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Trump tax cuts make state cuts look tiny
By BILL CRAWFORD
Thu,02/06/25-10:35AM , 333 Reads 8,988 Statewide
Congress is about to horn in on our tax cut debate. Up against Congress’ $4 trillion plus issue our $2.2 billion in tax cuts looks tiny.
President Donald Trump is pushing Congress to not only sustain tax cuts from his 2017 Tax Cuts and Jobs Act (TCJA) but to add to them.
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Tax reform picks up some steam
By BILL CRAWFORD
Wed,01/22/25-3:45PM , 209 Reads 6,146 Statewide
The tax train zoomed through the Mississippi House of Representatives. What Ways and Means Committee Chair Trey Lamar calls “one of the most transformational pieces of legislation that this state has ever seen” got referred to his committee on Friday January 10th and passed out of the House the next Thursday.
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Taxpayer relief gets cloudy
By BILL CRAWFORD
Wed,01/15/25-3:21PM , 393 Reads 6,973 Statewide
The math for tax cuts gets a “bit tricky,” wrote the Magnolia Tribune in an article about cutting the sales tax on groceries. “Add in another likely attempt to fully eliminate the state income tax, and the path for more taxpayer relief is clouded at best.”
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Real state budget is $28 billion
By BILL CRAWFORD
Thu,01/09/25-1:51PM , 319 Reads 7,467 Statewide
Over the next three months, legislators will focus on a $7 billion General Fund budget to run state government for FY 2026. Interestingly, that’s only about 25% of the total $28 billion budget they will ultimately be called upon to approve.
Welcome to the complex multiverse of government finance.
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