A Missouri Senate interim committee examining the state's Medicaid system voted this afternoon to adopt a draft report that recommends using managed care companies to provide health coverage to more of Missouri's working poor.
The Missouri Senate has given first-round approval to a phased-in tax overhaul designed to help the Show-Me State compete with neighboring Kansas, which recently slashed its tax rates.
Senate Bill 26 would lower state income taxes for individuals and corporations by three-quarters of a percentage point while raising the state sales tax by half a point. Both would be phased in over a five-year period. State Senator Will Kraus (R, Lee’s Summit) says it would result in a revenue loss of around $450 million a year.