AP: “Mississippi residents will pay lower income taxes in coming years as the state enacts its largest-ever tax cut.
Republican Gov. Tate Reeves on Tuesday signed a bill that will reduce the state income tax over four years, beginning in 2023.
Mississippi, one of the poorest states in the nation, has struggling rural hospitals and perpetually underfunded schools.
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. Opponents say reducing the income tax would mean less money for schools, health care, roads and other services, especially hurting Mississippi’s poor and working-class residents.”