It is certainly welcome recognition that the United States Chamber of Commerce has named Tennessee No. 1 among the 50 states for low taxes and limited regulations.
That positions our state for further job creation, on top of recent economic development victories such as the Volkswagen plant and a huge distribution center for Internet retailer Amazon at Chattanooga's Enterprise South industrial park.
The research firm Praxis Strategy Group conducted the study for the U.S. Chamber.
It found Tennessee is an attractive destination for business because of both our low taxes and our comparatively low cost of living.
The study also praised Tennessee for its "no surprises" regulatory policy -- a policy that has resulted from the cooperative efforts of lawmakers and economic development and other state officials.
That predictability makes the state appealing to economic investment, because companies looking to expand here or to build in the Volunteer State for the first time do not have to wonder what massive and costly new rules may be imposed on them after they have pumped money into Tennessee.
Tax and regulatory policies in Tennessee are not perfect, but we are on the right path.
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Great news! A great lesson in how tax policy affects behavior. Why can't Lieberals grasp the fact that high taxes and regulation hurt our economy?
--for the same reason that conservatives can't grasp that low taxes and no regulations hurts more than our economy(the dollar is not the most important thing to all Americans).
Are you serious? When in your lifetime have we had LOW taxes and NO regulation and how would either or both hurt our economy? Is that in the Communist manifesto? Did you get this from the Puffington Post?
Under Bush the taxes were slashed along with regulations...don't think the economy was helped at all, and the middle class was decimated.
"taxes were slashed along with regulations"
You must be in that 47% who pay no taxes so I guess Bush did slash yours. You might at least volunteer to pay the Buffet rate of 15%. What regulation was "slashed" for you as well? How does a tax cut "decimate" the middle class? Don't you know that a tax cut for the middle class means MORE money at their disposal NOT less?
It was the middle class who got hit when the economy tanked during Bush's last year...layoffs, cut in pay, less hours, etc. You think tax cuts was the first thing on their mind?
"when the economy tanked during Bush's last year"
Maybe you were out of the country, cut off from the outside world when the sub prime mortgage crisis hit America. The feds for years pressured banks to give loans to people under the Community Reinvestment Act who had poor credit and little or no income. Scores of these deadbeats defaulted on their loan. It started under Clinton, some affordable housing thing. This had nothing to do with tax cuts. You could google "Community Reinvestment Act", "cause of sub prime mortgage crisis" and spend hours finding out it had NOTHING to do with tax cuts.
Do you think banks would give mortgage loans to people with poor credit and little or no income or even having to prove income, if the feds were not pressuring them to do so with the threat of lawsuites over discrimination? Think about it, banks want to make money not lose mony!
EaTn, please tell me what regulations were slashed under Bush.
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