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Tag Archives: tax cuts

Jury out on whether tax cuts have resulted in more investing

By BECKY GILLETTE The recent GOP tax cuts have put more money in the pockets of some workers who are now having less federal tax deducted from their paychecks. And some taxpayers such as those with Subchapter S corporations might end up with a windfall because of changes in the tax law. It has been estimated that three quarters of ...

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State’s federal delegation praises GOP tax overhaul framework

By CALEB BEDILLION / Daily Journal  Guidelines for tax reform released last week by the White House and congressional leaders are winning praise from most of Mississippi’s federal lawmakers. President Donald Trump’s administration and key committees from the U.S. House and Senate have released a set of guidelines that sketch out a rough draft of legislation intended to overhaul the ...

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BILL CRAWFORD — Will tax cuts ease economic distress and health disparities?

The 13-state Appalachian Regional Commission just released its latest county economic status rankings. Mississippi has 24 ARC counties with 12 ranked “distressed,” nine “at-risk,” three “transitional,” and none “competitive” or “attainment.” Rankings did not change from last year.   What do these rankings mean? ARC calculates the economic status of counties based on unemployment rates, per capita market income, and ...

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Despite declining revenues, Mississippi makes $415 million in tax cuts over 12 years

Democrats provided the crucial votes Monday in the Mississippi Legislature to approve $415 million in tax cuts, with some lured by the promise of construction projects paid for with borrowed money. The House voted 73-44 Monday to approve a House-Senate agreement on Senate Bill 2858, with the Senate voting 36-14 to send it Gov. Phil Bryant for his approval or ...

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BILL CRAWFORD — “Crazy” to count on tax cuts to generate growth

  Mississippi tax revenues are running short, so obviously it’s time for a big tax cut. Huh? Yeah, despite a projected $65 million revenue shortfall this year, Lt. Gov. Tate Reeves has pushed his massive $577 million tax cut proposal through the Mississippi Senate. Reeves argues his plan to phase out the corporate franchise tax, reduce individual and corporate income ...

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