Update on the Federal Tax Reconciliation Bill (HR 1): What It Means for Georgia’s Economy

July 25, 2025

The Georgia Chamber of Commerce recently released an important update regarding the U.S. House-passed Reconciliation Bill, HR 1 — legislation that could have significant impacts on Georgia’s business climate, job creation, and long-term economic growth.

The Georgia Chamber continues to oppose HR 1 in its current form, citing concerns over its anti-growth tax policies and the burden it would place on job creators and working families. As the bill heads to the U.S. Senate for consideration, the Chamber is working closely with partners at the U.S. Chamber of Commerce to urge lawmakers to reject this version of the bill and consider alternative proposals that support investment, innovation, and economic recovery. Key Concerns Outlined by the Georgia Chamber:

• Higher business taxes that could make U.S. companies less competitive globally

• Negative impacts on Georgia’s manufacturers, small businesses, and rural employers

• Increased costs that could be passed on to consumers and workers

• Reduced incentives for investment in workforce development and job training

The Georgia Chamber has provided a detailed breakdown of their position and the specific areas of concern on their website. You can read the full update here: HR 1 Bill Update – Georgia Chamber

As always, Albany-Dougherty EDC remains committed to monitoring legislation that affects our local economy and advocating for policies that support job creation, entrepreneurship, and long-term prosperity for Southwest Georgia. We encourage our partners and business leaders to stay informed and engaged as the legislative process continues.