Mississippi Democrats Kill Tax Relief
Here they go again. Democrats in Mississippi are once again proving by killing tax relief intended for hard-working Mississippians that you can either be a conservative or a Democrat but you can’t be both anymore.
Earlier today, House Democrats voted almost unanimously to kill the largest tax cut in state history. The $555 million tax relief plan would have, among other things: eliminated the 3 percent and 4 percent tax brackets levied on income, reduced the overall tax burden on small business owners, and removed the investment penalty, or franchise tax, on businesses’ property and capital. Eliminating the franchise tax alone would have grown the state’s GDP by $282 million and added 3,514 jobs within 10 years, according to a Mississippi State University study.