In the wake of Monday’s State of the State address, the office of Tennessee Governor Bill Haslam has released an interesting graphic showing the reduction in grocery tax burden for Tennesseans, first beginning this year at a State base of 5.25%, down from 5.5%, then next year the grocery tax will be reduced to 5%. Haslam says he’s determined to make a commitment to lower the grocery tax and keep it down, considering that Tennessee has previously had one of the highest taxes on food in the Southeast.
Despite the best plans of the press to make the national economy look better than it is, things are not all plaudits and flowers, and the economy appears to be contracting again. That news means that it likely was never really expanding much to begin with. With the economy struggling, even as Tennessee continues to appear better positioned than the rest of the country to deal with the difficulty, lowering taxes on groceries and other necessities helps keep food on the table for many of our people on the margins of society and helps our farmers and ranchers as well.
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