Home » Tag Archives: Mississippi Economic Policy Center

Tag Archives: Mississippi Economic Policy Center

Gunn to seek phaseout of personal income tax

JACKSON — In a game of escalating tax-cut proposals, House Speaker Philip Gunn, R-Clinton, will propose the biggest so far: a $1.7 billion phaseout of Mississippi’s state personal income tax over more than a decade, a top legislator said late Monday. » RELATED — Gunn backs $1.38B plan to phase out personal income tax House Ways and Means Committee Chairman Jeff ...

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Reeves to propose cutting franchise tax today

JACKSON — Embracing one of the business community’s long-held tax reduction goals, Lt. Gov. Tate Reeves will propose eliminating the franchise tax on business capital Tuesday as part of a larger package of tax cuts. Senate Finance Committee Chairman Joey Fillingane, R-Sumrall, confirmed to The Associated Press that Reeves will propose on Tuesday a phased-in elimination of the $220-million-a-year franchise tax. ...

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RETIREMENT VERDICT — Study panel says report is prescription for sustaining state public workers’ retirement

The strategy is to structure benefits consistent with a  policy that encourages workers to stay on the job until age 62 “All the cards are on the table face up.” So went the pronouncement of Gov. Haley Barbour last week in detailing a 40-page report that calls for saving over $100 million annually in taxpayer contributions to the Public Employees ...

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Study: Mississippi spends $154 million per year on teen pregnancy

Mississippi’s teen pregnancies cost taxpayers more than $154 million annually, a new study says, the greatest losses occurring due to lost tax revenues, incarceration and foster care. The state has the highest rate of teen pregnancies nationwide, and reducing that percentage is now the top priority of the Women’s Fund of Mississippi, the group that released the study conducted by ...

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Teen pregnancies cost Mississippi $154M a year

Mississippi’s teen pregnancies cost taxpayers more than $154 million annually, a new study says, the greatest losses occurring due to lost tax revenues, incarceration and foster care. The state has the highest rate of teen pregnancies nationwide, and reducing that percentage is now the top priority of the Women’s Fund of Mississippi, the group that released the study conducted by ...

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Report urges action for state’s un-banked

Mississippi households without checking accounts are double the national average, says a Mississippi Economic Policy Center report that urges the financial sector and communities to initiate more financial education among youngsters and adults and create more access to banking services. The report calls for several actions its authors think can transform more Mississippians into consumers of financial services while increasing ...

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House banking panel OKs payday-lending extension

By Ted Carter A 7-year renewal of Mississippi’s payday lending law – including a $100 increase in the amount that can be transacted — received an endorsement Tuesday from the state House’s Banking and Finance Committee. Bill sponsor Rep. George Flaggs, a Vicksburg Democrat and chair of the Banking and Finance Committee, said the bill is set for a floor ...

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Nearly 75% of Miss. workers without postsecondary degree

JACKSON — Almost 75 percent of Mississippi’s working-age adults do not have a postsecondary degree, according to the Mississippi Economic Policy Center (MEPC). This finding is included in a recently released study by MEPC on workforce development in the state and ways to build more seamless pathways to postsecondary education and higher wages for workers. “The most important part of ...

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