Mississippi Lawmakers Vote to Eliminate State Income Tax

Mississippi lawmakers voted to eliminate the state income tax, sparking questions about funding core services. The bill lowers the personal income tax rate from 4% to 3% by 2030 and could be phased out over the next decade if the state's economy grows. Critics argue that cutting income taxes could lead to funding shortages in essential services like healthcare and education.

Larry Kudlow's analysis of U.S. economy and GDP numbers

Larry Kudlow disputes recession talk based on recent GDP numbers, highlighting strong core GDP growth and business investment. Attributes strength to confidence in future demand and anticipation of Trump's tax reform package. Points to slowing inflation and predicts a Federal Reserve rate cut. Raises questions about statistical oddities in the GDP calculation.