Mississippi lawmakers pass largest-ever state income tax cut

[88m3]

Mississippi lawmakers pass largest-ever state income tax cut



@the next guy

 

[OfTheCross]

Supporters say a significant tax cut could spur economic growth and attract new residents to Mississippi, which was one of three states that lost population during the decade before the 2020 Census.

 

[Geek Nasty]

Kansas tried this bullshyt and destroyed the budget

 

[dora_da_destroyer]

Hope all the “take back the south” brehs jump on this!

 

[mastermind]

This will become a failed state

 

[Voice of Reason]

Hope all the “take back the south” brehs jump on this!

They will just raise consumer taxes.



And why are you so against the "Take back the South" idea?

 

[Yapdatfool]

If you got money fukk it invest in sum out there

If the infrastructure is shyt why even bother?

 

[bnew]

Kansas experiment - Wikipedia

The Kansas experiment refers to Kansas Senate Bill Substitute HB 2117, a bill signed into law in May 2012 by Sam Brownback, governor of the state of Kansas.[1] It was one of the largest income tax cuts in the state's history,[2] which Brownback believed would be a "shot of adrenaline into the heart of the Kansas economy".[3]

The cuts were based on model legislation published by the conservative American Legislative Exchange Council (ALEC),[4][5][6][7] supported by supply-side economist Arthur Laffer,[8] and anti-tax leader Grover Norquist.[9] The law cut taxes by US$231 million in its first year, and cuts were projected to total US$934 million after six years,[10] by eliminating taxes on business income for the owners of almost 200,000 businesses and cutting individual income tax rates.[10] Brownback compared his tax policies with those of Ronald Reagan, but also described them as "a real live experiment",[11] and had predicted that by 2020 they would have created an additional 23,000 jobs.[2]

However, by 2017 state revenues had fallen by hundreds of millions of dollars,[12] causing spending on roads, bridges, and education to be slashed.[13][14] With economic growth remaining consistently below average,[15] the Republican Legislature of Kansas voted to roll back the cuts; although Brownback vetoed the repeal, the legislature succeeded in overriding his veto.[16]

The Kansas experiment[17] has also been called the "Great Kansas Tax Cut Experiment,"[15] the "Red-state experiment,"[18] "the tax experiment in Kansas,"[19] and "one of the cleanest experiments for how tax cuts affect economic growth in the U.S."[20]

 

[bnew]

Federal Aid by State 2022

Here are the 10 states with the most federal funding per resident:

1. Virginia ($10,301)
2. Kentucky ($9,145)
3. New Mexico ($8,692)
4. West Virginia ($7,283)
5. Alaska ($7,048)
6. Mississippi ($6,880)
7. Alabama ($6,694)
8. Maryland ($6,035)
9. Maine ($5,572)
10. Hawaii ($5,270)

 

[BigMoneyGrip]

Mississippi lawmakers pass largest-ever state income tax cut



@the next guy

As if their tax base was huge and paid the most money in the country to begin with… This just means Mississippi will be an even more welfare state taking more from the federal post than contributing… Biden seriously need to cut their fed aid down to the amount Mississippi contributes it’s that simple

bet those cacs will repeal that tax cut

 

[BigMoneyGrip]

If you got money fukk it invest in sum out there

Ain’t shyt in that state to invest in

 

[banner34]

Deion sanders is going to help Mississippi grow in popularity.

 

[hashmander]

Deion sanders is going to help Mississippi grow in popularity.

"i lost my toes in the sip, you should too."

 

[Gritsngravy]

What industries are in Mississippi

 

[dora_da_destroyer]

What industries are in Mississippi

Shrimping