Missouri lawmakers override veto, enact tax cut

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JEFFERSON CITY, MO (AP) - Missouri's Republican-led Legislature has enacted a highly contested income tax cut by overriding the veto of Democratic Gov. Jay Nixon.

The legislation will cut Missouri's top individual income tax rate for the first time in almost a century and make Missouri just the third state to enact a special deduction for business income reported on personal tax returns. The cuts will occur only if revenues keep growing.

Republicans have large majorities in the House and Senate but still needed Democratic help to achieve the two-thirds majority required for an overide.

Nixon had denounced the cut as a reckless financial experiment that could jeopardize funding for public education and state services.

Republicans made the measure a priority after failing last year to override Nixon's veto of a more expansive tax cut.

By David A. Lieb

17 comments

  • middleman

    Sales tax is an ugly way to make more revenue. If ByeBye is right about that part, it is a scandalous rip off of poor people and lower income elderly. There should never be a sales tax on food, clothes or medicine.

    • Marcus

      That’s a big if, and I would say that if you call your representative, or a representative that sponsored the bill, you’d know that’s not the case. I did.

  • "Opinionated"

    The truth of the matter is……

    “Conservatives” support lower taxes for all because people have a right to what they earn.

    “Liberals” support progressive taxation with high taxes for the rich in an attempt to equalize incomes through redistribution of earnings.

    Personally I am one who staunchly believes in constitutionally limited government, fiscal responsibility and free markets.
    To each his own.

  • Marcus

    Why should we all not pay Less to the State? Especially if the growing revenue clearly shows us that the State doesn’t need it!?

  • ByeByeToTheRite

    So, what are you hard-working Tea Party Republicans (term used loosely – I know most of you sit on your can on taxpayer-paid retirements, don’t lie) going to do with that WHOPPING $50 you and I will save on MO incomes taxes this year?

    Whew, I’m getting excited just THINKING about all the things to buy with it, and spurring the economy on by spending the FIFTY BUCKS and all! Ought to start creating thousands of jobs first day!

    Meanwhile, I’m sure the wealthy in MO are already on the phone with their tax accountant, planning on stashing more cash in the ol’ family trust fund! At your and my expense! And that’s the way they like it!

    You know what, Tea Party Republicans? The rich got you just where they want you suckers.

    • Steven Sweeney

      I fail to see the “50 bucks” or the sales tax increase you rant about.You’re just mad your dems got called out and shown to be the phonies and liars they are..HAHAHAHA Truth hurts doesn’t it? Mr. tax cuts are only for the wealthy…hahahaha

  • The Dude Abides

    ByeBye has his organic panties in a bunch!! If you have not noticed, they are already raising sales taxes to pay for parks (when Tommy Fooley) took the park money from the general revenue fund. He then used that money to pay off the union buddies.

  • Ken Fisher

    BBTTR, you are a most pitiable character to live such an angry, sour existence as you do. The bile that exudes from your comments must weep from your pores. Far from visiting your misery on those with other views, you invite it back onto yourself. I will pray for you even though I know you’ll hate that too.

  • Robert

    It’s nice to hear the State of Missouri is in good hands. Much better than that president that in no way should have gotten a second term. He has done nothing but ruin the nation.

  • Maggie

    Ol’ ByeBye is a failure at political blogging, computer tech and inet troll.

    No wonder, he spends all his time here, spewing hatred and failed leftist talking points.

Comments are closed.