State of Mississippi Archives: on Corporations


Vicki Slater: The Great Recession bailout didn't help small businesses

Q: What do you think about the use of tax credits and incentives as an economic development tool?

A: I'm not against tax credits. I'm against the abuse of tax credits. I am also in favor of some tax credits for small businesses. When there was a bail-out after the Great Recession, small businesses weren't bailed out. Thousands of small businesses in Mississippi weathered through and made it without being bailed out like the big insurance companies, and the big banks, were bailed out. Some banks refused the bailout money, but a lot of banks took it. So I think there should be a program for small businesses on the tax credits, and I think tax credits should be wisely used. They should be revoked if there's any abuse of the money.

Q: What about the use of special sessions for large economic development projects?

A: It's certainly a tool that's at the governor's disposal, but I think a special session should be something that's rare because it's extra money for the taxpayers.

Source: Jackson Free Press on 2015 Mississippi Gubernatorial race Jul 22, 2015

Phil Bryant: Tax relief from delayed-accelerated tax payment

As all of you understand, Mississippi's business climate plays a critical role in attracting new opportunities and new jobs to our state. In my executive budget recommendation, I proposed a small business tax relief measure that will further stabilize our business climate. Each June, certain small employers in this state are required to pre-pay a portion of their taxes.

Known as the delayed-accelerated tax payment--a name only the government could create--this move puts a large burden on our state's job creators. My budget proposes relief for small employers, and I urge the Legislature to support it. The National Federation of Independent Businesses joins me in my call.

Source: 2013 State of the State address to Mississippi Legislature Jan 22, 2013

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Page last updated: Dec 11, 2015