Tax Cuts | St. Louis Public Radio

Tax Cuts

Rici Hoffarth | St. Louis Public Radio

Identical proposals in the Missouri House and Senate would overhaul Missouri’s tax code and slash more than a billion dollars in state revenue.

In a nutshell, the bill would lower the top state income tax bracket to 4.8 percent, which is lower than the tax cut that passed three years ago capping the top rate at 5.5 percent. The proposal would also completely exempt anyone who makes less than $4,000 a year from paying state income taxes.

Missouri state Treasurer Eric Schmitt
Carolina Hidalgo | St. Louis Public Radio

On the latest edition of the Politically Speaking podcast, St. Louis Public Radio’s Jason Rosenbaum and Jo Mannies welcome back state Treasurer Eric Schmitt to the program.

With his latest appearance, Schmitt becomes the first elected official to be on the show for the fifth time. He was a guest during his tenure as a state senator representing a portion of St. Louis County.

U.S. President Donald J. Trump delivers his remarks to a crowd of invited guests in St. Charles, Missouri on November 29, 2017.
Kae Petrin I St. Louis Public Radio

President Donald Trump made grand promises Wednesday that a pending federal tax overhaul will bring jobs back to "Main Street America'' by revamping a "dysfunctional'' tax system and providing tax cuts for working families.

He told a packed audience at the St. Charles Convention Center that only Democrats like Missouri's U.S. Sen. Claire McCaskill stood in the way of a more prosperous future.  The president portrayed McCaskill, a former prosecutor, as a tax-cut opponent who is "weak on crime,  weak on the border, weak on the military."

Supporters and opponents of President Donald Trump clashed for several hours outside of the St. Charles Convention Center where he spoke Wednesday afternoon. Police intervened several times.  11/29/17
Brit Hanson | St. Louis Public Radio

Updated at 3:45 p.m. — Hours before President Donald Trump was expected to call for changes to the federal tax code that he claims will boost the nation’s economy, protesters gathered outside of the St. Charles Convention Center.

Nearly 100 people who oppose the president and his policies held signs that read “LIAR” and chanted slogans like “Save America, Impeach Trump.” There were clashes between people who came to support the president and those who oppose him.

But the dominant message on St. Charles streets was that Trump’s presidency has been bad for the nation, particularly members of minority groups.

Republican Presidential candidate Donald Trump points to protesters that he tells to "get out," during his speech at the Peabody Opera House in St. Louis on March 11, 2016.
File photo, Bill Greenblatt | UPI

As President Donald Trump makes a pitch Wednesday for a federal tax overhaul, he plans to cast the city of St. Charles as an example of the “Main Street economy’’ he wants to help flourish across the country.

That’s the word from senior White House officials, who briefed regional reporters ahead of time on Trump’s key topics during an address Wednesday afternoon at the St. Charles Convention Center.

Donald Trump leaves the stage after a March 2016 speech at the Peabody Opera House.
File photo I Bill Greenblatt | UPI

President Donald Trump will promote federal tax cuts on Wednesday during an afternoon event at the St. Charles Convention Center.

This will be his first visit to the St. Louis area – and his second to Missouri — since taking office almost a year ago.

Congressman John Shimkus, November 2017
Jason Rosenbaum I St. Louis Public Radio

On the latest edition of the Politically Speaking podcast, St. Louis Public Radio’s Jason Rosenbaum and Jo Mannies welcome back U.S. Rep. John Shimkus to the show for the third time.

Shimkus is a Collinsville Republican who was first elected to the U.S. House in 1996. He represents the enormous and heavily Republican 15th congressional district, which encompasses a big chunk of southern Illinois. In fact, since redistricting went into effect in 2012, Shimkus says his district appears to be the largest – area-wise – of any district east of the Mississippi River.

Gage Skidmore | Flickr

UPDATED Thursday, Nov. 16, with U.S. House vote:

Top Missouri and Illinois officials in both parties are becoming increasingly active in the fight over proposed federal tax cuts, which now have a health care component.

Missouri’s two U.S. senators – Democrat Claire McCaskill and Republican Roy Blunt – illustrate the opposing sides. He’s for the latest version of the bill, while she’s against it.

The U.S. House version passed Thursday, with Rep. Ann Wagner of Ballwin among all six Missouri Republicans voting for it.  The state's two Democrats -- Lacy Clay of St. Louis and Emanuel Cleaver of Kansas City -- opposed the bill.

(via Flickr/Tracy O)

A group that advocates for low-income Missourians is warning that a drop in revenues two months ago could get worse unless lawmakers take action next year.

Amy Blouin is executive director of the Missouri Budget Project.  She says revenue is currently projected to grow at only 4.1 percent, meaning that the state is facing a budget shortfall of $216 million.

arty representation of jackson on currency
_J_D_R_ | Flickr

The state of Missouri’s income collections for June are down more than 22 percent, compared to a year ago. 

