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29 January 2010

State Democratic Party Chief Congratulates GOP On Co-Opting Obama's Message

In his State of the Union address Wednesday, President Obama outlined a plan to spur the economy and create jobs -- tax credits and tax cuts for small businesses.

"I'm also proposing a new small business tax credit – one that will go to over one million small businesses who hire new workers or raise wages," said Obama. "While we're at it, let's also eliminate all capital gains taxes on small business investment, and provide a tax incentive for all large businesses and all small businesses to invest in new plants and equipment."

One day later, two Republican legislators issued a proposal similar to that of the President's. The JOBS Act of 2010, introduced by state Rep. Tom Graves and state Sen. Chip Rogers, gives tax credits to small Georgia businesses with twenty or fewer employees; cuts the capital gains tax by 50% for all Georgians; and gradually eliminates the sales tax deposit on small businesses [Brockway, Buzz (2010-1-28). Graves, Rogers Introduce JOBS Act Of 2010. Peach Pundit. Retrieved on 2010-1-29.].

Jane Kidd, Chairman of the Georgia Democratic Party, applauded President Obama's plan and expressed hope that the Georgia GOP would continue to follow the President's lead on improving the economy.

"Currently, Republicans in the State Legislature are preparing a jobs bill that they claim will spur job growth through tax credits and capital gains tax cuts. These tools are the same ones that President Obama mentioned as key to his plan for job growth in the State of the Union Address," Kidd said.

"We applaud President Obama’s bold approach to job creation, and congratulate Tom Graves and Chip Rogers for co-opting the President’s approach. We are hopeful that the Republican leadership will allow our President to lead on other state issues as well."