NFIB: No on Income Tax, CATS' Biz Tax Increases
The Tennessee division of the National Federation of Independent Business weighs in on the proposed income tax. NFIB's Tennessee membership is against the proposed income tax and opposed to the increased business taxes in the CATS budget plan, including increasing the corporate excise tax, extending the Hall tax to capital gains, and increasing fees on commercial trailers, according to this most recent legislative update from NFIB/Tennessee state director Rob Ikard. The update seems to lean toward the "confusing" Fowler plan that would either raise the sales tax or impose an income tax depending on the results of a referendum. Ikard notes that Fowler's plan "at least does offer a mechanism by which the people can decide whether they would be subjected to a tax on personal income."