves as vice chairman of policy and research at the Atlanta Wealth Building Initiative. “The history of the tax code is rooted in white supremacy, given its long-standing ties to property ownership (including people as property). I don’t think we necessarily took that into account. “Whenever we think about changes to the tax code and their consequences for Black people, who constitute the lowest wealth households in the country, we must consider race.”

“I think that’s one of the reasons a flat tax isn’t ideal, because it doesn’t do enough to recover taxes on losses from the wealthy who also benefit from tax breaks and other loopholes that can be exploited on income,” he said. Black Star of Atlanta.

Advertisement

Both Wollensack and Camaradelle agree that the tax code is intentionally complex and designed to be misunderstood, but those with greater resources are in a greater position to hire professionals to help them discover and exploit potential loopholes. that reduce their tax liabilities.

A posh system of tax cuts and loopholes are “blunt instruments that can be used to deepen inequality,” Camaradelle said.

“Our tax code is incredibly complex, so once you take into account all the deductions and tax credits in the code, it can be difficult to follow,” Wollensack said. “For the average person who works every day, they probably care most about what they can personally save (but)… I think we need to start asking and demanding more.”

Moving in a greater direction

Georgia is certainly one of 20 states that doesn’t offer a state-level earned income tax credit, a tax credit offered to low- and moderate-income people to lower their taxable income and help them keep more of their earnings in their household.

Advertisement

Wollensack said that if government officials really wanted to help the most vulnerable population, they’d consider introducing a loan that will profit the 3.5 million Georgians who need the help the most.

She also advocates redirecting a few of the state’s excess revenue into direct money payments directly to families, which might disproportionately affect black families in the state.

Former Atlanta Mayor Keisha Lance Bottoms was amongst a bunch of mayors across the country who advocated for a guaranteed income program to just do that.

While it failed to gain statewide traction or the funding needed to sustain the program, the Georgia Resilience and Opportunity Fund is currently overseeing a pilot guaranteed income program that gives $850 to $1,000 a month to residents, a lot of whom are black women.

Advertisement

They found that food insecurity decreased by about 20 percent, families’ ability to pay medical bills increased by 14 percent, and college enrollment doubled. Mental health has also improved significantly, with many individuals seeing their savings double, which overall improves their position when it comes to managing their household needs.

“There could be many scenarios where the $16 billion (surplus) is actually concentrated on the bottom half of Georgians — not just people in poverty, but the middle class,” Wollensack says.

Camaradelle says it is important that tax policy is intentional about the way it generates revenue for the state and addresses inequalities which have existed for generations. The current policy, which subtracts $1 billion annually from state revenues, “will ultimately limit our revenue growth potential (and will have) a long-term impact on all publicly funded state resources,” e.g., he added, that education, health care and other investments in infrastructure are possible.

His ideal policy “recovers and addresses the undertaxation of ultra-high-net-worth individuals who do not pay their fair share.” He points to states like California and New York which have introduced property taxes to try to spread the burden more evenly.

Advertisement

“When we think about taxes and who benefits from them and who doesn’t, Black people…feel the burden of not raising taxes, and through other means as well,” Camaradelle said.

This article was originally published on : atlantablackstar.com
Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics and Current

Maryland Governor Wes Moore signs 170 bills to the right

Published

on

By

Maryland Governor Wes Moore


Maryland Gov. Wes Moore It takes the state to latest heights After signing 170 bills in state law, it informs CBS News Baltimore.

Bills, signed on May 13, relate to various topics, from the range of abortion to reckless driving.

The subsidy program for public health abortion (HB 930) concerns the financing of reproductive healthcare, establishing a fund coping with improving access to abortion take care of the inhabitants of Maryland, specializing in people without advanced financial resources.

Advertisement

The first black state governor also signed the Chesapeake Bay Legacy Act (HB 506), which is targeted on ways to improve popular water so as to increase economic growth in the region.

After the Chesapeake Bay Foundation announced concern about Trump’s administration plans for exceeding budget cuts to the National Oceanic and Atmospheric Administration (Noaa), Moore signed provisions that can support farmers in the development of more efficient methods of agriculture as well as to improving oyster aquaculture.

Senate Bill 590, Sergeant Patrick KEPP, corrects the regulations regarding Maryland motorized vehicles to strengthen penalties for a reckless and aggressive driving. Named in honor of a police officer of Montgomery, who was paralyzed from impact by a reckless driver, the Act adapts the system of status of the driver’s points, increasing to two points for neglected driving of the vehicle and 6 points for the transition by 30 km / h or greater than limiting speed.

