January 26, 2021
WATCH: Governor Calls for Phasing Out State Income Tax
NFIB State Director Dawn Starns McVea released the following statement today in response Gov. Tate Reeves’ State of the State Address:
“We support the governor’s call to eliminate the state income tax. That’s a big deal to small businesses because most small businesses are organized as pass-through entities, meaning they pay taxes at the individual rate rather than the corporate rate. Eliminating the personal income tax would provide much-needed financial relief to small business owners struggling to recover from the economic slump caused by the COVID-19 pandemic.
“We’re also encouraged by the governor’s commitment to workforce development. Finding and keeping qualified workers is a perennial problem for small businesses and other employers. We look forward to working with Governor Reeves and legislative leaders on a solution that helps put people to work.”
Watch the State of the State Address here.
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
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