Mississippi Drops To 20th For Tax Competitiveness; Reforms Needed

Dec 1, 2015 by AFP

JACKSON, Miss. — Americans for Prosperity Mississippi issued the following statement in response to news that the state’s tax competitiveness ranking dropped from 18th to 20th in the nation (see the Tax Foundation’s 2016 State Business Tax Climate Index here):

“Mississippians are being held back by an antiquated tax code and bloated government,” said Russ Latino, state director of Americans for Prosperity Mississippi.“Our tax competitiveness ranking has declined, while nearby states, like Florida and Texas, outpace us with reforms that have led to real growth. Sustainable job-growth will only come with tax policy that stops punishing our people and our businesses for investing and producing in Mississippi.”

According to the Tax Foundation’s 2016 State Business Tax Climate Index Mississippi ranked 20th in the nation, a two spot drop from the 2015 index. Other states in the Gulf Coast region were ranked higher, including Florida (4th) and Texas (10th). Neighboring state, Tennessee, ranked 16th.

This ranking comes as the state’s economist, Darrin Webb, testified before the Legislative Budget Committee that, “…the state’s economy appears to have weakened in recent months.”

Americans for Prosperity Mississippi will be mobilizing its grassroots in the next few months to encourage lawmakers to take aggressive action in reforming the tax code.

For further information or an interview, please contact Christian Hertenstein, chertenstein@afphq.org or 386.490.5746.

Americans for Prosperity (AFP) is a nationwide organization of citizen-leaders committed to advancing every individual’s right to economic freedom and opportunity. AFP believes reducing the size and intrusiveness of government is the best way to promote individual productivity and prosperity for all Americans. For more information, visitwww.americansforprosperity.org