Dems want to repeal tax cut, use money to fix roads

Four Democratic state senators said Wednesday they want to repeal a big tax cut passed by Mississippi lawmakers and instead use the money for roads and bridges.

Senators David Blount of Jackson, Hob Bryan of Amory, Sollie Norwood of Jackson and Angela Turner of West Point said their plan would earmark $6 billion or more for transportation over 20 years.

Earlier this year, lawmakers approved phasing out Mississippi’s $260-million-a-year corporate franchise tax, cutting $145 million a year in income taxes, and lowering self-employment taxes by $10.2 million yearly. The cuts will be phased in over 12 years.

Clarion Ledger
11/2/16