Amendment Vote Linked to Georgia Environment

Georgia voters will make an important decision regarding forest land and the environment on Tuesday, November 4. Georgians will cast ballots on Amendment #1, the “Georgia Forest Land Protection Act of 2008,” which asks voters whether the state Constitution should be amended to allow timberland taxation on the basis of its actual value as a forest, rather than its potential or speculative future use.

“As land values have increased, property taxes have risen to the point where many landowners are forced to decide whether it makes economic sense to keep their land in forests or sell it for development,” explained Lauren Bush, Public Affairs Staff Forester with the Georgia Forestry Commission. “Amendment #1 encourages landowners to keep their land in forests rather than sell it to developers.”

Georgia boasts approximately 24 million acres of forest land, 92% of which is privately owned. The forest industry contributes $28.5 billion to our state’s economy, and provides invaluable nature services to Georgia, including clean water, clean air, wildlife habitat and recreation opportunities. The Georgia Forestry Commission provides leadership, service, and education in the protection and conservation of the state’s forest resources.

“Forest management is a long-term commitment for landowners,” said Bush. “They may not receive a return on their investment for 20 or more years, but their property taxes are due every year. Amendment #1 can help encourage property owners to keep their land in forests, which enhance the life of every Georgian.”

To receive the forest value assessment, Amendment #1 requires forest land owners to leave their land in tree production for at least 15 years. If a county’s total tax digest of revenue is reduced by more than three percent, the money will be reimbursed by the State of Georgia. If it is affected by three percent or less, the county will be reimbursed 50%.

If ratified by Georgia voters on the November 4 General Election ballot, the Forest Land Protection Act will go into effect on January 1, 2009.

For more information, visit GaTrees.org, www.forourforests.com or www.keepgeorgiagreen.org.

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McCain - Barack Obama's Tax on Seniors

Today, on the fifth day of Barack Obama's "Change That Works For You" tour, McCain spokesman Tucker Bounds issued the following statement:

"Barack Obama likes to think that his tax increases will only hit a few Americans, but in truth, his economic plan will be a disaster for everyone, especially seniors. Because of Barack Obama's tax increases, one out of every three senior households will end up paying higher taxes. That's not change we can believe in when so many seniors are struggling to cope with higher gas prices and food prices. The last thing we need to do is raise their taxes. Unfortunately, all too often, that is the first thing Barack Obama will do."

Barack Obama Will Raise Taxes On 10 Million Seniors (One Out Of Every Three Senior Households In America)

Tax Policy Center: Barack Obama Would Raise Taxes On One Out Of Every Three Senior Households. "Even though Senator Obama's plan eliminates individual income taxes for seniors with incomes less than $50,000, his plan would raise taxes for almost 10 million senior households, over a third of the total (not shown in table). On average, seniors would face a tax increase of about 2 percent of income." (Burman et al., "A Preliminary Analysis of the 2008 Presidential Candidates' Tax Plans," The Tax Policy Center, 6/11/08)

· Tax Foundation: Seniors "Rely Most On The Stable Flow Of Income That Dividends Provide." "Most debate over whether to extend the reduced rates on dividends and capital gains has focused on the tax benefits of these cuts to high-income taxpayers. What has been largely ignored is the impact these tax policies have on corporations' decisions on how best to distribute their income to shareholders -- including senior citizens, who rely most on the stable flow of income that dividends provide. A recent Tax Foundation analysis illustrated that a large number of those benefiting from dividends are seniors and those on the verge of retirement (See www.taxfoundation.org). A further analysis of these seniors earning dividends reveals that lower-income seniors who file tax returns depend more heavily on divide nd income than high-income seniors." (Gerald Prante, "The Importance Of Dividend Income For Low-Income Seniors," Tax Foundation, http://www.taxfoundation.org/news/show/1354.html, 2/8/06)

Barack Obama "Has Changed His Position" On Social Security "In A Matter Of Months"

The Washington Post's Dan Balz: "[O]bama Has Changed His Position On What To Do About The Government Retirement System's Financial Problems." (Dan Balz, "What's On The Table For Obama And Social Security?" The Washington Post's "The Trail" Blog, www.washingtonpost.com, 10/30/07)

