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.


Bikers Need To Have Licenses And Insurance

I am okay with Haslam’s idea of raising the gas tax and lowering the food tax.  But, I want to see a tax of bicycles since they have their own lanes now and they also have to be maintained. How much revenue would that bring in?  I would think if we have enough bike riders to have the lanes in the first place, there must be enough to generate some money for road improvements. ... (click for more)

Roy Exum: Want To Protest? Get Paid!

In a troubling time when “false news” is the rage and people ask me – to my face – if anybody from Russia ever approached me personally searching for votes for President-elect Donald Trump, there appears a website that, to cop a phrase, “is too good to be true.” There is a group out of California that allegedly wants to hire “operatives” to protest Friday’s inauguration. Forget ... (click for more)

Haslam Unveils Comprehensive Tax Cut And Transportation Proposal Including Higher Gas Tax And Vehicle Registration Fee

Joined by mayors from across the state and leaders in the manufacturing and trucking industries, Governor Bill Haslam on Wednesday announced "a comprehensive and strategic plan to cut taxes on food and manufacturing while updating how the state provides Tennesseans the safe and reliable transportation network needed to support future job growth." The IMPROVE Act, “Improving ... (click for more)

Big Woody's Tree Service Employee Killed In Fall On Signal Mountain

An employee of Woody's Tree Service fell to his death 150 feet off a bluff while trimming trees on Signal Mountain on Wednesday. At  11:22 a.m. , a 911 call was made by an employee of the tree service reporting a man in his early 30s had fallen off a bluff the mountain while trimming trees on private property. Walden's Ridge Emergency Services responded to 6202 ... (click for more)

Tyner Outshoots Brainerd In Big 6-AA Battle

Brainerd’s Jackson-High Gymnasium was filled to capacity long before the girls game had ended Tuesday night, but the overflow crowd had come to see the second meeting between Tyner and Brainerd and a battle for first place in District 6-AA. Both are ranked in the latest state Class AA poll with Tyner listed sixth and Brainerd ninth.  Brainerd had won all four meetings ... (click for more)

No. 3 Cleveland Sneaks Past Walker Valley 59-51

CLEVELAND, Tenn. – State-ranked Cleveland blew most of a 13-point second-half lead, but got clutch field goals from Deontae Davis and KK Curry down the stretch and managed to stay unbeaten in District 5-3A high school basketball action with a hard-fought 59-51 victory over rival Walker Valley on Tuesday night. Walker Valley’s girls defeated the Lady Blue Raiders 43-39 in overtime. ... (click for more)