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News Brief

June 12, 2013Jefferson City, MO |  By: AP

Income Tax Veto

Missouri Gov. Jay Nixon is pressing his case on why he vetoed legislation that would cut Missouri's income tax rate for the first time in more than 90 years.

Nixon told higher education leaders Tuesday the cut would create an $800 million budget hole that would be the equivalent of eliminating all state support for higher education institutions. He says lawmakers either can support higher education or the tax cut but not both.

The Democratic governor urged the education officials to talk to their state lawmakers about the importance of upholding the veto.

Legislators meet in September to decide whether to override any vetoes.

The income tax cut was a top priority for the Republican-led Legislature. It was designed as a response to a similar proposal last year in Kansas.