Mississippi's shining moment: Governor Tate Reeves boasts about economic expansion after axing income tax
Fun and Fresh Take:
Y'all, Mississippi's Gov. Tate Reeves is planning some pretty exciting stuff for his state, and we had a damn good chat about it! Here's the scoop on how the state's income tax is getting eliminated, spurring a massive economic boom that sets "Mississippi's moment" in motion.
Mississippians Prepare to Celebrate "Tax-Free" Times:
We exclusively spoke with Gov. Reeves about the impending elimination of Mississippi's state income tax, which will make the state the 10th to do so! The governor's enthusiasm for the happening is contagious:
"We are more competitive than we've ever been. Lowering the tax on work, and ultimately, eliminating the tax on work, is gonna make us even more competitive."
Reeves recently signed a bill into law that gradually rolls back the state income tax from 4% to 3% by 2030. The big bombshell? It could potentially drop to zero! A move that Gov. Reeves promises will "help level the playing field" and put Mississippi on par with the likes of Texas, Florida, and Tennessee, which don't impose an income tax.
Slammin' Economy, Low Unemployment, and Faster Growth
Mississippi's economy has already been booming with over $32 billion in new capital investments in the past four years. The state reached record-low unemployment in 2021, saw the highest number of working residents ever, and experienced the second-fastest-growing economy in the U.S. in 2024!
"Deep Red" Mississippi Makes a Big Move on Income Tax
While President Donald Trump's administration ponders tax hikes for millionaires to fund their ambitious budget plan, Gov. Reeves made one thing clear: "I oppose raising taxes on anybody." Reeves' plan is all about cutting taxes for hardworking Mississippians, so they can keep more of their hard-earned cash while boosting the state's economy.
Goodbye, "Tip Tax" and Adios, Social Security Taxes?
Trump's budget plan also includes an extension of the 2017 tax cuts and the abolition of taxes on tips and Social Security. Let's see if Mississippians jump on that bandwagon too!
Donald Trump's Tariff Policies: A Mixed Bag for Mississippi
Some people have their doubts about Trump's tariff policies, but Gov. Reeves sees it otherwise: "Mississippi has had tremendous success in the last four to five years in growing our economy." Trump's focus on bringing back manufacturing to the U.S. could be a game-changer for states like Mississippi, Reeves believes.
Mississippi's "Department of Government Efficiency (DOGE)" Does Its Thing
Mississippi has been leading the charge in the state-level effort to root out waste and inefficiency. This commitment to fiscal responsibility is epitomized by the cheeky name given to the state auditor's office: "MOGE," inspired by tech mogul Elon Musk's "DOGE."
The Future of Mississippi's Economy: Keep on Booming
Gov. Reeves is optimistic about Mississippi's financial future: "It's gonna continue to boom." The state has shown a remarkable ability to reduce the number of government employees while maintaining the same level of services, even during his tenure as lieutenant governor. If that's possible at the state level, Gov. Reeves argues, it can be achieved in every level of government.
The Mississippi Republican urges Washington to emulate this example and tackle its spending problem. And, just like everyone else, he applauds Musk's efforts to combat government waste during Trump's tenure.
Tune in to our website for more insights into Mississippi's economic adventure and the plans that are reshaping the "Deep South" state like never before! 😎🔥✊🎉 #Mississippi #IncomeTax #EconomicBoom #GovTateReeves #DeepRedState #economy #migration #Manufacturing #TaxReform #MuskLove #BOOM TIMES
- Gov. Tate Reeves' plans for Mississippi include the elimination of the state income tax, aiming to make the state more competitive and spur a massive economic boom.
- Mississippi's economy has already shown significant growth, with over $32 billion in new capital investments in the past four years and the second-fastest-growing economy in the U.S. in 2024.
- While President Trump's administration considers tax hikes, Gov. Reeves insists on cutting taxes for hardworking Mississippians, such as the potential elimination of the income tax, a move that could "help level the playing field" with states like Texas and Florida.
- Gov. Reeves' stance on taxes contrasts with Trump's budget plan, which includes extension of the 2017 tax cuts, abolition of taxes on tips, and Social Security taxes.
- Gov. Reeves believes Trump's focus on bringing manufacturing back to the U.S. could be a game-changer for states like Mississippi.
- Mississippi has demonstrated a commitment to fiscal responsibility, shownby the state auditor's office's cheeky name, "MOGE," inspired by Elon Musk's "DOGE," which symbolizes the state's efforts to root out waste and inefficiency.
