Proposal to raise gas prices by 12 cents

Mississippi lawmakers could cut income taxes in exchange for higher fuel taxes to raise money for roads and bridges.
House Transportation Committee Chairman Charles Busby, a Pascagoula Republican, says House leaders are considering a plan to phase out Mississippi’s four percent income tax bracket which applies to an individual’s yearly income between $5,001 and $10,000.
In exchange, Busby says lawmakers would impose an additional 12 cent per gallon tax on gasoline and 15 cent tax on diesel, phasing it in over four years as the income tax is phased out.

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