Tax Reform

Hall Tax Repeal Will Benefit Tennessee’s Economy

Just before the Tennessee General Assembly turned off the lights and closed up shop for the 2016 session, a group of bipartisan legislators passed a bill that phases out the Hall Income Tax. While Tennessee is one of nine states that levies no personal income tax on wages, the Hall Tax applies to income earned through saving and investment. Repealing the Hall Tax not only incentivizes investment, the lifeblood of business, but also contributes to economic growth by allowing Tennesseans to keep more of their own money.

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Horvath, Joe (2016, May 15). Hall Tax Repeal Will Benefit Tennessee’s Economy. Tennessean. Retrieved from http://www.tennessean.com/story/opinion/contributors/2016/05/15/hall-tax-repeal-benefit-tennessees-economy/84246064


In Depth: Tax Reform

Mainstream economists, small business owners and taxpayers across the country understand that growth-oriented reforms mean increased opportunity for all. As demonstrated by the annual Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index, sound tax and fiscal policies are critical to economic health, allowing businesses and households to flourish. A …

+ Tax Reform In Depth