- Anyone from Tennessee or friends, all invited. ... From: Tennessee Tax Revolt Sent: Sunday, February 29, 2004 7:21 PM Subject: Its TIME to go on Offense SorryMessage 1 of 1 , Feb 29, 2004View SourceAnyone from Tennessee or friends, all invited.----- Original Message -----From: Tennessee Tax RevoltSent: Sunday, February 29, 2004 7:21 PMSubject: Its TIME to go on OffenseSorry for sending another email but this meeting is VERY important! Why? Because, for 4 years, we were on defense, fighting all the backroom attempts to pass an income tax. Now we have an opportunity to go on offense and make a change that will stop the run away spending that is the root cause of the problem. If this change had been made 4 years ago it would have forced the very same spending cuts and TennCare reform that are occurring only now. The delay has cost TN Taxpayers hundreds of millions of dollars. Its time to go on offense. Please be there if you can:Taxpayer Bill of Rights Townhall MeetingTuesday Mar 2 10:00AM-NoonDowntown Nashville Sheraton - Davidson Room623 Union (hotel with the round restaurant on top)Speakers:Congresswoman Marsha BlackburnSteve Moore, President of Club for Growth and a fellow with the Cato InstituteSenator John Andrews, President of the Colorado State SenateMatt Kibbe, Executive Vice President of Citizens for a Sound EconomyDrew Johnson, Policy Analyst with the National Taxpayers UnionSenator Jim Bryson, Primary Senate SponsorRepresentative Glen Casada, Primary House SponsorThe Taxpayer Bill of Rights is a proposed amendment to the Tennessee state constitution. This amendment has three major provisions:1- Cap the rate of growth in state spending at the combined increase in population and inflation.2- Require all new taxes to be directly approved by voters.3- Revenue growth in excess of the Cap will be refunded to taxpayers.This purpose of this meeting is to inform Tennesseans about this very important amendment.Some Background:
-- Tennessee was the first state in the nation to pass a constitutional amendment to limit state expenditures.
-- The concept of limiting the growth in state spending has always been popular in Tennessee and the people of Tennessee easily passed the “Copeland Cap” constitutional amendment in 1978.
-- The Copeland cap limited the growth in state spending to the growth in personal income of Tennessee citizens.
-- Unfortunately, the Copeland Cap can be overridden by a simple majority vote of the General Assembly. The Copeland Cap has been overridden 11 of the last 17 years by over $3 billion. The Copeland Cap has not been effective in limiting the growth in state spending.
-- The Taxpayer Bill of Rights amendment will strengthen and extend the Copeland Cap so that it will effectively make the government accountable to taxpayers. The three main provisions of the Taxpayer Bill of Rights are:
1- Cap the rate of growth in state spending at the combined increase in population and inflation.
2- Require all new taxes to be directly approved by voters.
3- Revenue growth in excess of the Cap will be refunded to taxpayers.
-- If the Taxpayer Bill of Rights had been in effect during the last 5 years TennCare would have been addressed MUCH sooner and taxpayers would have been spared the $1 billion dollar sales tax increase in 2003 and the debate over new taxes like the income tax.