Tagged: tax cuts

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.

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.