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 »
62 percent of Mississippi households do not have enough savings to weather a job loss or medical emergency.
For most Mississippi families, ‘middle class’ does not imply economic security Read Post »
High sales taxes place a disproportionate burden on low-income families, according report from the Institute on Taxation and Economic Policy.
Report: In Mississippi, lower income means higher state and local taxes Read Post »
28.7 percent of Mississippi children do not have consistent, dependable access to nutritious food at home. The high-poverty community eligibility provision has extended school meals to thousands more Mississippi students, but hundreds of eligible schools still have not signed up.
Despite revenue growth and full reserves, the Joint Legislative Budget Committee’s FY2016 proposal fails to adequately fund the state’s education and health commitments.
Budget recommendation shortchanges schools and Medicaid Read Post »
Despite $166 million in additional revenue, cuts are recommended for every major budget category except for the Mississippi Adequate Education Program, for which the proposal includes a very small increase for teacher pay raises enacted last year.
Unbanked and underbanked households typically operate in a cash-based system, and, as a result, do not have the same financial security and opportunities as those who bank with traditional financial institutions.
