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Tag Archives: taxes

BILL CRAWFORD — Tax needs vs. tax cuts bedevils legislators

With legislators looking at taxes, some of us should be worried, some thrilled.   The need to study taxes results from weakening tax revenues along with a sluggish economy, and also because the largest tax cut in state history is pending.   Legislative leaders know they need a consistent, dependable tax base to fund state government. Republican legislators, now a ...

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BOBBY HARRISON: Taxes make possible the best of government work

A reader emailed to point out that while reporting that the 3 percent tax on insurance premiums was a growing source of revenue for a beleaguered state budget, I did not explain that the levy most likely was resulting in people having to pay more for insurance. Granted, taxes do not occur in a vacuum. They cost somebody extra money ...

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Insurance premium tax only bright spot in state’s revenue stream

By BOBBY HARRISON Surging revenue from Mississippi’s tax on insurance premiums has prevented what has been a dismal year for state revenue collections from being even worse. While state revenue collections for the fiscal year that ended June 30 are down year over year for only the fourth time since at least 1970, revenue from the 3 percent tax on insurance ...

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BILL CRAWFORD — City and county taxes need study too

Legislative leaders, having passed one of the largest tax cuts in state history, now say they will conduct a comprehensive study of Mississippi’s tax structure.    “This session we had proposals that were just all over the map — proposals to reduce the grocery tax, proposals to eliminate the franchise tax — sales taxes, corporate income taxes, a whole host ...

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RUSS LATINO — What is conservative about raising taxes?

Americans for Prosperity’s (AFP) driving point in the gas tax debate is simple: prior to raising taxes, the state should make a real effort to find savings within the Mississippi Department of Transportation’s existing $1.2 billion budget and our state budget, as a whole. In his latest column, Bill Crawford argues that instead of opposing a gas tax increase, AFP ...

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BILL CRAWFORD — Conservative tax plan needed for road and bridge repairs

Yes, the Mississippi chapter of Americans for Prosperity is right that we don’t need excessive new taxes for road and bridge repairs.  So, yes, the Mississippi Senate was right to kill the eight percent sales tax hike on fuel proposed by Senate Transportation and Highways Committee Chairman Willie Simmons.    But, Americans for Prosperity is wrong that we don’t need ...

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New poll shows Mississippi voters back higher gas taxes for roads, bridges

By TED CARTER A poll released Feb. 29 reports bi-partisan support among Mississippi voters for raising motor fuels taxes to help maintain the state’s highways and bridges. Magellan Strategies BR’s automated telephone survey shows 43 percent support from Republican voters and 42 percent from Democrats. The pollsters surveyed “likely” voters in the state’s March 8 presidential primaries. A total of 995 ...

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BILL CRAWFORD — Fuel tax issue will show Republicans can lead, or not

The Governor, Lt. Governor and Legislators started new four-year terms this month. Most are returnees. Most are Republicans. The main difference between now and four years ago is that Republicans now hold “super” majorities in both the House and Senate. That means they can pass revenue, tax, and bond bills (along with general and appropriations bills) with Republican votes only.   ...

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Supervisors Association says counties shorted in transportation funding plan

By TED CARTER The organization that represents the boards of supervisors for Mississippi counties says counties need much more than a 10 percent share from a proposed $375 million annual allocation for roads and bridge maintenance. The plan presented by a 24-member task force created by the Mississippi Economic Council would give counties and cities $75 million annually from the $375 ...

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Tax-deduction extensions a relief for firms

By BECKY GILLETTE  Small businesses went through most of 2015 without knowing whether business tax provisions would be extended – allowing bonus depreciation which lets businesses deduct up to half the cost of eligible equipment placed in service in 2015, and Section 179 expensing that allows the expense of up to $500,000 of eligible equipment placed in service in 2015. ...

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