· Balz: "In a matter of months, Obama has moved from being open to a solution that might include raising the retirement age or indexing benefits to prices rather than wages -- as Republican Fred Thompson has recommended -- to one of making the protection of benefits one of his three core principles for dealing with Social Security." (Dan Balz, "What's On The Table For Obama And Social Security?" The Washington Post's "The Trail" Blog, www.washingtonpost.com, 10/30/07)

· Balz: "He Needs To Say What Is Now On The Table And What Isn't." (Dan Balz, "What's On The Table For Obama And Social Security?" The Washington Post's "The Trail" Blog, www.washingtonpost.com, 10/30/07)

Barack Obama Wants It Both Ways Can't Decide If All Options Are "On The Table," Or If He Wants To Be "Very Specific" About His Plan To Fully Fund Social Security

In May 2007, Barack Obama Said "Everything Should Be On The Table" To Ensure Solvency Of Social Security, Including Raising Payroll Taxes And The Retirement Age. ABC's George Stephanopoulos: "You've also said that with Social Security everything should be on the table." Obama: "Yes." Stephanopoulos: "Raising the retirement age?" Obama: "Everything should be on the table." Stephanopoulos: "Raising payroll taxes?" Obama: "Everything should be on the table. ... [I] don't want to lay out my preferences beforehand, but what I know is that Social Security is solvable." (ABC's "This Week," 5/13/07)

In September. 2007, Barack Obama Wrote An Article That Said Cutting Benefits Or Raising The Retirement Age Were Off The Table As Options To Fund Social Security. Obama: "[I] do not want to cut benefits or raise the retirement age." (Sen. Barack Obama, Op-Ed, "Fixed-Income Seniors Can Expect A Tax Cut," Quad City [IA] Times, 9/21/07)

In November 2007, Barack Obama Denied That He Had Taken Anything Off The Table. NBC's Tim Russert: "But, Senator, you said last year--earlier this year that everything should be on the table for Social Security, including looking at raising retirement age, indexing benefits, and then suddenly you said, 'No, no. Those aren't ... on the table; I'm taking them off the table.'" Obama: "Tim, that's not--that's not what I said. What I said was that I will convene a meeting as president where we discuss all of the options that are available." ... Russert: "But they would be on the table?" Obama: "Well, I will listen to all arguments and the best options, finding out what is it going to take to close that gap." (NBC's "Meet The Press," 11/11/07)

But Only Days Later Said He'd Been "Very Specific" In Opposing Benefit Cuts And Raising The Retirement Age; He Favored Raising Payroll Taxes. Obama: "So I've been very specific about saying that we should not privatize, we should protect benefits. I don't think the best way to approach this is to raise the retirement age. But what we can do is adjust the cap on the payroll tax." (Sen. Barack Obama, CNN Democrat Presidential Candidates Debate, Las Vegas, NV, 11/15/07)

Barack Obama Opposes Privatization Of Social Security But Suggested Personal Accounts As A "Complement" To Social Security

Obama: "First, I will fight against efforts to privatize Social Security, as I and others did when President Bush proposed private accounts a few years ago. Privatization is wrong." (Sen. Barack Obama, Op-Ed, "Fixed-Income Seniors Can Expect A Tax Cut," Quad City [IA] Times, 9/21/07)

In The Audacity Of Hope, Obama Supported A "Universally Available Pension System" As "A Complement To Social Security." "And if Americans are going to depend on defined-contribution plans like 401(k)s to supplement Social Security, then the government should step in to make them more broadly available to all Americans and more effective in encouraging savings. ... As a complement to Social Security, we should...begin moving toward a beefed-up, universally available pension system that not only promotes savings but gives all Americans a bigger stake in the fruits of globalization." (Barack Obama, The Audacity Of Hope, 2006, pp. 182-183)

Bob Barr Cites Anniversary of Proposition 13, Calls for New Tax Revolt

Thirty years ago this week California voters passed Proposition 13, “inspiring an entire generation of advocates of individual liberty and limited government,” notes Bob Barr, the Libertarian Party candidate for president. It was a true people’s revolt against the entire political establishment—politicians, lobbyists, interest groups, and unions.

“We need a similar popular revolt today,” says Barr. Tax Freedom Day wasn’t until April 23 this year, meaning that on average Americans spent almost four months just to pay their taxes. That isn’t the end of the burden: “it also took six billion hours to comply with Uncle Sam’s dictates,” notes Barr.

