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.