Credit rating agencies warn that allowing a Missouri income tax bill to become law could have a negative impact on the state's credit rating.
“We believe that if the Missouri legislature overrides the governor’s veto and enacts the legislation, and the federal government passes the Marketplace Fairness Act, it has the potential to result in a significant financial impact to the state, despite requirements for the maintenance of a balanced budget," Standard & Poor's wrote.
Every week, St. Louis Public Radio’s Chris McDaniel joins the St. Louis Beacon’s Jo Mannies and Jason Rosenbaum to talk about the week’s politics.
On this week's episode: Missouri Senator Eric Schmitt (R-Glendale) joins as a guest to have a "free-wheeling and fun conversation" on the income tax bill the governor vetoed. Then we run through some news: the auditor's finding on the Hancock Amendment, as well as the Jefferson-Jackson Dinner.
Next week, Democratic Senator Jamilah Nasheed will join the program.
Occupy movement protesters blocked traffic outside Bank of America's regional headquarters Tuesday in downtown St. Louis. The group, including union workers, students, retirees, and clergy, staged a mock-game of dodge ball to protest how, in their view, corporations dodge paying their fair share of taxes.
Zach Chasnoff, an organizer for the group, says the movement chose the IRS's filing deadline to call attention to an unfair tax system that favors corporations over citizens.