“We must both reduce and simplify taxes,” he adds. That could mean replacing the income tax with a consumption tax. It could mean a low, flat income tax. But, he emphasizes, “the bottom line is that taxes are too high and too complex. It’s time for Americans to say that they are mad and aren’t going to take it anymore, just like they did in California three decades ago.”

Romney: SUPPORTING PRO-GROWTH TAX POLICIES

Governor Mitt Romney: "I don’t think that the Democrats are right when they say that they’re planning on raising taxes, that'll somehow make us stronger. I think that'll hurt our economy. Raising taxes slows the economy down. I want to keep taxes down. That was the first lesson of Ronald Reagan. Ronald Reagan 101: bring taxes down, that will grow the economy and allow us to have better jobs and a better future. And so I want to keep our taxes down." (Gov. Mitt Romney, Remarks, Conway, NH, 12/22/07)

Governor Romney Has A Record Of Fighting For Lower Taxes In Massachusetts:

The Club For Growth: Governor Romney's Record Includes "Solid Efforts To Promote Pro-Growth Tax Policy." "That said, Governor Romney's single term contained some solid efforts to promote pro-growth tax policy." (The Club For Growth, "Mitt Romney's Record On Economic Issues," Press Release, 8/21/07)

Massachusetts Citizens For Limited Taxation Executive Director Barbara Anderson: "There was no one else out on the horizon and with the legislature almost entirely Democratic, we felt it was necessary to have a grown-up in the corner office. … And we were right to back him. He's been a really good friend to the taxpayers." (Shawn Macomber, "Mighty Mitt Romney," The American Spectator, 3/06)

Beacon Hill Institute Executive Director David Terck: Governor Romney Did "Hold The Line On Taxes In Every Significant Sense." (Fox News' "Journal Editorial Report," 3/31/07)
CAPITAL GAINS TAXES: Governor Romney Turned The Legislature's $250 Million Retroactive Capital Gains Tax Increase Into A $250 Million Tax Refund. (Governor Mitt Romney, Remarks At The Conservative Political Action Conference, Washington, D.C., 3/2/07)

INVESTMENT TAX CREDIT: Governor Romney Signed An Economic Stimulus Package Making The Investment Tax Credit (ITC) Permanent. (Office Of Governor Mitt Romney, "Romney Signs Economic Stimulus, Supplemental Budget Bills," Press Release, 11/26/03)

PROPERTY TAX RELIEF: Governor Romney Proposed And Signed Legislation Providing Property Tax Relief To Senior Citizens, Enabling Them To Keep Their Homes. (Office Of Governor Mitt Romney, "Romney Signs Bill To Give Seniors Tax Relief," Press Release, 11/20/05)

2004 SALES TAX HOLIDAY: Governor Romney Enacted The State's First-Ever Sales Tax Holiday In 2004. (Office Of Governor Mitt Romney, "Romney Promotes Tax-Free Shopping Day On Saturday," Press Release, 8/14/04)

2005 SALES TAX HOLIDAY: Governor Romney Enacted A Second Sales Tax Holiday. (Office Of Governor Mitt Romney, "Romney, Dimasi, Hart Promote Tax-Free Shopping Weekend," Press Release, 8/14/0)

BIOTECH MANUFACTURING JOBS TAX REBATE: Governor Romney Proposed And Enacted A Tax Rebate For Manufacturing Jobs Created In The Biotechnology, Life Sciences And Medical Device Fields. (Office Of Governor Mitt Romney, "Romney Signs Economic Stimulus, Supplemental Budget Bills," Press Release, 11/26/03)

RESEARCH AND DEVELOPMENT TAX CREDIT: Governor Romney Proposed And Enacted An Expansion Of The Research And Development Tax Credit. (Jay Fitzgerald, "Gov Nearly Halves Package; Rebellious Legislators Vow To Override Stimulus Vetoes," The Boston Herald, 11/27/03)

LOW-INCOME HOUSING TAX CREDIT: Governor Romney Extended The Low-Income Housing Tax Credit. (Jessica Fargen, "Romney Pegs Courthouses For Repair Money," The Patriot Ledger, 8/11/04)

