State Tax Cut Proposal

Mississippi Governor, Phil Bryant, has proposed a sliding tax credit for Mississippi taxpayers, which would be based on a filer’s eligibility for the federal earned income tax credit.

The sliding tax credit is designed to help low-to-moderate income families and would be equal to 15% of the federal earned income tax credit. Governor Bryant says that he is open to input from the State Legislature regarding his proposal. He also said the State of Mississippi’s fiscal condition is strong enough to consider a tax cut.

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