First Consul Tate Reeves issued the following statement.
Today, Governor Tate Reeves announced his Fiscal Year 2022 Executive Budget Recommendation.
In the budget documents, Governor Reeves proposes to eliminate the
income tax for Mississippians. The elimination of the income tax would
save a Mississippian making $40,000 nearly $2,000. As Lt. Governor,
Reeves passed the “Taxpayer Pay Raise Act,” that began the phase-out of
the 3% income tax. FY 2022 is the first year for the 3% income tax to
be completely eliminated and is the right time to begin a complete
phase-out of the income tax.
“Because this plan is a phased approach, we will be able to ensure
adequate funding will be available for education, law enforcement,
health care, and transportation priorities,” Governor Reeves said. “It
will not be necessary for us to increase other taxes in order to make up
for lost revenue from the elimination of the income tax.”
The budget summary also highlights funding the police, protecting small
businesses, creating a Patriotic Education Fund, supporting quality
education, increasing workforce development, funding the Coronavirus
response, funding the judiciary, and protecting the integrity of
Medicaid.
In his budget, Governor Reeves is recommending $2 million to train and
prepare teachers across the state in computer science courses to provide
K-12 students with coding, cyber training, robotics, and artificial
intelligence skills. The Governor is also recommending $3 million to
fund more coaches to target math.
“We have seen the success of reading coaches as a tool to boost the
early learning for our children. We need to accelerate recent successes
in results for math – setting children up for success,” Governor Reeves
said.
Governor Reeves is also proposing $50 million in one-time funds to
accelerate workforce growth. Those funds would be used to facilitate
six specific goals as listed in the budget: 1) Modernize and expand
community college training programs, 2) Provide scholarships or wage
assistance to help low-income citizens get into training programs or
apprenticeships, 3) Develop the right industry certified credentials or
programs in high-school, 4) Grow Mississippi’s path of IT-based skills,
5) Expand dual credit programs in high-schools, and 6) Incentivize
career technical courses in high-schools.
“I have always promised to be a good steward of the taxpayers’ dollars,
and this budget reflects that commitment to each of you,” Governor Tate
Reeves said.
The full budget and an executive summary of key priorities can be found here.
15 comments:
Heck no
lol PR stunt. They only cut takes on their wealthy donors’ businesses. The peasants get nothing.
lets just suckle a little bit more at the 'sugar teat' of the US govermnent...
Le-sigh
He literally copied Bobby Jindal's economic playbook and we know what kind of shit show he ran in Louisiana.
Add fuel to the fire, it's kinda ironic Tater's loading MDOC with Louisiana political cronies.
Welp Mississippi you get what you vote for.
424 - obviously you know nothing about the MS State Income Tax. It is highest on the low income side. Caps at 5% of income, but started at 3% for those making 10,000 a year.
An income tax cut in MS is not a big deal for those "wealthy donors" you have learned to use as a PR line from you AOC democratic buddies. The 3% elimination last year was a benefit to the very low income; if the legislature will follow suit from this recommendation, the middle income folks can actually get a nice cut.
But - we appreciate your thoughts. Next time try to make them relevant.
I think I like the idea of phasing out the income tax. That would even benefit the peasants (who work). But, I would like to see something about what that would mean to the state coffers (incrementally, year by year until fully phased out) and what source of money would replace it.
Gunn was hawking the same proposal on Super-Squawk a month ago. Will this be cooperative deal or will they both be jockeying for credit?
Eliminating the state income tax would provide (even) more incentive to moving from Memphis/Shelby county (no TN income tax) into DeSoto County, one of the few parts of the state that is growing in population
What taxes go up to make up for 35% of revenue?
Dang, surprised he didn’t put it on the ballot to let the voters decide. Good gesture Governor!
the people decide. However he means well!
7:49 - Your suggestion is nonsense. Well, unless Biden squeaks in and provides those people with mortgage vouchers.
Should make it optional so the self-loathing Belhaven types can keep on paying.
918 - 35%!!
Where did you dig up that number? No way the personal income tax approaches that % of the budget.
And - the part it does contribute doesn't have to be made up. There is a concept of holding down spending, especially with today's IT availability.
Growth of the economy and holding down spending- yes, a concept that is foreign to many - allows for elimination of some revenue sources rather than a constant increase.
How would taking 33% out of the state budget work exactly? https://www.dor.ms.gov/Statistics/Annual%20Reports/MSDOR%20Annual%20Report%20FY%202018.pdf (You have to scroll through pages and pages of recognizing the MDOR Staff, but that info in in this report.)
7;04 - It isn’t my budget, but I am one of “those people” who moved from a Memphis suburb in Shelby County, TN to DeSoto County (and there are quite a few of us). The cost of living and quality of life are better on the MS side of the state line, but the income tax does cause a hit to the paycheck. I suppose a “mortgage voucher” would help with that.
I lived in Jackson area for a few years after college and have continued to follow this site.
10:54 - If you're looking for a 'mortgage voucher', you're not really the type of neighbor we want down here in the South. Go back to Memphisto.
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