Tuesday, February 20, 2007

Gov says Repubs pushing an INCOME TAX??

This is going to be a really interesting General Assembly session! We may have to order extra meds for some of our elected officials.

Link Updated Link with Complete AP article

NASHVILLE, Tenn. Governor Bredesen says the state would have a fiscal crisis if the tax on groceries is phased out without a way to replace the lost revenue.

A measure co-sponsored by all 17 Republicans in the Senate and 20 Republicans in the House would drop the state's six percent food tax by half a percentage point each year until it is eliminated in the budget year beginning in 2018.Bredesen said in a speech today that it would knock a hole in the state budget.

He also said it could be a ploy to get support for an income tax as a replacement.

An income tax proposal spearheaded by then-Governor Don Sundquist, Bredesen's Republican predecessor, failed after years of emotional debate.

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.