Gunn talks to Republican women in Hernando
Photo: Left to right, Bettye Van Vulpen, Speaker of the House Phillip Gunn, and Olive Branch Alderman Pat Hamilton at the DeSoto County Republican Women’s Rally in Hernando. (Bob Bakken / DeSoto County News)
Mississippi House Speaker Phillip Gunn spoke with Republican women from DeSoto County, who gathered at the Hernando Golf and Racquet Club on Thursday, September 16.
During his speech, Gunn touched on several issues facing the state legislature, most notably redistribution and a plan to eliminate state income tax over a number of years.
Gunn said that while the state lost around 6,000 people in the last census, DeSoto County gained around 22,000 in the past decade, becoming the third largest county in the state.
While this may not get an additional representative in the DeSoto County State Legislature, some districts that include DeSoto and adjacent counties may end up pushing those counties to other districts.
The Speaker of the House supports a plan to eliminate state income tax. The House passed a phase-out plan in the last session, but failed to get out of the state Senate committee. Gunn is hopeful that a plan to stop a state income tax can be passed in the next session.
He sees taxpayers getting a tax exemption on the first $ 40,000 of initial income, which would become a tax exemption on the first $ 100,000 in seven years. In 12 years, state income taxes would be completely eliminated.
“It’s real money,” Gunn said.
In addition to the elimination of income tax, a tax on groceries would be cut in half.
To help make up some of the difference, the plan would raise the state’s sales tax from its current seven percent to almost equal to neighboring states Tennessee, Alabama, Louisiana, and Arkansas, all of which currently have taxes. sales of about nine percent or more.
But, Gunn added that economists who have put a pencil on paper on income tax versus sales tax say the state would come out ahead by shifting from income tax to taxes to consumption, which he pointed out that anyone who spends money on products and other items would. pay, even out of state.
Imposing a state income tax could also generate more interest in people moving to the state. Gunn noted that the two fastest growing states in the country are Florida and Texas, and that the fastest growing city in the country is Nashville, Tennessee.
“Not all have state income tax,” Gunn said.