PRESCRIPTION DRUGS TAX RELIEF: Governor Romney Ended The Prescription Drug Tax Which Fell Disproportionately On Seniors. (Office Of Governor Mitt Romney, "Romney Signs No New Tax Budget In Time For New Fiscal Year," Press Release, 6/30/03)

COMMUTER TAX RELIEF: Governor Romney Signed Legislation Allowing Commuters To Deduct Transportation Costs From Their Income Taxes. (Office Of Governor Mitt Romney, "Governor Romney Signs $25.2 Billion FY 2007 State Budget," Press Release, 7/8/06)

VETERANS TAX RELIEF: Governor Romney Signed Legislation Providing Disabled Massachusetts Veterans With Extensive Tax Exemptions. (Office Of Governor Mitt Romney, "Romney Expands Tax Benefits For Disabled Veterans," Press Release, 8/14/06)

HOME HEATING OIL DEDUCTION/ENERGY EFFICIENT CREDIT: Governor Romney Signed Legislation Giving Homeowners A Deduction Of Up To $800 For Home Heating Costs And Providing A One-Time Credit For Homeowners Who Purchase Energy Efficient Heating Products. (Office Of Governor Mitt Romney, "Romney Signs Legislation To Provide Energy Price Relief And Increase Conservation," Press Release, 11/22/05)

BUSINESS DEVELOPMENT: Governor Romney Proposed And Enacted A Refundable Tax Credit To Promote Development At The Former Fort Devens U.S. Army Base. (Stephen Heuser, "$660M Drug Plant, 550 Jobs For Mass.," The Boston Globe, 6/2/06)

FIRE SAFETY TAX DEDUCTION: Governor Romney Proposed And Enacted A Tax Deduction For Businesses Installing Automatic Sprinkler Systems To Enhance Fire Safety. (Office Of Governor Mitt Romney, "Romney Signs Into Law Landmark Fire Safety Legislation," Press Release, 8/17/04)

CONFORMITY TO FEDERAL INCOME TAX CODE: Under Governor Romney, Massachusetts Was Brought Into Conformity With The Federal Code, Providing Massachusetts Taxpayers With A Range Of Credits, Exemptions and Deductions Previously Unavailable To Them. (Office Of Governor Mitt Romney, "Romney Urges Taxpayers To File For New Tax Breaks," Press Release, 1/24/06)

MEDICAL DEVICE TAX CREDIT: Governor Romney Enacted Legislation Providing A Tax Credit For User Fees Paid By Medical Device Manufacturers to The U.S. Food And Drug Administration. (Office Of Governor Mitt Romney, "Romney Expands Tax Benefits For Disabled Veterans," Press Release, 8/14/06)

MOTION PICTURE TAX CREDIT: Governor Romney Signed Legislation Providing Tax Incentives For Movie And Television Production In Massachusetts. (Office Of Governor Mitt Romney, "'Lights, Camera, Action!' In Massachusetts," Press Release, 11/23/05)

BROWNFIELD REDEVELOPMENT TAX CREDIT EXTENTION: Governor Romney Signed Legislation Extending The Tax Credit For Brownfield Site Redevelopment. ("Campaign Notes," The Berkshire Eagle, 7/8/06)

HISTORIC REHABILITATION TAX CREDIT: Under Governor Romney, The Historic Rehabilitation Tax Credit Was Created Which Provides A Tax Credit For The Renovation Of Historic Buildings. (The General Court Of The Commonwealth Of Massachusetts, Chapter 141 Of The Acts Of 2003, “An Act Relative To Investments In Emerging Technologies To Promote Job Creation, Economic Stability And Competitiveness In The Massachusetts Economy”)

Governor Romney Has Proposed A Pro-Growth Tax Agenda That Includes:

Making The Bush Tax Cuts Permanent. Governor Romney believes making the Bush Tax Cuts permanent is the first step to ensuring that Americans are able to keep more of their hard-earned money. (Romney For President, "Strategy For A Stronger America: A Conservative Blueprint To Lower Taxes," Press Release, 10/4/07)

Rolling Back Tax Rates Across The Board For All Americans. As President, Governor Romney will cut marginal tax rates across the board, allowing all Americans to save more money. This approach is fair, simple and extends the pro-growth benefits of tax rate cuts to all Americans. (Romney For President, "Strategy For A Stronger America: A Conservative Blueprint To Lower Taxes," Press Release, 10/4/07)

