Monday, February 22, 2010

The Sales Tax

If economic recovery is something we are serious about, we have to remember the impact of the State sales tax:

Every Republican candidate should look at the possibility of being able to stabilize the sales tax rate where it is. If sales taxes continue to rise in the current climate, Tennesseans' discretionary spending will continue to decline and in our little part of the universe, that will actually translate into less State revenue. Raising sales taxes will also raise prices, and yes, people do consider the tax rate when deciding whether to buy material goods.

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