Atlanta Out Loud

Politics and rantings and just stuff that catches my attention.

Thursday, August 10, 2006

Economic outlook: Georgia No. 1 in U.S. | Atlanta Business Chronicle:

Don't tell John Sugg, but there's even more expert support for the FairTax in Georgia:
Georgia's economic outlook is rosier than that of any other state in the nation, according to a new study by the father of supply-side economics.

Arthur Laffer, an influential adviser to former President Ronald Reagan, put Georgia at the top of his annual comparative ranking of state economies, a seven-category analysis that primarily focuses on tax and fiscal policy. That's up from fifth place in 2005 and a marked improvement from a No. 24 finish in 2002.


Laffer suggested the state might want to shift more of the tax burden to sales from property or income, an idea popular among state Republican lawmakers, who are currently examining the possibilities.


Perdue agreed that the state might do well to adopt a more consumption-focused tax system, perhaps after the fashion of the FairTax proposed by U.S. Rep. John Linder, a Republican who represents parts of north metro Atlanta.


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