Jackson Free Press: Lawmakers Must Decide on Raft of Tax-cut Bills
- Source: Jackson Free Press
- April 23, 2013
How much is too much? When it comes to tax cuts, that's the question that lawmakers and Gov. Phil Bryant must decide in coming weeks.
There are at least 17 bills still under consideration that would cut taxes or divert revenues to subsidize businesses. Three others have already been signed into law by Bryant.
The Department of Revenue says it can't tell how much all the bills would cost, but it's clear the total impact will be in the tens of millions of dollars.
The Pew Center on the States last year urged states to beef up cost estimates of incentives, and to use yearly limits to prevent breaks from ballooning out of control.
Jeff Chapman, a senior researcher for Pew, says figuring out who will use a tax break is hard. But analysts can offer a range of scenarios or at least try to estimate whether a bill will have a significant effect on state revenue.
Read the full article at jacksonfreepress.com.