Speaker of the House Philip Gunn applauded Kaeding: “I think you have confirmed and affirmed many of the decisions we’ve made,” the Clarion-Ledger reported. “Reducing the corporate tax burden is a path toward economic growth and stability.”
Lt. Gov. Tate Reeves liked her focus: “I believe our goal should be to make Mississippi the most competitive place in America to invest capital and to provide for more and better paying jobs,” the Northeast Mississippi Daily Journal reported.
Perhaps state leaders will pause and reflect on Kaeding’s data. It showed Mississippi in 2012 (before pending tax cuts) was already highly competitive among neighboring states.
Mississippi’s Business Tax Climate ranked noticeably better than Alabama, Arkansas and Tennessee. Kaeding’s slide on Corporate Income Tax rates showed Mississippi ranked among the lowest nationally, and better than all neighboring states. If tax competitiveness is the real key to growth, then Mississippi should already be outperforming our neighbors. We’re not.