Home » Tag Archives: taxes (page 5)

Tag Archives: taxes

D.C.-based tax policy group has ear of legislative leaders

By BOBBY HARRISON The study committee formed in the summer by House Speaker Philip Gunn and Lt. Gov. Tate Reeves to make recommendations to the full Legislature on possible changes to the state tax structure apparently will depend on the Washington D.C.-based Tax Foundation for most of its information. The specially appointed committee, consisting of legislators and a representative of Gov. ...

Read More »

BILL CRAWFORD: Individual taxpayers should be wary of tax reform schemes

  Legislative leaders brought in an outside expert from the Tax Foundation to push the theory that Mississippi needs to make its business taxes more competitive. She argues lower business taxes, offset by higher user fees, property taxes and expanded sales taxes, will make Mississippi more competitive for business and jobs.    While this approach may make the state more ...

Read More »

Mississippi’s poor pay more in taxes, report says

By BOBBY HARRISON Mississippians earning between $15 and $26 per hour pay 10.8 percent their income in state and local taxes while those earning more than $306 per hour pay 5.3 percent, according to information presented to legislative Democrats on Wednesday. The minority Democrats in the Mississippi Legislature held hearings Wednesday counter to “working groups” formed by House Speaker Philip ...

Read More »

Gov. Bryant believes he’s done cutting budget this year

By BOBBY HARRISON Daily Journal Gov. Phil Bryant says he does not anticipate having to make any more budget cuts this year to offset sluggish revenue collections. “I think we are in good shape right now,” the Republican governor said recently. “We are within the revenue number.” Bryant said any issues dealing with the budget for the current fiscal year ...

Read More »

Study finds state’s revenue growth slowing

By BOBBY HARRISON Despite the fact that Gov. Phil Bryant and legislators have been struggling with declining tax revenue and budget cuts, Mississippi is one of 29 states where collections, when adjusted for inflation, have rebounded to new peaks since what is known as the Great Recession of 2008-09. A report by the Pew Charitable Trust, released earlier this month, ...

Read More »

BILL CRAWFORD: Are big money tax policies best for Mississippi?

As tax collections continue to falter, threatening more mid-year budget cuts, our legislative leaders scurry to shore up the brilliance of their tax cut agenda.    They brought in an “outside expert” to say they’re on the right track.    Nicole Kaeding, an economist with the Tax Foundation, told them that adding more consumption taxes and reducing corporate taxes is ...

Read More »

Report on state revenue completion lagging

By BOBBY HARRISON With the month of September quickly approaching, the report detailing Mississippi revenue collections for the month of July is still not complete. Normally, the staff of the Legislative Budget Committee has the monthly reports completed within a few days of the end of the month. But the July report has created unique problems. Debbie Rubisoff, director of the ...

Read More »

3 companies owe Lowndes County $411K in back taxes

Lowndes County is hoping to recover more than $400,000 in owed taxes from three companies. The Commercial Dispatch reports the board of supervisors granted permission to Tax Assessor Greg Andrews the week to pursue the taxes, which are owed by KiOR, CalStar and Southern Wood Fiber. Andrews said he’s spoken to Mississippi Auditor Stacey Pickering about the matter, and has ...

Read More »

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 ...

Read More »

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 ...

Read More »