Rep. Watson: Capital Hill Review

Tuesday, December 17, 2013 - by Rep. Eric Watson

State Legislature Faces Several Key Issues 

The second half of the 108th General Assembly is set to begin on Jan. 14, with several key issues on tap this year including taxes and jobs. With preliminary work already done on many issues facing the General Assembly, expect lawmakers to get off to a quick start for what is expected to be a short but busy legislative session. 

Tax Reduction — The governor’s budget proposal will likely fund the next phase of inheritance tax relief by raising the exemption level to $5 million in 2015.  The General Assembly approved legislation in 2012 and 2013 phasing out the “death tax” by 2016, as well as reducing the sales tax on food from 5.5 percent to 5.0.  In 2012 lawmakers eliminated Tennessee’s gift tax.  I have continually focused on putting money back into the pockets of the citizens.  As we go forward with the next phase, I will fight for the people of my district.

In addition, the legislature voted to raise the exemption level to allow more senior citizens to be exempt from the Hall Income tax in 2011 and 2013.  Since enactment of the Hall tax in 1929, the use of investment savings has grown as a primary source of retirement income.  Expect some continued Hall tax relief efforts to come before the legislature in 2014. 

Continued Focus on Job Creation is “Job One” in 2014 — Another area in which Tennessee is looking to be the fastest improving state in the nation is high quality job growth.  In addition to preparing students for the 21st century global marketplace, the legislature will continue its efforts to create a business-friendly climate which draws new and better paying jobs to the state.

I am extremely proud of the efforts that my colleagues and I have done over the past several years, with the number of initiatives that we have passed to create and grow jobs including tort reform to provide predictability to business and workers’ compensation reform to create a streamlined system for employees and employers.  In addition, the state also has one of the lowest state and local tax burdens in the U.S. 

As a result of these and other efforts, Tennessee has gained approximately 140,000 new private sector jobs since January 2011.  The state ranks first in the Southeast and 10th in the nation for personal income growth, and first in the Southeast and 5th in the nation for job growth.  Expect efforts to continue to focus on fostering entrepreneurship in Tennessee and on the growth of new and expanding businesses.


Police Need To Stop The Road Cowboys

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Unanswered Questions About The Tragic Accident

Having just taken a road trip to North Carolina on the very route this happened on the very day it happened, I cannot help but comment on the tragic events that occurred hours after I went through the same area. There was a lot construction along the way, many slow downs and stops, but there were countless signs and warnings that you would have to be vision-impaired not to notice.  ... (click for more)

Boyd Asks Coppinger, Compton To Apologize For Chief Of Staff's Outburst; Says Handbook Calls For Termination

County Commissioner Tim Boyd has written a letter to fellow commissioners and the county mayor's office asking an apology from County Mayor Jim Coppinger and his chief of staff, Mike Compton, for remarks after last week's commission meeting. Mr. Compton took strong exception to comments by County Commissioner Tim Boyd about discretionary funds. In a clash between the two just ... (click for more)

Settlement Reached In Case That Was County's Largest Verdict Award; Will Avoid Any Appeals Of Canyon Ridge Litigation

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Fort Oglethorpe Swimmers Get First Win Of Season

There are a lot of positive and upbeat coaches in the Chattanooga Area Swim League, but perhaps none any more than Fort Oglethorpe veteran Tony Womac. This guy is always happy, always smiling and always offering something positive to those around him. He may have been just a bit more of all the above on Monday night after his Marlins defeated the Cumberland Currents in a home ... (click for more)

John Shearer: A Look At The Origin Of The Lady Vols’ Name

On Wednesday, the University of Tennessee is scheduled to drop the Lady Vols nickname from all women’s sports teams except the basketball squad.   The change has been a source of much debate, particularly in Knoxville. As evidence, several people wanting to keep the Lady Vols name protested last Thursday along Joe Johnson Drive, near where the UT board of trustees was meeting ... (click for more)