Barnes Pitches Rewards, Punishments For Business

By: AP
By: AP

Savannah, Georgia (AP) --

Democrat Roy Barnes says he wants $300 million in new tax breaks for businesses creating jobs in Georgia and as governor would seek to penalize firms sending jobs overseas by denying them state contracts.

Barnes pitched the ideas for jump-starting Georgia's struggling
economy on Friday, September 24 at an economic development conference in Savannah.

Republican gubernatorial candidate Nathan Deal says it's
premature to promise tax breaks before a state tax reform
commission delivers its findings in January. Deal said he agrees
Georgia shouldn't do business whenever possible with companies that
outsource jobs.

The tax breaks Barnes proposed would come in the form of a
two-year suspension of state taxes on capital gains and payrolls.
Barnes said he'd require the tax savings to be reinvested in
business expansion, jobs or real estate.

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