State of Tennessee Archives: on Corporations

Bill Haslam: Revenue Modernization Act: level playing field for business

Last year, there was a sharp decline in revenue collections. Most of the drop was in our business tax collections. Some of it is that companies outside of Tennessee, but that do business in Tennessee, aren't always required to pay the same taxes that our in state and homegrown companies do.

We found that Tennessee has fallen behind other states in protecting our in state businesses from unfair competition from out of state companies. To remedy that, we will file the Revenue Modernization Act, which aims to level the playing field in terms of sales tax and business taxes.

The bill also capitalizes on trends that we're seeing in product distribution by creating an incentive for companies to use Tennessee's distribution industry, which maximizes our state's strengths. We are committed to Tennessee remaining a low tax state. This proposal simply brings us in line to better compete with other states and to not put our in state businesses at a disadvantage, which we are doing today.

Source: State of the State address to 2015 Tennessee Legislature Feb 9, 2015

Terry Adams: Democracy is hijacked by corporations & special interests

Adams wondered out loud about a choice between Lamar Alexander, "a servant of Wall Street," or "Terry Adams, who will be a fierce advocate for Tennessee's Main Street," asking, "If we give Tennessee that choice, who do you think they will choose?"

He continued: "This country's $17 trillion in debt. The rich are getting richer, the poor are getting poorer, & the middle class is disappearing. Our democracy is being hijacked! It's been held back by millionaires, by corporations, & by special interests."

Source: Memphis Flyer on 2014 Tennessee Senate race Aug 6, 2014

  • The above quotations are from State of Tennessee Politicians: Archives.
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