Jon Carpenter

Marshall Griffin/St. Louis Public Radio

The Missouri House has given first-round approval to two separate but similar tax-cut bills.

Marshall Griffin/St. Louis Public Radio

Democrats in the Missouri House unveiled on Monday their proposal to cut taxes, as Republican leaders prepare to attempt another major tax cut.

Currently, the top state income tax rate in Missouri is 6 percent.  The Democrats' proposal, House Bill 1328, would lower that rate to 4 percent for residents earning $30,000 a year or less.  Those earning just over $30,000 up to $300,000 a year would still pay a 6 percent rate, while the rate for those earning more than $300,000 a year would rise to 8 percent.  The bill is sponsored by state Rep. Jon Carpenter, D-Gladstone.

(via Flickr/jimbowen0306)

A proposal to cut state income taxes in Missouri for both individuals and businesses is on its way to Governor Jay Nixon (D).

Marshall Griffin/St. Louis Public Radio

The Missouri House has passed a Senate bill that would overhaul the state’s income and sales taxes, but not before making a few changes.