BY: Steve Wilson | Watchdog.org
The Mississippi House is pushing its tax cut plan to phase out the state’s income tax by 2030. It’s a locomotive roaring down the track with its whistle blaring “a tax cut for working Mississippians.”
On the other side of the Capitol, the Mississippi Senate has its own plan championed by Lt. Gov. Tate Reeves, which would phase out the state’s corporate franchise tax in 10 years. This locomotive is full steam ahead, bearing down on the House’s tax plan train.
An old saying from football coaches is that if you have two quarterbacks, you have no quarterbacks. It’s the same with these two tax plans. Their aims are so different, as is their impacts on the state’s general fund budget. Like a quarterback, only one tax cut of this magnitude can arrive on the governor’s desk for signature.
One plan seems to come from the populist side of the state Republican Party. The other from the business side of the GOP.
Can there be a middle ground? Not likely. What is likely is the two houses are so far apart there won’t be any tax cut for Gov. Phil Bryant to sign. With an election looming in November, can that be good for Republicans, who hold a decent margin in the House, to remain in command in Jackson? The Mississippi Senate and the Governor’s Mansion will more than likely remain in GOP hands, but the House is where the real battle will be fought.