Mississippi Senate and House reach income tax deal - cautious welcome

By Mississippi Center for Public Policy
March 26, 2022

Today the Mississippi Senate and House appear to have reached a compromise deal on income tax cuts.

Commenting on the news, President & CEO of the Mississippi Center for Public Policy, Douglas Carswell said:

“This tax cut is great news for Mississippi.  With the cost of living rising, exempting every Mississippi worker from paying income tax on the first $18,000 earned is welcome.”

“It is good that some of our state’s $1.2 billion surplus is being used to give taxpayers back some of their own money.  However, this package is more modest than we would like to have seen.

“This is a good first step but it is not full income tax elimination.  Under this proposal, in 2026 the legislature will still need to agree further reductions.” 

“There is a danger that the Mississippi government will not tax to get the money it needs, but finds a need for the money it gets”.

“While this a step forward towards eventual income tax elimination, Mississippi still needs bold, game-changing policy changes if our state is not to continue to rank 50th out of 50 states by many metrics”.

DONATE TO THE MISSISSIPPI PUBLIC POLICY FOUNDATION

Mississippi Center for Public Policy
520 George Street | Jackson, MS 39202
601.969.1300 — mail@mspolicy.org