Proposal: eliminate income tax, add 5% tax on gas, allow cities, counties to levy local sales tax
- House leaders proposed a plan to eliminate the state income tax and increase local sales taxes and gas taxes.
- The proposal aims to reduce the income tax rate from 4% to 3% this year, eventually eliminating it over ten years.
- The plan includes a new 5% tax on gasoline expected to generate $400 million annually for road infrastructure.
- Governor Tate Reeves has expressed general support for tax cuts but opposes plans that increase other taxes.
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Total News Sources0
Leaning Left2Leaning Right2Center0Last UpdatedBias Distribution50% Left, 50% Right
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
R 50%
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