In January, Mississippi residents suffered more than $100 million in damage from a freak winter storm that ruined the economy in this high-poverty state. Now theIn January, Mississippi residents suffered more than $100 million in damage from a freak winter storm that ruined the economy in this high-poverty state. Now the

MAGA governor 'kicks' victims 'when they’re down' with new veto

2026/03/25 03:35
3 min read
For feedback or concerns regarding this content, please contact us at [email protected]

In January, Mississippi residents suffered more than $100 million in damage from a freak winter storm that ruined the economy in this high-poverty state. Now the state’s Republican Gov. Tate Reeves, a staunch ally of President Donald Trump ) has not only vetoed a bill that would have provided low-interest loans to local governments but he accused Senate staffers of committing “unconstitutional and potentially criminal acts with the legislation.”

But Mississippi Today reports Reeves is basing both his veto and his allegations of criminal action on bogus, easily corrected information.

“The plainly unconstitutional (and possibly criminal) act of the person or persons that attempted to surreptitiously change a material (and negotiated) term of Senate Bill 2632 is unconscionable and calls into question the validity of every bill that I have signed into law this session,” Reeves wrote in his veto message.

At issue is Reeves’ claim that the Mississippi Emergency Management Agency was to give local governments loans at a 1 percent monthly charge, as opposed to a 1 percent annual charge.

But Reeves’ preference would have charged embattled local governments 12 percent for on annual loan, instead of 1 percent.

“I don’t have a county or a city who can afford that,” said Sen. Rita Potts Parks (R-Corinth) who lives in the region of the state hit hardest by the January storm.

“You think about raining sleet for 36 hours,” said Parks. “We were over 72 hours with nothing because both transmission lines were down. We had people anywhere from five days to four weeks without power. That’s crushing. To think we can afford a 12 percent loan? …”

Lt. Gov. Delbert Hosemann, another Republican, suggested that Senate staff and the governor’s office had mutually agreed on a more affordable 1 percent annual rate, and called the monthly rate “an inadvertent typo,” according to MS Today.

“Notably, without striking the word ‘monthly,’ the language would have resulted in a 12 percent interest rate charge to cities and counties rather than the clearly intended and unanimously adopted 1 percent rate,” Hosemann said.

But Reeves said the removal of the language making the loan more affordable was “malicious,” and he tried to blame a Democrat for making the motion to remove the language on March 17.

“But the person who asked the Senate to change the language was Sen. Tyler McCaughn, a Republican from Newton, on March 13,” reports Mississippi Today. “McCaughn, on March 13, clearly states the bill number and the reason for removing the word monthly, saying that for local governments hit by the storm, “charging 12 percent is like kicking somebody when they are down … I don’t get it.”

“Further, attacking and accusing a Senate staffer of committing a criminal act in a veto message is malicious, unnecessary and false,” said Hosemann.

  • george conway
  • noam chomsky
  • civil war
  • Kayleigh mcenany
  • Melania trump
  • drudge report
  • paul krugman
  • Lindsey graham
  • Lincoln project
  • al franken bill maher
  • People of praise
  • Ivanka trump
  • eric trump
Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0004321
$0.0004321$0.0004321
+2.75%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Cashing In On University Patents Means Giving Up On Our Innovation Future

Cashing In On University Patents Means Giving Up On Our Innovation Future

The post Cashing In On University Patents Means Giving Up On Our Innovation Future appeared on BitcoinEthereumNews.com. “It’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress,” writes Pipes. Getty Images Washington is addicted to taxing success. Now, Commerce Secretary Howard Lutnick is floating a plan to skim half the patent earnings from inventions developed at universities with federal funding. It’s being sold as a way to shore up programs like Social Security. In reality, it’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress. Yes, taxpayer dollars support early-stage research. But the real payoff comes later—in the jobs created, cures discovered, and industries launched when universities and private industry turn those discoveries into real products. By comparison, the sums at stake in patent licensing are trivial. Universities collectively earn only about $3.6 billion annually in patent income—less than the federal government spends on Social Security in a single day. Even confiscating half would barely register against a $6 trillion federal budget. And yet the damage from such a policy would be anything but trivial. The true return on taxpayer investment isn’t in licensing checks sent to Washington, but in the downstream economic activity that federally supported research unleashes. Thanks to the bipartisan Bayh-Dole Act of 1980, universities and private industry have powerful incentives to translate early-stage discoveries into real-world products. Before Bayh-Dole, the government hoarded patents from federally funded research, and fewer than 5% were ever licensed. Once universities could own and license their own inventions, innovation exploded. The result has been one of the best returns on investment in government history. Since 1996, university research has added nearly $2 trillion to U.S. industrial output, supported 6.5 million jobs, and launched more than 19,000 startups. Those companies pay…
Share
BitcoinEthereumNews2025/09/18 03:26
Circle Expands USDC Into Africa Through Sasai Deal, Targeting Cross-Border Payments Boom

Circle Expands USDC Into Africa Through Sasai Deal, Targeting Cross-Border Payments Boom

USDC integration into Sasai signals rising stablecoin demand for cross-border trade and FX stability in Africa. Circle Internet Group agreed to a landmark partnership
Share
LiveBitcoinNews2026/03/25 06:39
USDC Treasury mints 250 million new USDC on Solana

USDC Treasury mints 250 million new USDC on Solana

PANews reported on September 17 that according to Whale Alert , at 23:48 Beijing time, USDC Treasury minted 250 million new USDC (approximately US$250 million) on the Solana blockchain .
Share
PANews2025/09/17 23:51