By AP
Nashville, TN – Tennessee's taxes on inheritance, investments and businesses are levies that the state's Republican gubernatorial candidates say they'd consider cutting if elected. The state's 5 and a half percent sales tax on groceries did not make any of the three Republicans' list when asked at a recent gubernatorial forum in Hendersonville.
Knoxville Mayor Bill Haslam, U.S. Representative Zach Wamp and state Senate Speaker Ron Ramsey called the inheritance tax a disincentive for retirees to move to Tennessee. They also want to get rid of the state's Hall Income Tax on interest and dividends when economic conditions permit. Wamp says the state's corporate franchise and excise taxes hamper job creation by small businesses.