Tennessee’s Hall Tax, as of this coming Friday, will cease to exist.
Experts say that will bring new opportunities to Tennessee and make the state’s economy more competitive.
The Hall Tax, instituted in 1929, applies a 6 percent tax to Tennesseans’ interest and dividend income. In 2016 members of the Tennessee General Assembly phased out the Hall Income Tax over years of scheduled reductions. Read More
Monday morning on the Tennessee Star Report, host Leahy welcomed American economist Art Laffer to discuss his move to Nashville and his upcoming debate with Leslie Marshall at MTSU. Read More
Joe Biden hopes that his proposals to raise taxes significantly will propel him to victory on Election Day. Biden plans to increase the corporate tax rate by 33 percent, raise individual tax rates, and eliminate the cap on income subject to payroll tax. According to an analysis by the Tax Foundation, Biden’s tax plan will reduce national GDP and ordinary earners’ incomes. Read More
Tennessee ranks eighth out of 50 states in economic outlook, according to the 2020 edition of Rich States, Poor States, released Wednesday.
The Virginia-based American Legislative Exchange Council published the book. Economists Jonathan Williams, Art Laffer, and Stephen Moore wrote it. The authors say they base a state’s economic outlook ranking on its current standing in 15 state policy variables. Read More
Acampus speech by Reagan Administration economist Arthur “Art” Laffer was shut down by violent far-left protesters on Monday at Binghamton University in New York, the Washington Times reports. Read More
Tennessee ranks seventh out of 50 states in economic outlook, according to the 2019 edition of Rich States, Poor States, released this week. That’s an improvement over how Tennessee ranked in 2018 (No. 12) and especially five years ago, in 2014 (No. 19), according to the book. A No. 1… Read More