State of Mississippi Archives: on Corporations

Jim Hood: Invest in small business to turn around MS economy

Hood advocated for investing in small "main street businesses" rather than big out-of-state corporations to keep young adults in the state. "Many of those main street businesses have been kicked to the curb," Hood said, citing the hundreds of millions in tax cuts out-of-state corporations receive
Source: The Meridian Star on 2019 Mississippi gubernatorial race Apr 12, 2019

Bill Waller: Level playing field on taxes, to avoid special company deals

In the first Republican gubernatorial debate, hosted by the Mississippi State University College Republicans, questions posed by the panelists centered around economic development, education, infrastructure, and healthcare.

Regarding economic development in the state, Foster said he would like to level the playing field when it comes to taxes and would look to states like Texas, Tennessee, and Florida as examples of what Mississippi could do. "We are always having to make special deals to get companies to come to Mississippi," said Foster. If we are able to level that tax playing field to something that is flat and that everyone can prosper in their business with then we are going to be more competitive in drawing business to Mississippi."

Source: NewsMS.FM on 2019 Mississippi gubernatorial race Mar 26, 2019

Robert Foster: Cut the franchise tax; it's a regressive tax on businesses

Q: In recent years, Mississippi has cut hundreds of billions in corporate taxes, including the corporate-franchise tax. At the same time, we've struggled to fund repairs for our roads and bridges. Do you support cutting taxes on corporations further?

A: I'm 100 percent favor of cutting the franchise tax. I helped push that through the House. The franchise tax is a very regressive tax on companies. Similarly, you can see we had a warehousing inventory tax on the books some years ago, and right before I came into the Legislature, they cut that tax. My plan is to completely reform all of our tax policies in our state. We've got to get away from regressive taxes that attack businesses and personal income before people decide how they want to spend their money. It's bad economics to take somebody's money before they decide how they're going to spend it. We've got to look at getting to more excise-sales taxes. Then they get to decide how they want to spend their money.

Source: Jackson Free Press on 2019 Mississippi Gubernatorial race Feb 6, 2019

Robert Foster: Let businesses deny service to gays for religious reasons

When you own a business, and you run a business, somebody does not have a right to come in and demand you serve them. There is a two-way street there. They have to show you respect when they come into your business and you have to show--you should show--them respect. If you don't, as a business owner, show people the respect they deserve, the free market takes care of it, because people will not want to do business with somebody who does not show people respect.

[I brought up this issue] during the whole House Bill 1523 time period. There is an attack upon Christians and people in this nation that have a belief that they should not be a part of celebrating something that they think is a sinful act, and there's a difference between selling somebody a wedding cake from your bakery, and then asking you to make a wedding cake personalized for a ceremony that you believe you don't want to be a part of for religious reasons.

Source: Jackson Free Press on 2019 Mississippi Gubernatorial race Feb 6, 2019

Jim Hood: Watchdog over corporate wrong-doers

Source: 2019 Mississippi governor campaign site Dec 31, 2018

Robert Foster: A tax on business means a tax on job creation

Robert grew up in a small business family and understands how over-taxation and over-regulation can stifle not only a small business, but also job growth and the economy. He believes that a tax on business means a tax on job creation. And that's why he's
Source: 2019 Mississippi governor campaign website Dec 31, 2018

David Baria: No cutbacks in Consumer Financial Protection Bureau

Q: Financial Regulation: Support cutbacks in Consumer Financial Protection Bureau (CFPB)?

David Baria (D): No. Will oppose any efforts to weaken CFPB.

Roger Wicker (R): Yes. "CFPB has been a thinly veiled attempt. to expand federal control over Americans' financial decisions."

Source: 2018 Issue Guide on Mississippi Senate race Oct 9, 2018

Roger Wicker: CPFB is thinly veiled attempt to expand federal control

Q: Financial Regulation: Support cutbacks in Consumer Financial Protection Bureau (CFPB)?

David Baria (D): No. Will oppose any efforts to weaken CFPB.

