Mississippi lawmakers pass largest-ever state income tax cut
Source: Associated Press
JACKSON, Miss. -- Mississippi, one of the poorest states in the nation with perpetually underfunded schools and struggling rural hospitals, had its largest-ever tax cut passed by lawmakers Sunday.
The Republican-controlled state House and Senate voted by wide margins to pass a bill that would reduce the state income tax over four years, beginning in 2023. The bill goes to Republican Gov. Tate Reeves. He has indicated he will sign it into law.
"This affects every Mississippian that gets up and goes to work," Senate Finance Committee Chairman Josh Harkins, a Republican from Flowood, said Sunday.
Supporters say a significant tax cut could spur economic growth and attract new residents to Mississippi, which was one of three states that lost population during the decade before the 2020 Census.
Read more: https://www.sandiegouniontribune.com/news/nation-world/story/2022-03-27/mississippi-lawmakers-pass-largest-ever-state-income-tax-cut
Looks like Mississippi Republicans never learned the lesson that voodoo economics doesn't work, has never worked, will never work.
Guess they want to ensure that Mississippi wins the battle with West Virginia for poorest state in the country. Yeehaw!
Once those education cuts kick in, the kids will probably be calling the state Missippippi.
Bleacher Creature
(11,256 posts)Traildogbob
(8,731 posts)Hurricanes and floods wreck havoc, guess they will be expecting some socialism Help from all the states that pay fed taxes.
TeamProg
(6,124 posts)no_hypocrisy
(46,088 posts)mockmonkey
(2,815 posts)Skittles
(153,160 posts)jmowreader
(50,557 posts)You have to spend money to attract new residents and new investment. You need good roads and good schools, good hospitals, good infrastructure. Ain't no one gonna go "If I move to Mississippi I'll spend all the money I save on taxes buying new shock absorbers, the newest high school math textbooks have a question that starts "a plumber makes a dollar a day" and the closest decent hospital is in Alabama, so I'm a-gonna move there!"
Delphinus
(11,830 posts)When will we ever learn?
AverageOldGuy
(1,523 posts). . . Forrest Gump's momma observed: "Stupid is as stupid does."
I'm a native Mississippian who left the state in the early 1960's and have not returned except for the occasional funeral.
Samrob
(4,298 posts)take care of their own citizens. Remember Trump complaining about NATO countries not paying their share of expenses to protect themselves. Same thing should go for states. Certain things ought to be paid for by the residents of states. If you keep building on flood planes, your state should pay for your catastrophe.
ificandream
(9,372 posts)pfitz59
(10,376 posts)Poster child for inbreeding.
sinkingfeeling
(51,454 posts)Mississippi already gets 42% of its revenue from federal dollars.
https://smartasset.com/taxes/states-most-dependent-on-the-federal-government-2021-edition
modrepub
(3,495 posts)Why pay for yourselves when you can make someone else do it. Ever wonder why they're called "red" states? (Socialism/Communism symbolic color; hint, hint...nudge, nudge...say no more)
Would also be nice for states that hand out tax exemptions to "attract business" get a dollar for dollar reduction in federal monies.
sakabatou
(42,152 posts)The quality of your public schools drives property values
crappy schools = crappy property values
The quality of your infrastructure drives industry
crappy infrastructure = who the hell wants to move their business there
bucolic_frolic
(43,146 posts)Quality of life is everything.
SWBTATTReg
(22,114 posts)want to improve things in Mississippi, then they are going to have to spend some money. People don't just move into an area if there is nothing there, no decent schools, no active and proactive government body to push thru progressive agendas, or bring good paying jobs to the state, etc. As a fellow DUer said, another KS (Kansas) experiment. A doomed experiment.
IronLionZion
(45,433 posts)taxes are the problem keeping Mississippians poor.
Tactical Peek
(1,208 posts)that a gang of hissing possums in a barn can even get a meeting called to order, much less coordinate setting the barn on fire with them in it.
SKKY
(11,804 posts)...48th in Infrastructure, 44th in Opportunity, and 41st in Fiscal Stability. Hard to see how this helps improve any of that, but perhaps that's not the point.
Aristus
(66,328 posts)For real?
Why anyone would voluntarily move to that shithole is beyond me.
Rabrrrrrr
(58,349 posts)because all their states are on federal welfare, and they just keep demanding more (paid for by blue states) while at the same belittling and bad mouthing all those blue states for, I don't fucking know, some buncha made up shit that doesn't matter and isn't true but makes them (the red states) feel real good about wallowing in the mud of their own ignorant fuckery.
Why do Republicans think people on welfare just want more and more? Because that's exactly what they (Republicans) do. So much projection.
I wish they'd be honest.
Republican: people on welfare will just keep demanding more while getting more and more lazy!
Human people: How do you know that?
Republican: Because that's exactly what we do! Also, all those libtards are pedophiles!
Human people: How do you know that?
Republicans: Because that's what we do, so they must, also!
DFW
(54,369 posts)"We're broke, and we want the rest of the country to fund us. To make sure we are being understood, we are eliminating one of the last sources of revenue that we had left."
Mississippi is setting up a special website: "You Had BETTER Go Fund Me," or we'll flood Alabama, Louisiana, Arkansas and Tennessee with refugees, and we have brought in expert advisers from Syria to show us how it's done! GO TAKER STATES!
Marthe48
(16,949 posts)Of course, they are more entitled to a better standard of living than the people who voted for them.
SWBTATTReg
(22,114 posts)They're not paying their fair share, and they expect the rest of us in the remaining 49 or so states to make up for it. It's like going on a date, dutch, and then one of you doesn't pay their fair share (at which point the smarter one of the two of you should leave).
sarcasmo
(23,968 posts)nvme
(860 posts)I have never met nicer people than Mississippians. They waved to me as I drove down the road. The said good morning when I made eye contact. They were as hospitable as all get out. I left because the Jackson water company would send me letter almost monthly advising me the water exceed EPA standards for lead and copper content. I the potholes were scary. I saw potholes that could take out your axle within a few blocks of the governor's mansion. I saw abandoned blighted businesses and houses all over the city of Jackson. The water company itself is located in a semi abandoned shopping mall (it is like the only tenant). The mall looked like what you would expect on "The Walking Dead". The water lines are still screwed from the Valentine's 2021 freeze. The mayor cries because he can't replace the water system. THANK GOD GOVERNOR TATER-TOT GAVE A TAX CUT TO REDUCE FUNDING FOR STATE.