Tennessee Conservative
Starting On Friday And Running Through Aug. 5, Tennessee Will Have A Sales Tax Holiday On Food And Food Ingredients At Stores And Also The Retail Sale Of Prepared Food At Restaurants, Along With The Regular Holiday On Clothing, School Supplies And Computers.
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A New Report From The Tax Foundation Found That President Joe Biden’s Proposed Tax Increases Would Put The U.S. At Much Higher Rates Than Many Of Its Economic Competitors.
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The Number Of People Filing New Unemployment Claims Spiked Last Week, The Latest Economic Indicator That’s Troubling Economists.
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A New Study Evaluating The Biden Administration’s Proposed 2022 Budget Found The Plan Would Significantly Lower GDP And Cost 165,000 U.S. Jobs.
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Congressional Republicans Grabbed Headlines This Week After Releasing An Aggressive Budget They Say Would Cut Taxes And Spending, But Key Measures In The Plan Also Would Address One Of The Country’s Most Serious Economic Problems.
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The Washington, D.C.-Based Tax Foundation Has Calculated That About $2 Billion Worth Of Taxpayer Money From The Democratic-passed American Rescue Plan Act Is Allocated To Local Governments That Don’t Exist Or Aren’t In Financial Distress.
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Many State & Local Governments That Reported Budget Surpluses Last Year Will Still Receive Billions Of Dollars In Federal Aid. The $1.9 Trillion American Rescue Plan Act Brings Total Amount That Federal Government Has Provided During The Pandemic To $6 Trillion.
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Sales Tax Collections In Tennessee Came In At 40.7%, Representing The Third-highest Percentage Among The 50 States.
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Tennessee Finished 26th In A Recent Study That Ranked Which Of The 50 States Have The Most Business-Friendly Unemployment Insurance Tax Structures.
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States Entered 2020 With Aggregate Trust Fund Balances Of $75 Billion, Which On Net, Now Stand At $25 Billion. Now, 17 States And The Virgin Islands Are In The Red.
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