New Tax Pause To Fight Inflation

Here’s what some states want to do to fight inflation.

A handful of states are now considering to temporarily lift taxes on groceries to help ease the rising costs due to inflation.

According to Fox, currently inflation sits at a decades high 8.5% and the cost of food has risen by an astounding 8.8% in March.

Now 13 states are considering lifting taxes on groceries to help ease the pain of their states’ residents.

Tennessee Republican Gov. Bill Lee at the end of March issued a 30-day suspension of the 4% state and local grocery sales tax.

Lee explained, “As Americans see their cost-of-living skyrocket amid historic inflation, suspending the grocery tax is the most effective way to provide direct relief to every Tennessean. Our state has the ability to put dollars back in the pockets of hardworking Tennesseans.”