March 6, 2015

Mississippi Economic Policy Center: House and Senate Tax Plans Do Little for Struggling Working Families

ITEP Work in Action

The personal income tax cuts from both the [state] House and Senate plans benefit wealthier families more than lower and middle-income earners. Further, the high cost of these plans may require raising revenue through increases in the property tax or sales tax, both of which hit lower and middle-income earners hard. This combination would result in a tax shift from wealthy Mississippians to lower and middle-income families.

Read the full report here.