Mississippi, one of the poorest states in the nation with perpetually underfunded schools and struggling rural hospitals, had its largest-ever tax cut passed by lawmakers Sunday.
“This tax cut will make Mississippi one of the most work-friendly states in the nation,” said Republican House Speaker Philip Gunn.
Sen. David Jordan, a Democrat from Greenwood, said he is concerned legislators won't be able to pay for expected government services if the state cuts taxes.The Mississippi income tax accounts for 34% of state revenue. Wealthy people would see the biggest financial boost from eliminating the income tax, because they’re the ones paying the most now. The poorest residents would see no benefit because they are already earning too little to pay state income tax.
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