Search
Items tagged with: Senators
#Mississippi #governor signs typo tax overhaul bill into #law to phase out income #tax
source: apnews.com/us-news/taxes-tate-…
#Senators last week had conceded to eliminate the income tax, but only with economic growth “triggers” as safeguards — the tax wouldn’t phase out unless the state saw robust economic growth and controlled spending. It would have likely taken many years.Or so they thought. The Senate bill had typos that essentially nullified the growth triggers and would eliminate the income tax nearly as quickly as the House proposed. The House passed the flawed bill on to the governor, who signed it into law Thursday.
#politics #usa #fail #problem #omg #wtf #fnord #facepalm #news #economy
Mississippi governor signs typo tax overhaul bill into law to phase out income tax
Gov. Tate Reeves has signed a bill to overhaul Mississippi’s tax system, aiming to eliminate the state income tax in about 14 years. Reeves says it will attract corporate investment and workers. The law reduces the income tax rate gradually.Michael Goldberg (AP News)
