House leaders want a sweeping income tax overhaul, but Senate leaders want to take a more cautious approach. They are now criticizing each other’s plans and trying to guess how big of a tax cut Mississippi can afford.
by Bobby Harrison, Mississippi Today February 15, 2022 Numbers crunched at the state Senate’s request by the Legislative Budget Office show a House income tax elimination plan would cause a huge budget hole starting in its second year. But House leaders say those projections discount booming state revenue, and a modest Senate tax cut plan would not give taxpayers real relief at a time when state coffers are full.
This article first appeared on Mississippi Today and is republished here under a Creative Commons license.
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