Missing Discussion Point - The Missourian: Opinion

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Missing Discussion Point

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Posted: Friday, April 18, 2014 7:00 pm

The Missouri General Assembly has spent considerable time this session on a modest Republican income tax cut proposal that will be vetoed by Democrat Gov. Jay Nixon. The prospects for an override appear possible.

The legislation would cut income taxes from 6 percent to 5.5 percent and phase in a 25 percent deduction for business income reported on individual returns. The bill would result in cutting taxes by $620 million when fully implemented, which the governor says would cut deeply into other state programs, including education.

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