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.


Education Funding Should Be Transparent

All should agree with financial transparency with any public / private corporation that receives money from tax dollars and we know the lack that we have here in Hamilton County have concerning funding our children’s education.  Yes, CVB should be willing to yield to an independent audit without hesitation, just like when the state of Tennessee does a tax receipt audit of ... (click for more)

Why I Support Mayor Andy Berke - And Response

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Lawsuit Charges That Georgia Law Firm Stole One Of The Woodmore Elementary Cases From Chattanooga Attorneys

A Circuit Court lawsuit charges that one of the Woodmore Elementary bus wreck cases was stolen from a Chattanooga law firm by Georgia attorneys just shortly after the Nov. 21 tragic crash that killed six students and injured others. It is illegal in Tennessee for attorneys to contact victims of a tragedy for 30 days after the incident. The lawsuit brought by Carl Lewis, father ... (click for more)

Stubbs Arrested In Carjacking At Lakesite McDonald's; SWAT Team Takes Him Into Custody After Struggle At Dayton Pike Apartment

The Sheriff's Office has arrested Jonathan Casey Stubbs in connection with a Feb. 13 carjacking at the parking lot of the McDonald's in Lakesite. Stubbs, 28, who gave his address as Ringgold, is charged with carjacking, aggravated robbery, aggravated kidnapping, resisting arrest, unlawfully carrying a weapon and three counts of violating probation on prior aggravated burglary ... (click for more)

Legendary Howard Coach Henry Bowles Dies At 80

Legendary Howard High Coach Henry Wesley Bowles, Sr., has died at the age of 80 after a lengthy illness. Coach Bowles was born in Chattanooga on Oct. 14, 1936. He graduated from Howard High School, class of 1955, and received his bachelor of arts degree from Lane College, Jackson, Tn. While at Lane College, he was student council president, business manager and Who’s Who among ... (click for more)

Silverdale Girls Claim District 5-A Championship

The face and philosophy might have changed, but the expectations for the Silverdale Baptist Academy girls’ basketball team remained the same. Heading into the season with five seniors and a first-year, first-time head coach in Victor Underwood, the Lady Seahawks had their sights set on winning a District 5-A championship. Wednesday night, they achieved that goal with ... (click for more)