Jan. 16, 2014Mo. |
By: Associated Press
Missouri Tax Cut Proposals
Missouri senators are taking their first look at the latest round of Republican tax-cut proposals.
A Senate committee scheduled a public hearing Thursday on three different tax-cutting bills.
One would cut taxes only for business income. Another would reduce Missouri's individual income tax rate. A third bill would phase in tax cuts for both businesses and individuals.
Republican legislative leaders have made an income tax cut a priority for the 2014 session. This year marks their second attempt at a tax cut. Last year, majority party Republicans failed to override a veto of a tax-cut bill by Democratic Gov. Jay Nixon.