Recently, the Elk Valley Times had the opportunity to briefly interview Speaker of the House of Representatives of Tennessee Cameron Sexton as well as Representative Rick Tillis. Over the course of the discussion, Sexton and Tillis spoke about the State Legislature’s work to assuage the damages that COVID-19 has inflicted on Tennessee citizens, the current state of healthcare in the state, and the efforts being made to support Tennessee business owners.
On the matter of supporting Tennessee amid the coronavirus pandemic, Sexton began by discussing the utilization of federal funding, saying, “The financial stimulus accountability group, through the CARES act enacted by the federal government, has given the State of Tennessee about 2.3 billion dollars, so we put in place a program sort of like the PPP (Payment Protection Program), except for businesses that had to shut down and lost revenue.” Sexton was here referring to the Tennessee Business Relief Program, which will direct $200 million to small family business that were unable to obtain funding through the federal PPP. Additionally, Sexton cited more generalized efforts to lower taxes for businesses, saying “we changed the way the franchise and excise tax is calculated – we’re moving to a different system. […]
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