A Mississippi congressman says he’s concerned if no deal is made on the fiscal cliff, Mississippians will feel the effects. MPB’s Daniel Cherry reports lawmakers have only days left to iron out a plan to avoid the cliff.
Mississippi’s 3rd District U.S. Congressman, Gregg Harper says he’s losing faith leaders will develop a deal to avoid the fiscal cliff before the deadline. Unless a plan is passed beforehand, a huge combination of tax increases and spending cuts will go into effect January 1st. Harper, a Republican, believes going over the cliff would hurt Mississippi residents.
“You’re going to see everybody that has a job that has taxes taken out of their paycheck will see less money in their take-home pay because the tax rates are going to go up. Some of the small business owners that see significant increases in their taxes may decide this is not the time to expand or to hire.”