BusinessWeek:Georgia Republicans to push job tax cuts

Georgia Republicans will push a forward a tax cut package aimed at creating jobs in the state, where unemployment is at 10.3 percent.

State Rep. Tom Graves will unveil new legislation at a state Capitol news conference on Thursday.

The Republican from Ranger pushed a plan last year that would have given companies a $500 credit toward the unemployment insurance tax and a $2,400 income tax credit for each new employee they hire.

But Gov. Sonny Perdue vetoed the measure after the state Senate tacked on a provision to slash the capital gains tax in half over two years. The governor argued the move would have gutted recession-wracked state coffers.

BusinessWeek: Georgia Republicans to push job tax cuts