Tennessee targets truckers to help solve finance woes

| 6/11/2002

State lawmakers reportedly are seeking "middle ground" between an income tax and a no new taxes budget to avoid steep cuts in education. One scenario involves higher tags and tax for commercial vehicles.

House finance committee members last week heard about potential steep cuts in education, primarily higher education, if a no new taxes budget is adopted. Supporters stress that a middle ground solution would avoid the education cuts recently being talked about, while raising an estimated $900 million dollars through the new taxes.

Other elements of a possible solution would include a sales tax increase up to 9 percent and a jump in the sin taxes for alcohol and tobacco. The scenario also includes an increase in the franchise tax for businesses.