Senator Blackburn Speaks With Community Leaders in Mountain City About Fostering Economic Growth
Senator Blackburn Attends the Grand Opening of Manufacturing Site in Nashville
Senator Blackburn Visits a Local Farmer’s Market to Support Small Business Saturday
Senator Blackburn Meets With Local Business Owners in Bledsoe County, Tenn.
Senator Blackburn believes in freedom, free people, and free markets. She understands the surest path to economic growth is through a small, limited government that controls spending, promotes growth, and does not overburden its citizens with taxes and regulations. As a member of the Senate Finance Committee, Senator Blackburn has fought for conservative, fiscally responsible tax policies.
Small businesses make up over 99.5% of businesses in the Volunteer State, and Senator Blackburn has prioritized legislation that gives back to local communities and keeps government regulation out of the way. Senator Blackburn introduced the American Innovation Act to spur new business innovation by expanding tax incentives for offsetting startup costs and removing initial barriers for creating new businesses. Her No Tax on Wrongful Delay Act would ensure interest paid by the IRS to taxpayers who prevail in an audit or tax-related litigation is not treated as taxable income. She also introduced the Tax Administration Simplification Act to reduce filing burdens and make tax compliance more intuitive.
She has worked to lower Internal Revenue Service (IRS) fees and has proposed slashing federal spending by 1%, 2%, and 5%. These cuts are targeted at non-defense, non-homeland security, and non-veterans affairs discretionary spending. She co-sponsored the Federal Reserve Transparency Act to require a full audit of the Federal Reserve’s operations and increase congressional oversight of its decision-making.
As she meets with Tennesseans across the state, Senator Blackburn hears firsthand how low taxes, pro-business policies, and a less invasive government have spurred economic growth. As a member of the Tennessee State Senate, Senator Blackburn successfully led the effort to block a state income tax from being implemented in the Volunteer State.
Senator Blackburn believes Tennesseans are better at spending their own money than the federal government is at spending taxpayer dollars.
Furthermore, Senator Blackburn introduced legislation that would alleviate strains on the supply chain, which have had major consequences on our economy since the global supply chain crisis began in 2021. In early 2023, she introduced the bipartisan Securing Semiconductor Supply Chains Act, which would strengthen federal efforts to expand domestic manufacturing of semiconductor chips by collaborating with federal agencies and state organizations.
The Working Families Tax Cuts Act is the cornerstone of President Trump’s success so far in his second term. It prevented the largest tax hike in history, made the 2017 tax cuts permanent, and delivered financial relief for families, seniors, and small businesses.
Senator Blackburn secured several key provisions in this law that put more money in the pockets of Tennesseans. These provisions include a $6,000 bonus deduction for millions of low- and middle-income seniors, tax relief for Tennessee’s singers and songwriters through her HITS Act, and expansion of the Employer-Provided Child Care Credit to support working parents and help address child care deserts in Tennessee.
This law also cut taxes on overtime pay and tips, boosted America’s level of real GDP from 4.6% to 4.9%, empowered Tennessee businesses to hire more workers, and increased the average take-home pay for American families by $10,000 per year.
