Tennessee Legislature Passes Lee’s $412M Tax Cut, Grocery Tax Holiday

Tennessee’s Legislature Passed A Bill Promoted By Gov. Bill Lee On What Was Budgeted To Be $412 Million In Tax Cuts As The Session Completed Late Last Week. The Largest Factor In The Bill Was $272.8 Million In A Three-Month Food And Food Ingredients Tax Holiday From August Through October Across The State, A Proposal That Holds Locals Harmless By Sending Other State Tax Funds Their Way To Cover The Local Portion Of The Food Tax.

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Critic-Derided Tax Holidays For School Supplies And Groceries Approaching In Tennessee

Starting Friday, Tennessee Will Begin Its Annual Sales Tax Holiday For School Supplies, Clothing And Computers That Will Run Through Midnight Sunday. The Grocery Tax Holiday Was Touted As A Break For Tennessee Residents In The Budget By Republicans In The General Assembly And Lee, But Not All Agree That It Is Good Policy.

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Biden Calls For Federal And State Gas Tax Holidays, A Move Critics Call A ‘Gimmick’

President Joe Biden Called On States And Congress Wednesday To Implement A Temporary Federal Gas Tax Holiday As The National Average Price Per Gallon Hovers Around $5 Per Gallon. Critics Say The Administration Needs To Ease Regulations On Oil And Gas Drilling In The U.S.

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