According to the latest law, aggressive driving might be marked as behaviors, comparable to not compliance with traffic control devices, a dangerous passage and never being lifted by pedestrians.

Advertisement

The state account 901 is directed to the environment by increasing the recycling speed, reduced waste and emphasize the use of a sustainable packaging. Manufacturers will now be obliged to submit a five -year plan by July 2028, which identifies the recycling and recycling content goals.

Other bills are intended for such issues as real estate, public security, medical debt and wild nature.

Viewers consider that signing bills increases the light of Moore’s headlights in the Democratic Party as a possible presidential candidate in 2028.

The democratic strategist of Jon Reinish called Moore “one of the most fresh faces of the party, the most dynamic leaders”, but according to Moore, whose name He was once mentioned As a possible colleague from the former vice chairman of Kamali Harris on a democratic ticket in 2024, he told co -hosts ABC that there have been no plans to search for an oval office.

Advertisement

“I’m not running,” said Moore. “I am now very excited about work that is now happening in the state of Maryland.”

However, some democratic analysts feel movements that he does in another way.

“He does not do much to discourage this speculation at 2028 … his schedule was contrary to his message,” said the democratic strategist with Maryland Len Foxwell.

Moore recently provided the start address of the Lincoln University, HBCU in Pennsylvania, in addition to the major address of democracy at the Brennan Center Awards in New York.

Advertisement

Reinish said people should give attention to Moore.

“It happens in well-known television programs. It goes to the early states,” said Reinish. “I think that most people at this stage would be a cursory denial. But again look at what they do, not what they say.”

(Tagstranslat) gov. There was moore

Advertisement
This article was originally published on : www.blackenterprise.com
Continue Reading

Politics and Current

FEMA limits emergency training before the hurricane season

Published

on

By


In the Hurricane season for lower than two weeks, the Federal US FEMA FEMA disaster limited training for state and native rescue managers.

Sources acquainted with this case informed Reuters that a reduction or Cutting training can leave communities vulnerable to a storm less prepared to handle the consequences of hurricanes.

The forecasts predict the intensive season of hurricanes in 2025 and claim that the forecasts already indicate the amazing similarities to the destructive season 2024. One of the key indicators of this 12 months’s forecast are warm waters in the Persian Gulf and the Caribbean, which drive the development of the storm.

Advertisement

reports that AccuWeather provides 13-18 named storms in 2025.including seven to 10 hurricanes, three to five fundamental hurricanes and three to six direct effects on the United States.

Another disturbing AccuWeather forecast is that the season is to start out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out out quickly. Forecasts predict that the season, which could start on June 1, will then have a stake, after which pickup from September to November, like last 12 months’s pattern.

“Don’t get my way,” warns the acting director of FEMA

FEM’s decision to limit training couldn’t is vulnerable to be present in a worse time.

Season 2024 was one amongst the costliest record -breaking. AccuWeather estimates it Storms in 2024 caused about $ 500 billion in total compensation and economic losses.

Advertisement

President Donald Trump was recently released by the head of FEM, Cameron Hamilton, the day after Hamilton told the legislators that the agency must be preserved. His sentiments appear amongst unprecedented dismissals in federal agencies, because the administration prioritizes the federal workforce.

Hamilton’s successor, David Richardson, reportedly told FEMA employees that he would “escape”, every staff against his implementation of Trump’s vision for a smaller agency. On the phone, tHee Associated Press reportsHe warned that 20% of the employees he estimated may resist the changes.

“Don’t bother me if you are 20% of people,” said Richardson, in accordance with AP. “I know all the tricks. I am just as inclined to achieve the President’s intention as I made sure that I performed my duties when I took maritime infantry to Iraq.”

Advertisement

(Tagstranslate) fema

This article was originally published on : www.blackenterprise.com
Continue Reading

Politics and Current

People are gathering to protest to arrest the mayor of Barak from Newark by ICE

Published

on

By

The mayor of Newark Ras Barak was arrested on Friday Federal Immigration Center Where he protested this week, said the federal prosecutor.

Alina Habba, a transient USA lawyer in New Jersey, said on the Social Platform X that Baraka committed Trespass and ignored the warnings from internal security staff to leave Delaney Hall, a detention facility run by a non-public prison operator Geo Group.

Advertisement

Habba said that Barak “decided to ignore the law” and added that he was arrested.

Barak, a democrat who applied for the success of the governor limited by Phil Murphy, accepted the fight with the Trump’s administration for illegal immigration.

