Congratulations to our brothers in Mississippi! It's so refreshing to see Republicans do something good for their constituents.
Here's a little more from the governor's statement. He is very proud of this accomplishment.
Today, I was proud to sign into law a complete elimination of the individual income tax in the state of Mississippi. Let me say that again: Mississippi will no longer tax the work, the earnings, or the ambition of its people.
This is more than a policy victory. This is a transformation. And it's a transformation that I have believed in, fought for, and worked toward for many years. From my days as lieutenant governor to my first campaign for this office — and every legislative session since — I have made this my mission.
The income tax will be slowly phased out over the next 5 years in Mississippi as they transition to a new model of government revenue. The bill also slashes the grocery tax to 5% down from 7%.
Another big win.
Proponents of the legislation believe it will help boost economic development in the state. Only nine states do not charge an individual income tax: Tennessee, Florida, South Dakota, New Hampshire, Nevada, Wyoming, Alaska, Washington, and Texas.
Eight of those nine states sound like great places to live!
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