Study authors call for massive tax reform in Mississippi - WMC Action News 5 - Memphis, Tennessee

Study authors call for massive tax reform in Mississippi

     A new study says a more efficient state tax collection system and tax increases are needed if Mississippi is to stay viable financially and retain all of its state programs.
     The study was conducted by the John C. Stennis Institute of Government at Mississippi State University.
     Entitled "The Mississippi Budget: An Overview of Selected Revenue and Expenditure Patterns," the study suggests that Mississippi must enact measures to make personal income tax more progressive. 
    It also says the state must investigate the decline in corporate income tax, determine why revenue losses occur and, if possible, remedy the situation. The study warns that if the state's tax collection efforts don't improve, then programs that benefit low- and middle-income families and children will be in danger of facing cuts. 
    The study will be presented today at the state Capitol.

 (Copyright 2003 by The Associated Press. All Rights Reserved.)

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