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.


Some Get It Wrong On Christians, The Inquisition And The Crusades

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Roy Exum: ‘Old Hickory’ Is Toast

There is a group of women in New York, all savvy and a bit stealthy, who are plotting to kick Andrew Jackson, the seventh president of the United States, to the curb. They claim “Old Hickory” is a lout and that he is personally responsible for the embarrassing T-shirts that read, “Sure, you can trust the government … just ask an Indian” ($14.99, Amazon) Their plan is to take ... (click for more)

New Attorneys Have Not Decided On Whether To Seek Mental Evaluation For Hixson Woman Facing Possible Death Penalty

New attorneys for a Hixson woman facing a possible death penalty in Catoosa County, Ga., said they have not decided whether to seek a mental evaluation of Catherine Joann Goins. Police said she lured a 30-year-old woman to a friend's house and killed her in order to steal her newborn. After District Attorney Herbert "Buzz" Franklin opted for the death penalty, two attorneys ... (click for more)

Mobile, Ala., Firm Alerted To Send Tug To Cart Off Eyesore Casey Barge

Bankruptcy Trustee Jerry Farinash said Thursday afternoon that a Mobile, Ala., firm has been told to start work on removing the Casey barge from the Tennessee River in downtown Chattanooga. He said Coast Guard officials inspected the barge earlier Thursday and "seemed pleased with the condition it is in." The attorney said the Coast Guard will make a re-inspection just before ... (click for more)

Hannah Wood Leads Red Bank To Two Tournament Wins

Friday was a pretty good day for the Red Bank Lionettes softball team. Hosting a six-team tournament, the Lionettes won two games on the opening day, holding off Lookout Valley by a 6-4 final in the first one before winning by a more comfortable 11-3 margin over Sequatchie County in the second one. Hannah Wood was the sparkplug in both as she had three hits twice and was the ... (click for more)

Manning Makes $3 Million Leadership Grant To UT

KNOXVILLE, Tenn.  – Five-time National Football League Most Valuable Player   Peyton Manning   and his wife, Ashley, announced Friday a $3 million leadership commitment to the University of Tennessee. This gift commitment will benefit both the Tennessee football program and the   Peyton Manning   Scholarship Endowment. This commitment ... (click for more)