Cato Institute Gives Phil Bryant a "B"

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JACKSON, MS (Ben Caxton) — Mississippi Governor Phil Bryant’s fiscal policy grade is a “B” according to the Cato Institute. Their report measured fiscal policies of every Governor across the country since 2016 and gave each one a letter grade. Bryant was of 11 governors to get a ‘B’; 5 were awarded an ‘A’ and the remainder received a ‘C’, ‘D’, or ‘F’. The report highlighted the 10-year phase-out of the corporate franchise tax as Bryant’s most significant fiscal decision, which occurred in 2016 as part of the largest tax cuts in Mississippi history. It also cited the reduction of taxes for self-employed individuals and cutting the bottom individual and corporate income tax rates from 3 percent to zero. Governor Bryant fared better than governors from Arkansas, Louisiana, and Tennessee.

 


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