Tennesseans are struggling during these tough economic times. Burdened with one of the highest state unemployment rates in the nation, families in the Volunteer State are cutting back to make ends meet.
But instead of following our lead by cutting taxes and spending, the Tennessee General Assembly wants to raise taxes and markup prices.
Yes, you read that right. Our state legislature is considering a pair of bills that would artificially spike the price of cigarettes packs from $5.00 to $5.32. HB 644 and SB 788 would increase the legally required markup price of cigarettes from 8% to 15% of the cost to retailers, hurting taxpayers and local businesses along the way.
This leaves Tennessee business owners with less to invest in new jobs and Tennessee families with less to save on their families’ future.
It’s not the government’s role in a free society to discourage consumer behavior. The tax code is designed to raise necessary revenue, not to modify individual’s choices. These two bills would do just that.
Enough is enough! HB 644 and SB 788 will put Tennessee on precisely the wrong path to take during recent economic hardships.
Click here to tell your representatives to stop this tax hike and leave Tennessee’s struggling businesses alone.