The “compromise” plan adds $170 million to the price tag — roughly as much as the Legislature underfunded K-12 education this year.
Updated Senate plan would cut $550 million in corporate and income taxes Read Post »
Will the Legislature mortgage the state’s long-term fiscal health for an election year boost? Check back for updates.
Ten things you should know about Mississippi’s tax cut plans Read Post »
If the economy grows, the income tax cut will become more expensive in absolute terms — as will the cost of education, infrastructure, and other public services.
Why 3 percent growth won?t really ‘cover’ the costs of eliminating the income tax Read Post »
Low- and middle-income Mississippians pay the state’s highest tax rates, but the Legislature has left them out of tax cut discussions.
House and Senate tax plans do little for struggling working families Read Post »
Mississippi lawmakers are playing a game of one-upmanship when it comes to tax proposals, but the biggest losers could be taxpayers if lawmakers enact one of the more ill-advised plans.
Income tax elimination could tank Mississippi’s already-poor economy Read Post »
The Legislature’s tax cut proposals would require spending reductions for key services like education, infrastructure, mental health, and public safety.
Mississippi cannot afford House or Senate tax cut plans Read Post »
Eliminating the individual income tax would mean either a massive erosion of resources for education and other priorities or a tax shift from wealthy Mississippians to working families who are struggling to make ends meet.
Wealthy Mississippians would benefit most from income tax elimination Read Post »
If the Legislature phases out the state’s second-largest revenue source, future budgets will be forced to slash essential investments or raise taxes and fees on low- and middle-income families.
Eliminating the state income tax in Mississippi: Is it a tax cut or a tax shift? Read Post »
Forbes ranked Mississippi the worst state for business because of a poorly-educated workforce and substandard quality of life factors. Durable investments are needed, not more corporate tax cuts.
Large corporate tax cuts are not the answer for Mississippi’s working families Read Post »
Low-wage jobs, inadequate savings, and the lack of proper financial tools keep many working Mississippians in a perpetual state of insecurity.
Many working Mississippians struggle to escape the poverty trap Read Post »
