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February 7--  State Senator and President Pro Tempore Tommie Williams (R-Lyons) has Co-Sponsored Senate Resolution 20 - “Taxpayer Protection Act of 2011.” The proposed Constitutional Amendment would limit how many tax dollars the state of Georgia can spend in any given year.

“In recent years, one of the biggest problems facing our nation is government that spends too much. The Taxpayer Protection Act helps controls the size of government and spending from year to year and forces legislators to rebuild our rainy day fund. That is why I am pleased to support the Taxpayer Protection Act,” said Senator Tommie Williams.

{mosimage}“Senator Williams has proven time and again that he will protect the interests of taxpayers. I really appreciate his leadership on this important issue. The Taxpayer Protection Act will protect future generations of Georgians from government growing too large,” said Senate Majority Leader Chip Rogers, the sponsor of the Resolution.

Senate Resolution 20 would restrict the state from spending any money in excess of the previous year budget adjusted for inflation and population. Any additional revenue beyond the spending limitations would be required to go into the Rainy Day fund until it reaches a point of 15% of the previous year spending. Once the rainy day fund is at 15% additional revenue would be used to slowly phase-out the state income tax.

The Amendment was approved Wednesday by the Senate Finance Committee in a unanimous bi-partisan vote.