Mississippi legislators return to the Capitol on Tuesday, and their three-month session could be dominated by debates over taxes.
Mississippi legislators return to the Capitol on Tuesday, and their three-month session could be dominated by debates over taxes. (Photo: AP News)
Legislators Of Mississippi Could Debate Another Tax Cut This 2023
Mississippi legislators have returned to the Capitol on Tuesday, and their three-month session could be dominated by discussions over taxes.
As stated by AP News, this is the last of a four-year term. It’s expected for most members of the Republican-controlled House and Senate to seek reelection, however the Republican speaker of the House, Philip Gunn, announced months ago that this will be his last year in office.
During the session in 2022, legislators passed and Republican Gov. Tate Reeves had a plan to reduce the state income tax over four years — the state’s greatest and largest tax cut ever. That reduction will begin this year.
Mississippi legislators return to the Capitol on Tuesday, and their three-month session could be dominated by debates over taxes. (Photo: AP News)
Debate of Another Tax Cut Could Happen Again This 2023
Gunn wants legislators to finish the job of eliminating the income tax this year. He points to a budget estimate that shows Mississippi with a surplus worth about $1 million.
Gunn said it’s time to give some of that back to the citizens. The money belongs to the people. Every bit of money we have is the citizen’s money. And with inflation costs which requires more money, it’s time to put some of it back, he added.
He wants to provide rebates to people who have paid state income tax, at a cost of about $270 million. This wouldn’t erase the income tax permanently. Republican Lt. Gov. Delbert Hosemann said in a different pre-session interview that he has another plan for taxes.
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