If the economy grows, the income tax cut will become more expensive in absolute terms -- as will the cost of education, infrastructure, and other public services.
Mississippi lawmakers are playing a game of one-upmanship when it comes to tax proposals, but the biggest losers could be taxpayers if lawmakers enact one of the more ill-advised plans.
The Legislature's tax cut proposals would require spending reductions for key services like education, infrastructure, mental health, and public safety.
Eliminating the individual income tax would mean either a massive erosion of resources for education and other priorities or a tax shift from wealthy Mississippians to working families who are struggling to make ends meet.
If the Legislature phases out the state's second-largest revenue source, future budgets will be forced to slash essential investments or raise taxes and fees on low- and middle-income families.
Forbes ranked Mississippi the worst state for business because of a poorly-educated workforce and substandard quality of life factors. Durable investments are needed, not more corporate tax cuts.
Nearly 10 out of every 1,000 children do not survive their first year of life, making Mississippi one of the riskiest places to be born in the developed world.
28.7 percent of Mississippi children do not have consistent, dependable access to nutritious food at home. The high-poverty community eligibility provision has extended school meals to thousands more Mississippi students, but hundreds of eligible schools still have not signed up.
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