tax cuts

Nixon Criticizes Tax Cut Bill, But Stops Short Of Committing Veto

Chris McDaniel — Mon, 20 May 2013 20:47:35 +0000

Democratic Governor Jay Nixon took part in a groundbreaking ceremony in Chesterfield Monday, where Reinsurance Group of America announced it is bringing 300 new jobs the area.

Republicans in the Missouri General Assembly passed a bill this year that would cut income taxes – aimed at attracting more businesses and competing with nearby states like Kansas.

Nixon will now have to decide whether to sign or veto the bill. But he told reporters afterward that drastic changes like the tax cut are bad for business.

Mo. Gov. Nixon Criticizes Tax Cut Bill, 8-Month DMV Funding

Marshall Griffin — Fri, 10 May 2013 22:25:10 +0000

Governor Jay Nixon (D) delivered a mixed report card Friday on the state budget and other bills passed by the Republican-controlled Missouri General Assembly this week.

While he complimented lawmakers for increasing funding for K-12 schools and higher education, he also criticized them for passing legislation that would cut state income tax rates for individuals and corporations. He told reporters that the bill would gut state revenues by more than $800 million.

"The equivalent of wiping

Scaled-Back Tax Cut Legislation Sent To Mo. Gov. Nixon

Marshall Griffin — Fri, 10 May 2013 08:08:03 +0000

A proposal to cut state income taxes in Missouri for both individuals and businesses is on its way to Governor Jay Nixon (D).

House Bill 253 would reduce the personal income tax rate by half a percentage point and the corporate rate by three points. Both would be phased in over the next 10 years, instead of five as originally proposed.

Proposed Tax Cut Scaled Back By Mo. Senate Republicans

Marshall Griffin — Wed, 08 May 2013 10:18:35 +0000

Republicans in the Missouri Senate have scaled back a proposal to cut state taxes in order to emulate tax cuts in neighboring Kansas and Oklahoma.

Governor Jay Nixon (D) has strongly objected to the bill's sales tax hike, saying it would hurt the poor and elderly the most. That provision has been dropped. House Bill 253 would now cut the personal income tax rate by half a percentage point and the corporate rate by three points, and phase them both in over the next 10 years. Republican Will Kraus of Lee’s Summit is handling the measure in the Sen

Mo. House Sends Amended Income Tax Cut/Sales Tax Hike Back To Mo. Senate

Marshall Griffin — Thu, 25 Apr 2013 07:02:34 +0000

The Missouri House has passed a Senate bill that would overhaul the state’s income and sales taxes, but not before making a few changes.

First, the sales tax hike would be six-tenths of a percentage point, slightly higher than the Senate’s half-a-point, and extra revenues would go toward roads, schools and a new state mental hospital at Fulton. The income tax cut is slightly smaller – two-thirds of a percentage point instead of thr