Rep. Zakiya Summers encourages Mississippi legislators to create a fairer and smarter tax policy, not just more tax cuts for the wealthy.
Mississippi Gov. Tate Reeves signed an income-tax cut into law that will eliminate $524 million from state revenues.
The Mississippi Senate approved legislation to reduce the state income tax by hundreds of millions of dollars, despite caution from opponents who questioned the wisdom of doing so while education, roads and other public infrastructure remain critically underfunded.
Mississippi will raise more than $50 million for K-12 schools, colleges and universities by the end of its first full fiscal year on June 30. The education funding comes on top of $80 million that the lottery already raised this year for roads and bridges.
More than half of working Mississippians would no longer pay state income taxes starting next year under a bill Republican House Speaker Philip Gunn touted today as “probably the most extraordinary policy change that we’ve ever done—at least in my book.”
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