Making Middle Class Savings Tax Free. Governor Romney's plan will allow middle class Americans to save tax free by changing the tax rate on interest, capital gains and dividends to absolutely 0%. By helping more Americans save and invest, we can meet the challenges of an aging population and ensure the financial security of America. (Romney For President, "Strategy For A Stronger America: A Conservative Blueprint To Lower Taxes," Press Release, 10/4/07)

Killing The Death Tax. It is unfair to tax the American people three times: once when they earn their money; second when they invest it and receive income from those investments; and third when they die. (Romney For President, "Strategy For A Stronger America: A Conservative Blueprint To Lower Taxes," Press Release, 10/4/07)

Making Our Corporate Tax Rate Must Be Competitive With The Rest Of The World. The United States has the second highest corporate tax rate in the Organization for Economic Co-operation and Development. We simply cannot afford for future economic growth to have a tax rate that is out of alignment with the other major economies of the world. (Romney For President, "Strategy For A Stronger America: A Conservative Blueprint To Lower Taxes," Press Release, 10/4/07)

Opposing Any Increase In Social Security Taxes. We can strengthen Social Security without resorting to higher Social Security taxes that will impact all Americans. Governor Romney will oppose any proposed increase in Social Security taxes. (Romney For President, "Strategy For A Stronger America: A Conservative Blueprint To Lower Taxes," Press Release, 10/4/07)

Making Qualified Medical Expenses Tax Deductible. Governor Romney supports the full deductibility of qualified medical expenses, which will allow Americans to deduct the cost of their health insurance and out-of-pocket medical expenses, where accompanied by at least catastrophic insurance. (Romney For President, "Strategy For A Stronger America: A Conservative Blueprint To Lower Taxes," Press Release, 10/4/07)

Preventing The Alternative Minimum Tax (AMT) From Hurting More American Families. At the very least, Congress must pass a patch to the AMT that will prevent this tax from affecting more and more families in America. (Romney For President, "Strategy For A Stronger America: Real Conservative Solutions," Press Release, 12/13/07)

Governor Romney Has Always Supported The Bush Tax Cuts:

Governor Romney Called The President's Tax Relief A "Powerful" Economic Tool. "Like Rhode Island, Massachusetts is heavily Democratic; John Kerry of the Bay State will sweep both places in November. I asked Romney how it helps Massachusetts that Bush is president. 'It helps America to have George Bush as president, and Massachusetts is part of America – still,' he chuckled. He said Bush, using the 'powerful' tool of a tax cut, has worked hard to stimulate the economy." (Charles Bakst, "Mitt Romney To Have His Moment In The GOP Spotlight," The Providence Journal, 8/31/04)

At The Republican National Convention, Governor Romney Praised Fiscally Conservative Government That "Leaves More Money In The Hands Of The Taxpayers." "We step forward by insisting on Ronald Reagan's vision of a compassionate and fiscally conservative government that promotes the opportunity of ownership and leaves more money in the hands of the taxpayers." (Governor Mitt Romney, Remarks At The Republican National Convention, New York City, NY, 9/1/04)

At A 2002 Fundraiser, President Bush Advocated Making The Tax Cuts Permanent Saying "I Know Romney Feels The Same Way." PRESIDENT BUSH: "They also need to make sure the tax cuts are permanent. Let me tell you my thoughts about tax relief. When your economy is kind of ooching along, it's important to let people have more of their own money. Here's the page out of the textbook that I believe is important. I know Romney feels the same way. If you let somebody keep more of their own money, they're likely to demand a good or a service. And when they demand a good or a service in this system, somebody is likely to produce that good or a service. And when somebody produces that good or a service, somebody is more likely to be able to find work." (President George W. Bush, Remarks At A Massachusetts Victory 2002 Reception, Boston, MA, 10/4/02)

Mitt Romney: President Bush Knows How To Stop Those Who Want To Raise Taxes. MITT ROMNEY: "We have to make sure that we have that battle cry here today as well because there are some people who would get the bus going back to 'Taxachusetts' and this man [President Bush] knows how to stop that kind of stuff." (Mitt Romney, Remarks At A Massachusetts Victory 2002 Reception, Boston, MA, 10/4/02)