He aggressively pushed himself against the construction and opening of a 1000-person jail, arguing that it mustn’t be opened due to problems with constructing permits.

Witnesses said that the arrest occurred after the barrack tried to join three members of the Congress delegation in New Jersey, representatives of Robert Menendez, Lamonica Mciver and Bonnie Watson Coleman, trying to enter the object.

Advertisement

When federal officials blocked his entry, according to Viri Martinez a hot argument broke out, an activist from New Jersey Alliance for Immigrant Justice. It lasted even after Barak returned to the public side of the gates.

“There was screaming and pushing,” said Martinez. “Then the officers roiled the barrack. They threw one of the organizers to the ground. They put the barrack into the shackles and put it in an unmarked car.”

In a press release, the Internal Security Department said that the legislators didn’t ask to visit the facility. The department further said that as a bus transporting detainees: “A group of protesters, including two members of the US representatives, attacked the gate and broke into security.”

Internal security didn’t answer the questions why only the mayor was arrested.

Advertisement

Watson Coleman spokesman, Ned Cooper, said Lamakers went to the object early in the afternoon, because their plan was to check it and never go on a planned trip.

“They came, explained to the guards and officials in the facility that they were there to perform their supervision authorities,” he said, adding that they were allowed to enter and check the center between 15.00 and 16.00

DHS, in his statement issued after the arrest of the barracks, said that Menendez, Watson Coleman and much of protesters were now “trapped in a guard’s cabinet” in the facility.

“Congress members are not above the law and cannot break into the custody’s branches illegally. If these members asked for a trip, we would make a trip easier,” said McLaughlin.

Advertisement

Watson Coleman, who left and was at the Investigation Department on internal security, wherein the barrack was reportedly taken, said that the DHS statement inaccurately characterised the visit.

“In contrast to the press statement issued by DHS, we did not” storm “the custody,” she wrote. “The author of this press message was so unknown with facts on the basis that they would not even count the number of current representatives. We performed our function of legal supervision, just like in the center of Elizabeth’s arrest without incidents.”

On a video from a quarrel made available from The Associated Press, a federal clerk in a jacket with an internal security logo, possibilities are you most definitely can hear that he cannot join a tour of the facility because “you are not a member of the Congress.”

Then the barrack left the protected area, joining the protesters on the public side of the gate. The film showed that he speaks through the gate to an individual in a suit who said: “They talk about returning to arrest you.”

Advertisement

“I’m not on their property. They can’t go out into the street and arrest me,” answered Barak.

Barak Ras can be the first black NJ governor - and the polls show him at the forefront after Trump

Just a number of minutes later a pair of ice agents, some wear facial covers, surrounded him and others on the public side. When the protesters cried, “shame”, the barrack was dragged back through the handcuffs safety gate.

“Ice staff came out aggressively to arrest and catch him,” said Julie Moreno, the captain of the state at New Jersey State of American Families United. “It didn’t make sense why they chose this moment to catch him when he was out of the gate.”

E -mail and telephone with the mayor’s communication office weren’t immediately received on Friday afternoon. Kabir Moss, spokesman for the Governor’s Government campaign, said: “We actively monitor and give more details when they are available.”

The two -story constructing next to the prison of the County previously acted as a house in half of the road.

Advertisement

In February, ICE awarded a 15-year Geo Group Inc. contract. to conduct a custody in Newark. GEO valued a contract at $ 1 billion, in a extremely long and massive agreement on ICE.

The announcement was part of President Donald Trump’s plans with a sharp increase in detention beds throughout the country from the budget of about 41,000 beds this yr.

The barrack sued the Geo Group shortly after the contract was announced.

GEO advertised a contract with Delaney Hall while merging with earnings with shareholders on Wednesday, and the general director of David Donahue said that he was to generate over $ 60 million in revenues a yr. He said that the object began the process of consumption on May 1.

Advertisement

Hall said that the activation of the object and one other in Michigan will increase the total capability under an agreement with ICE from about 20,000 beds to about 23,000.

DHS said in his statement that the object has appropriate permits and inspections were cleaned.

___

The creator of Associated Press Rebecca Santana in Washington contributed.

Advertisement
The mayor of Newark Ras Barak calls Trump to focus on the crisis of lead in the water, not on the border wall

(Tagstranslate) Immigration policy

This article was originally published on : thegrio.com
Continue Reading
Advertisement

OUR NEWSLETTER

Subscribe Us To Receive Our Latest News Directly In Your Inbox!

We don’t spam! Read our privacy policy for more info.

Trending