Tennessee Conservative
Biden Has Proposed Increasing The Corporate Tax Rate From 21% To 28%, Reinstating The Corporate Alternative Minimum Tax, Increasing The Top Individual Tax Rate, And Amending Several Other Aspects Of The Tax Code.
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Attorneys General From Kentucky And Tennessee Have Come Together To File A Lawsuit Against The Biden Administration. The Lawsuit Claims That A Tax Mandate In The American Rescue Plan Is Unconstitutional And Takes Authority Over From State Legislators.
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The Attorneys General Sent A Letter This Week To Treasury Secretary To Confirm That Provisions In The American Rescue Plan Do Not Attempt To Strip States Of Their Sovereign Authority. They Argue Language In The Act Is Too Broad And Could Be Interpreted As A Blanket Policy.
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