The elimination of the Hall tax is crucial for several reasons. First, in the race for residents and jobs, a state's tax environment becomes a huge factor. Once the Hall tax is a thing of the past, Tennessee will become a more attractive destination for owners of Subchapter S corporations, as well as for retirees--in other words, anyone with investments.
Senate Commerce Committee Vice Chairman Mark Green stated in support of the bill that "the best place for the earnings of our citizens is in their own personal budget and not the state's to spend." Green's words ring true with anyone looking for job-creating, growth-encouraging reform.
Tennessee's current formula uses a combination of sales, property and payroll. It's a strong example of a tax scheme that functioned in the 1980s but today creates a disincentive for businesses to create jobs and invest in our state.
Many of the states with the fastest job growth have changed to a sales-only apportionment formula. My bill brings Tennessee in line with these forward-thinking and growing states with which we regularly compete for capital investment and job growth.
Green says Saddam was talkative and the two spoke through an interpreter for six hours. Green details the historic encounter in his book "A Night With Saddam."
He says the former dictator viewed himself as superior but was surprisingly charming. While history will remember the capture, Green says we shouldn't forget the soldiers who made it possible.
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The above quotations are from 2018 Tennessee Gubernatorial race: debates and news coverage.
Click here for other excerpts from 2018 Tennessee Gubernatorial race: debates and news coverage. Click here for other excerpts by Mark Green. Click here for other excerpts by other Governors.
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