Tennessee Gubernatorial Candidate Gets It Half Right on Food Tax

While the governor of Tennessee, Bill Bredeson, stumps to promote the state's ongoing sales tax holiday as a means of reducing the state’s taxes, his Republican gubernatorial opponent, Jim Bryson, is discussing more permanent changes in tax policy. Bryson correctly asserts that abolishing the regressive food tax would bring more lasting relief, but he offers no replacement revenue source. As Tennessee is already a low-tax state, a new source of revenue must take the place of the regressive food tax if it is abolished. To read more on the food tax and options for revenue replacement, click here.