Roger Wicker (R): Yes. "CFPB has been a thinly veiled attempt. to expand federal control over Americans' financial decisions."

Source: 2018 Issue Guide on Mississippi Senate race Oct 9, 2018

Jim Hood: Criticizes tax give-aways to out-of-state corporations

Hood criticized the Legislature's giving away hundreds of millions in tax cuts to out-of-state corporations. He floated expanding Medicaid, saying "we shouldn't leave hundreds of millions of federal dollars on the table." He expressed concern about the brain drain epidemic in Mississippi, saying state leaders should turn their focus to keeping young Mississippians in the state.
Source: Mississippi Today on 2019 Mississippi Gubernatorial race Oct 3, 2018

Phil Bryant: Growing business is best jobs program

Twice last year, the unemployment rate in Mississippi fell to 4.9 percent, and was 4.8 percent in November. That is the lowest since unemployment levels began to be recorded in 1979. I believe every Mississippian deserves an equal opportunity for a good job, and I am working hard to make this belief a reality.

As Ronald Reagan once said, the best social program is a job. Now, that's a program we have been very successful in expanding. In the past, Mississippi has had people looking for jobs. Today, we have more than 40,000 jobs looking for people.

This session, I will have some other recommendations to reduce more government regulations and unleash the independent spirit that will make Mississippi the most job-friendly state in America.

Source: 2018 Mississippi State of the State address Jan 9, 2018

Jensen Bohren: Small businesses need same subsidy that big businesses get

I believe that small businesses, the heart and souls of our towns' economy, should have the same governmental subsidy that all businesses currently enjoy at the 7.25 minimum wage. The large corporations can afford to pay a living wage without becoming unprofitable. Small businesses cannot. With the minimum wage increase, I believe that 60% of employees' wages should be supplemented as an encouragement to our small businesses' hiring practices.
Source: 2018 Mississippi Senate campaign website Jan 1, 2018

Jensen Bohren: Wall Street needs regulations to stop manipulating prices

In addition to disrupting monopolies, we must re-regulate Wall Street to protect the general public and avoid severe recession and, God forbid, any depressions. Also, to discourage dishonest inflation of stock prices, there should be a small tax, comparable in rate to one of the higher sales taxes, on re-buys of a company's own stock. These stock rebuys are a major component of our stock market and allow a company to manipulate the price of its stock.
Source: 2018 Mississippi Senate campaign website Jan 1, 2018

David Baria: Tax giveaways are trouble when obligations aren't met

Every agency underwent budget cuts, some as severe as 18%. These are serious cuts to programs such as emergency management and mental health. Over the past 5 legislative sessions, tax cuts totaling over $620M have been doled out to special interests on the˙prayer that jobs will result. It is irresponsible to cut revenue when you cannot meet your current obligations. This is the situation--underfunded schools, local hospitals on the verge of closing and roads and bridges deemed dangerous.
Source: Clarion-Ledger on 2018 Mississippi Senate race May 12, 2016

Phil Bryant: Tax cuts for people before corporations

How do we generate sufficient revenue to maintain and keep safe the roads and bridges that are our economic life line and not place an undue burden upon the working people of this state? There is no reason we cannot balance an increase in fuel tax with an equal and sufficient tax reduction. This tax cut does not need to apply to large corporations. They are and have been receiving the reduction in fuel cost for some time now. It is the working families of Mississippi I am concerned about.
Source: 2016 State of the State speech to Mississippi legislature Jan 26, 2016

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

Tate Reeves: Government shouldn't pick winners and losers

"I believe government shouldn't be in the business of picking winners and losers." Reeves said. "I believe the tax code should be simple. My plan encourages capital investment and promotes long-term economic growth." The measure would encourage more economic growth in local communities as individual taxpayers and local businesses see more money in their pockets, Reeves says, and eliminating the franchise tax would allow local banks to direct funds back into the community as loans.
Source: on 2019 Mississippi Gubernatorial race Feb 10, 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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