Home » NEWS » Bryant's budget proposal includes income tax cut

Bryant's budget proposal includes income tax cut

Gov. Phil Bryant

Gov. Phil Bryant

JACKSON — Gov. Phil Bryant wants to cut income taxes for low-earning Mississippians as part of his 2016 budget proposal.

Bryant, a Republican, said today that he’s seeking a $78.7 million tax cut for families earning less than $50,000 a year.

It’s the centerpiece of his spending plan for the 2016 budget year, which begins July 1. Bryant is expected to seek re-election next November.

Bryant also wants to spend $3 million to pay community college tuition for students who graduate high school with a technical diploma, saying Mississippi needs more skilled workers.

Officials estimate Mississippi will have $6.2 billion to spend.

Legislative leaders will release their own proposal in December, and both will be considered when lawmakers convene in January. They have an April deadline to adopt a budget.

 

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

2 comments

  1. With the worst public and private schools in the nation, with bridges and highways in such condition that lives are threatened every day, with thousands of his citizens without health insurance, this cynical governor wants tax cuts to bolster his own chances for reelection! I hope he can sleep soundly and is prepared for Judgment Day.

  2. Gov. Bryant’s plan to cut taxes is an irresponsible and callous appeal to the worst instincts of Mississippians – personal gain at the expense of the greater good. Our state rates last or near last in too many categories to list and “extra” money could be used to at least make some attempt to address those serious issues for the benefit of ALL Mississippians and future generations of Mississippians to come. The extra money could be used to expand Medicaid (bryant has dismissed expanding the program by saying it is too expensive). It could be used to properly fund our schools, improve our deteriorating roads and bridges, fund programs that have a direct impact on improving the lives of our poorest citizens – which either directly or indirectly affects the qualty of life for all of us. BUT EVEN FAILING THAT, if there is “extra” money, you could make a reasonable argument that those surplus funds be returned to the federal government, which props up just about every institution in our state. Imagine if you borrowed money from a friend, then got a raise and decided to go out and buy a boat rather than paying off that loan. A person who did that would be considered a consummate ass. Is what Bryant proposes any different? Or does Bryant have the same sense of “entitlement” he uses to be dismissive of those poor Mississippians who rely on programs? A governor who is far more interested in visiting Israel than Itta Bena does NOT represent all of the people of our state. WE SIMPLY CANNOT ALLOW THIS TO HAPPEN. Silence is consent. This is an appeal to the conscience of every good and decent Mississippian. Let your voices be heard now and in the months to come. Contact the governor and contact your state legislator (the legislature has consistently supported everything the Gov. has proposed). This truly is a defining moment for our state. It is often difficult to have faith in our state. This is a chance to affirm the inherent goodness of our people. Let’s not fail for a lack of trying.

Leave a Reply

Your email address will not be published. Required fields are marked *

*