Tennessee Conservative
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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