State of Tennessee Archives: on Corporations

Bill Hagerty: Stop the socialist agenda; cut corporate tax rate

Bill Haslam: Revenue Modernization Act: level playing field for business

We found that Tennessee has fallen behind other states in protecting our in state businesses from unfair competition from out of state companies. To remedy that, we will file the Revenue Modernization Act, which aims to level the playing field in terms of sales tax and business taxes.

The bill also capitalizes on trends that we're seeing in product distribution by creating an incentive for companies to use Tennessee's distribution industry, which maximizes our state's strengths. We are committed to Tennessee remaining a low tax state. This proposal simply brings us in line to better compete with other states and to not put our in state businesses at a disadvantage, which we are doing today.

Bill Lee: Get government out of the way; give jobs chance to flourish

Bill Lee: Reduce the tax & regulatory burden for everyone

Karl Dean (D): Would allow counties to increase gas tax to fund local transportation infrastructure.

Bill Lee (R): Recruiting new businesses while "growing Tennessee businesses of all sizes. requires reducing the tax & regulatory burden for everyone."

James Mackler: Trump's tax cuts make it easier for jobs to move overseas

Mackler said Trump's tax cuts are making it easier for jobs to move overseas and called the nation's trade war with China "a disaster."

Karl Dean: Used tax incentives to lure companies to Nashville

Mark Green: Reapportion corporate excise tax to favor businesses in TN

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.

Phil Bredesen: Plan for robotic factories of the future

The lesson here is not that factory work is obsolete; far from it. The Wolfsburg complex employs 54,000 people in good, high paying jobs. But most of them don't position and bolt and weld. They invent, they design, they purchase, they contract, they do the logistics to make sure the machines have parts to work with, and they program those machines and fix them when they break. And yes, some of them still load parts and check results, but you can already see a future in which those jobs get fewer and farther between.

Phil Bredesen: As mayor, enticed the NFL's Oilers to relocate to Nashville

During his terms, Bredesen pushed economic development, built schools, a new downtown library and successfully enticed the NFL's Oilers to relocate to Nashville, as well as the NHL franchise now known as the Nashville Predators. Along the way, he built an arena, now home of the Predators, and a stadium for the Titans.

While Bredesen was still mayor, panicky state Democrats persuaded him to run to succeed Democratic Gov. Ned McWherter in 1994. He lost to Sundquist. Eight years later in 2002, Bredesen ran again, this time to succeed the term-limited Sundquist.

Phil Bredesen: Pay for corporate tax cuts by closing loopholes

Marsha Blackburn (R): Yes. "People can keep more of the money they earn throughout their lives."

Phil Bredesen (D): No. "They threw a few crumbs to the middle class to give these huge breaks to wealthier people & corporations."

Q: Address debt and deficit?

Blackburn: Promote "balanced budget; cut bureaucracy," and "across-the-board spending cuts."

Bredesen: "Pay for corporate tax cuts by closing loopholes," rather than adding $1.5 trillion of debt.

Terry Adams: Democracy is hijacked by corporations & special interests

He continued: "This country's $17 trillion in debt. The rich are getting richer, the poor are getting poorer, & the middle class is disappearing. Our democracy is being hijacked! It's been held back by millionaires, by corporations, & by special interests."