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WREG NewsChannel 3 reports on Mississippi House passing plan to eliminate income tax


The Mississippi House of Representatives has recently passed a bill that proposes the complete elimination of the state’s income tax. The plan, which was approved by a 85-34 vote, is aimed at providing tax relief to residents and attracting new businesses to the state.

Under the proposed legislation, the income tax would be phased out over a period of several years, with the ultimate goal of eliminating it entirely. Supporters of the bill argue that this move would make Mississippi more competitive with other states that have lower or no income taxes, and would ultimately benefit the state’s economy.

However, critics of the plan have raised concerns about the potential impact on state revenue and the ability to fund essential services such as education and healthcare. They argue that eliminating the income tax could lead to cuts in public services or increases in other taxes to make up for the lost revenue.

Governor Tate Reeves has expressed support for the bill, stating that he believes it will help Mississippi attract new business and create jobs. He also emphasized that the plan includes safeguards to ensure that essential government services will continue to be funded.

The bill will now move to the Senate for consideration, where it is expected to face further debate and scrutiny. If passed by the Senate and signed into law by the Governor, Mississippi would become one of the few states in the country to completely eliminate its income tax.

Overall, the passage of this income tax elimination plan by the Mississippi House marks a significant step towards reshaping the state’s tax system and has sparked a heated debate about the potential benefits and drawbacks of such a move.

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Photo credit wreg.com

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