food tax

Lt. Gov. Ron Ramsey says he’s standing by GOP leadership’s call to bank the $554 million in extra taxes the state collected from Tennesseans, despite calls from Democrats to give it back to voters or spend it. Democrats, in the minority on Capitol Hill, argue the state should give the money back to taxpayers by […]

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Press release from the Tennessee Senate Democratic Caucus; June 13, 2012: NASHVILLE – Senate Democratic Leader Jim Kyle called on Governor Bill Haslam and lawmakers to introduce larger cuts to the food tax and to freeze college tuition rates amidst news that the state government has nearly $225 million in excess funds. “The Governor has […]

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Press release from the Office of Tennessee Gov. Bill Haslam, June 4, 2012: WHITWELL – Tennessee Gov. Bill Haslam today traveled to Marion County to sign legislation to reduce the state portion of the sales tax on groceries from 5.5 percent to 5.25 percent. Haslam held a ceremonial bill signing at the locally- and independently-owned […]

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Statement by Lt. Gov. Ron Ramsey; May 18, 2012: Dear Friend, Earlier this month, the 107th General Assembly concluded its business. My goals for this legislature were the same ones I had when first elected: give the people of Tennessee what they have asked for: more jobs, less spending and smaller government. Now, with partners […]

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Reductions to the taxes on groceries and inheritances were approved by the state House Thursday. Leadership at the Legislature expressed confidence the tax cuts would ultimately pass and be signed into law.

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His plan would save a family that spends $884 a month on groceries $26.52 per year. Haslam announced other increases to his budget plan that benefit Radnor Lake State Natural Area in Nashville and boost local jails housing state prisoners.

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Depending on who you’re talking to, the talk of tax cuts at the Capitol amounts to election year politics or just good policy as the economy recovers. Here’s the lay of the land on who wants to cut what, and how that could impact the bottom line for Tennesseans.

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Gov. Bill Haslam said he won’t know until next month whether he will support a reduction in the tax on large gifts. The tax ranges from 5.5 percent to 16 percent on gifts like land or automobiles.

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Lt. Gov. Ron Ramsey has said he wants the tax on investments reduced, but House Speaker Beth Harwell says she wants to take a pass on that this year.

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Gov. Bill Haslam has backed off a bill that would allow for larger class sizes in Tennessee schools, and top lawmakers are editing a bill that would shield certain financial information submitted by companies in their applications for taxpayer-funded grants. More updates here on Haslam’s legislative agenda.

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The governor’s proposed reduction to the food tax is laudable, but Democratic lawmakers believe it doesn’t go far enough. During the Democratic response to Gov. Bill Haslam’s State of the State address, Sen. Lowe Finney, D-Jackson, said that they applaud Haslam’s proposed reduction from 5.5 percent to 5 percent over a few years, but said […]

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Leading Republicans who recently said reducing the grocery tax is a bad idea are now lining up to support Gov. Bill Haslam’s plan.