The cost of doing business in Georgia has risen exponentially as the effects of rising inflation, higher taxes, and increasing interest rates impact operations, the House Ways and Means Committee heard during a field hearing in Peachtree.
“Historic inflation, higher interest rates, and help wanted signs have come to define life and America for millions of people and businesses,” said Chairman Jason Smith (R-Mo.) in his opening remarks.
Smith noted that small companies, which employ about 43 percent of the state’s workers, are “battling on the frontlines of the Biden economy for the past two years” and have felt like Washington has forgotten about their daily issues. With a proposed $4.7 trillion in new taxes, families, small businesses, and farmers “who build feed, fuel, and power our nation” are not being prioritized by Congress….