Bryant: Working families tax credit will stimulate economy - WLOX.com - The News for South Mississippi

Bryant: Working families tax credit will stimulate economy

BILOXI, MS (WLOX) -

As we approach the New Year, state leaders are getting ready to work on the new Mississippi budget. The legislative session kicks off in January.

Gov. Phil Bryant has released his budget plan. He has proposed a $78.7 million tax cut for families earning less than $50,000 a year.

Bryant stopped by WLOX and explained how the Mississippi Working Families tax credit will stimulate the economy.

"We need to return it back to the people, because they spend it," said Bryant. "They invest in it. They don't bury it in the backyard. $500 to $600 in revenue coming back to you as a taxpayer means that you are able to go out and start school or buy more clothes for the children. Buy those school supplies. It's to put gasoline in your car. It's to help pay their mortgage down, even with that small amount."

Legislative leaders will release a budget proposal in December. They have an April deadline to adopt a budget for the next fiscal year.

Tune in to WLOX News at 10 p.m. Sunday to see the entire interview with Bryant.

Copyright 2014 WLOX. All rights reserved.

  • NEWSMore>>

  • Offering solutions to make spring break weekend more welcoming

    Offering solutions to make spring break weekend more welcoming

    Thursday, April 19 2018 11:04 PM EDT2018-04-20 03:04:17 GMT
    The City of Biloxi estimated around 30,000 visitors came to the city for spring break weekend in 2018. (Photo source: WLOX)The City of Biloxi estimated around 30,000 visitors came to the city for spring break weekend in 2018. (Photo source: WLOX)
    The City of Biloxi estimated around 30,000 visitors came to the city for spring break weekend in 2018. (Photo source: WLOX)The City of Biloxi estimated around 30,000 visitors came to the city for spring break weekend in 2018. (Photo source: WLOX)

    Many gathered at a community meeting to think of ways to make spring break weekend more welcoming on Thursday.

    More >>

    Many gathered at a community meeting to think of ways to make spring break weekend more welcoming on Thursday.

    More >>
  • Pascagoula Mayor says DOD or Congress should include funding for city when awarding contracts

    Pascagoula Mayor says DOD or Congress should include funding for city when awarding contracts

    Thursday, April 19 2018 10:50 PM EDT2018-04-20 02:50:46 GMT
    The sign heading in to Pascagoula. (Photo source: WLOX)The sign heading in to Pascagoula. (Photo source: WLOX)

    Pascagoula Mayor Dane Maxwell is in our nation's capital this week meeting with department heads. He said he thinks the Department of Defense or Congress should foot the bill for Pascagoula's aging infrastructure and some public departments.

    More >>

    Pascagoula Mayor Dane Maxwell is in our nation's capital this week meeting with department heads. He said he thinks the Department of Defense or Congress should foot the bill for Pascagoula's aging infrastructure and some public departments.

    More >>
  • Man killed in Pearl River County car crash

    Man killed in Pearl River County car crash

    Thursday, April 19 2018 10:49 PM EDT2018-04-20 02:49:13 GMT
    Officials say the victim was a 71-year-old man from Moundville, Alabama. (Photo Source: File)Officials say the victim was a 71-year-old man from Moundville, Alabama. (Photo Source: File)
    Officials say the victim was a 71-year-old man from Mandeville, Alabama. (Photo Source: File)Officials say the victim was a 71-year-old man from Mandeville, Alabama. (Photo Source: File)
    A man was pronounced dead after a single car accident in Pearl River County.  On April 19, Mississippi Highway Patrol investigated a fatal crash on I-59 around 7:30 p.m.  The victim was identified as a 71-year-old male from Moundville, AL. He was reportedly traveling north on I-59 in a 2003 Toyota Tundra. Officials say the Toyota went off of the right side of the road, overturned and collided with trees. The driver of the vehicle was pronounced dead at the ...More >>
    A man was pronounced dead after a single car accident in Pearl River County.  On April 19, Mississippi Highway Patrol investigated a fatal crash on I-59 around 7:30 p.m.  The victim was identified as a 71-year-old male from Moundville, AL. He was reportedly traveling north on I-59 in a 2003 Toyota Tundra. Officials say the Toyota went off of the right side of the road, overturned and collided with trees. The driver of the vehicle was pronounced dead at the ...More >>
Powered by Frankly