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Mississippi Senate advances tax overhaul cutting income and grocery taxes but raising gas tax, facing criticism over impact on poor.
Mississippi's Senate Finance Committee has advanced a tax overhaul bill that includes reducing the state's 4% income tax to 2.99% over four years, lowering the 7% sales tax on groceries to 5% by July 2026, and raising the gasoline tax by three cents each year for the next three years.
The $326 million net tax cut proposal, which aims to attract businesses and new residents, faces criticism from Democrats who argue it could harm the working poor and shift the tax burden to lower-income individuals.
The Senate's bill is less ambitious than the House's plan to fully eliminate income tax.
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El Senado de Mississippi avanza la revisión de impuestos recortando los impuestos sobre los ingresos y los alimentos, pero aumentando el impuesto al gas, enfrentando críticas por el impacto en los pobres.