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Mississippi Governor Tate Reeves recently emphasized that conservative policies can be beneficial for everyone, provided they are implemented effectively. In a conversation with Jenn Pellegrino, the founder and CEO of Defend Forgotten America, Reeves highlighted the achievements of his state as evidence of this claim.
Reeves expressed skepticism about the federal government’s ability to innovate, suggesting that it has consistently fallen short in this area. He argued that fostering innovation requires empowering the private sector and reducing taxes for citizens.
“The federal government is simply not adept at innovation,” Reeves remarked, underscoring the need to support businesses and allow individuals to retain more of their earnings. According to him, this approach has led to economic growth in Mississippi. He noted that the state has successfully lowered its individual income tax rate from five percent to four percent over the past few years.
The result of these tax cuts, Reeves pointed out, has been an increase in the state’s revenue. “We’re collecting more today than we did four years ago, despite the reduction in marginal rates,” he stated, presenting this as a testament to the effectiveness of conservative economic strategies.
As a result, the state is collecting “more today than we did four years ago, even though the marginal rates are down,” he revealed.
“So, you increase not taxes on individuals, you increase the number of taxpayers, and that leads to a growing economy, and ultimately it leads to more tax revenue. And so, we’ve proven that yet again. We’ve seen the successes and what that has led to, and these are numbers that most people in Mississippi never dreamed possible,” he said, noting that they hope to bring that tax to zero.
Reeves also said they have eliminated “certain business taxes to encourage and incentivize more companies come to Mississippi and create more jobs in Mississippi,” including the inventory tax and the corporate franchise tax.
“But, what that has led to is in 2024, Mississippi had the second fastest growing GDP in the entire country,” Reeves revealed.
“And the reason for that, obviously, is these policies that we’ve enacted and we’ve put in place, but we also had the fourth fastest growing family income in America and the second fastest growing individual income in America on a per capita basis,” Reeves said.
“So, my pitch to the world is conservative policies work,” the governor said, driving home the point that his state is living proof of this simple principle.
“And conservative policies work not just for some people in some areas, they work for everybody in your state if you’re implementing them correctly,” he added.
WATCH the entire interview below: