(Jackson, MS): The Mississippi Center for Public Policy today released a policy paper reiterating the case for abolishing the state income tax.
"It's time to give Mississippi a boost and get our state growing," said Douglas Carswell, President & CEO of the Mississippi Center for Public Policy. “Abolishing the state income tax would give every Mississippi worker a pay raise. It would mean they had more money to spend on their priorities and families.”
“With Mississippi’s budget in a record $ 1 billion surplus, now is the time to do it” he went on to explain. “Let’s not wait for politicians to figure out new ways to spend that surplus. Let’s use it to allow workers to keep more of their own earnings.”
MCPP's "Axe the Tax” campaign is set to popularize the argument in favor of giving Mississippi a tax break through the abolishment of the state income tax. The report highlights many key points of the argument, including:
While it failed to pass in the 2021 legislative session, it is likely the issue of income tax abolition will be featured prominently in the 2022 session. MCPP hopes to see cooperation between state leaders ahead of this and offers these recommendations to see a successful process:
The Mississippi Center for Public Policy believes repealing the Mississippi income tax would be both a moral and economic good, leading to higher incomes, competitiveness, and prosperity for all Mississippians.
You can read the FULL REPORT HERE.
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