That sharp decline is among the reasons Gov. Jay Nixon’s administration will not be implementing the first phase of a state income tax cut that had been scheduled to go into effect when the new fiscal year began last Friday.

In fact, Nixon is planning a news conference Wednesday to announce possible cuts or withholdings he may make in the new budget, which kicked in on July 1.

(UPI/Bill Greenblatt)

(Updated Thursday, May 29)

Missouri Gov. Jay Nixon says that local governments stand to lose almost as much money as the state because of a final tax-cutting spree by the General Assembly before it adjourned earlier this month.

All told, Nixon said Wednesday, local jurisdictions around Missouri — from city halls to fire districts, libraries and ambulance services — could lose $351 million in annual sales tax revenue because of “a grab bag of giveaways’’ approved by legislators.

/ Claire McCaskill's congressional office

Politics can be a 24/7 occupation, as anyone with a cell phone, computer or cable subscription knows. It's not hard to find political news, commentary or just plain rants. They are everywhere. Sometimes it takes a little more digging to find the context, perspective or background on major issues of the day.

Once a week, our political team shares stories that gave them insight into the news of the day or perhaps just some reading pleasure.

Veto overrides

Marshall Griffin/St. Louis Public Radio

The Missouri House acted quickly Tuesday to override Gov. Jay Nixon's veto of a tax-cut bill that is estimated to cut the state's revenue by about $620 million a year when fully implemented.

The House obtained the exact number of votes needed — 109 — with the help of one Democrat, Rep. Keith English of Florissant.  He joined all of the chamber's 108 Republicans.

The House joined the Senate, which voted 23-8 on Monday to override the governor's veto, which he issued last week.

Jason Rosenbaum/St. Louis Public Radio

The Politically Speaking crew this week returns to a “split show” format. On the first part of the show, St. Louis Public Radio reporters Chris McDaniel, Jason Rosenbaum and Jo Mannies discuss the expectations for the General Assembly’s home stretch.

  Note: You can subscribe to us on iTunes now.

(Marshall Griffin/St. Louis Public Radio)

With a new tax-cut package on his desk, Missouri Gov. Nixon has zeroed in on a new “fatal flaw’’ that his administration says could wipe out 65 percent of the state’s general-revenue income used to fund most state services and aid to public schools.

The details may be different, but the basic argument mirrors last year’s fight, when Nixon successfully killed a tax-cut bill by highlighting flaws that he said would cost the state's treasury – and the public – far more than the bill’s backers had intended.

Marshall Griffin/St. Louis Public Radio

A controversial tax cut proposal has been sent to Gov. Jay Nixon, after the Missouri House passed it late Wednesday afternoon.

Flickr/David_Shane

The Missouri Senate passed a tax cut bill, after two different versions were blocked by Republicans who opposed a compromise between the GOP sponsor and Gov. Jay Nixon, a Democrat.

Missouri Gov. Jay Nixon and some potential allies in the latest legislative battle over tax cuts stepped up their attack Thursday on two fronts.

Just as the General Assembly was leaving for its long weekend, the governor issued a statement making clear that the tax-cut measures that the House and Senate have been considering so far don’t meet his standards for approval.

Marshall Griffin/St. Louis Public Radio

A proposed tax cut that conformed to conditions laid out by Gov. Jay Nixon was radically altered Monday in an effort to move the overall proposal forward.

Marshall Griffin/St. Louis Public Radio

The Missouri Senate has begun debate on a compromise tax cut brokered last month between Gov. Jay Nixon, a Democrat, and state Sen. Will Kraus, R-Lee's Summit.

Marshall Griffin/St. Louis Public Radio

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

Marshall Griffin, KWMU

(Updated 12:45 p.m. Fri., Feb. 14)

Missouri Gov. Jay Nixon has unveiled a tentative deal for a tax-cut package made with some Republicans in the state Senate, but his requirements could delay when -- or if -- the cuts go into effect.

Marshall Griffin/St. Louis Public Radio

Debate has begun in the Missouri Senate on this year's attempt to cut the state's income tax rate.

Marshall Griffin/St. Louis Public Radio

Tax cuts and tax credits were the center of attention at hearings conducted by two Missouri House committees Tuesday night.

First, the House Ways and Means Committee approved this year’s attempt to cut taxes.  House Bill 1253, or the Broad-Based Tax Relief Act of 2014, would tie the state’s income tax rate for business owners to economic growth, dropping the tax rate by 10 percent each year if certain conditions are met, with the ultimate goal of cutting taxes by 50 percent. 

Jo Mannies/St. Louis Public Radio and the Beacon

Missouri Gov. Jay Nixon has swiftly attacked a state Senate panel’s action to approve a phased-in tax cut that he estimates will cost the state $1 billion a year when fully implemented.

Nixon called it a “fiscally irresponsible tax experiment.”

When it comes to campaign financing, one name stands out: Rex Sinquefield. 

In 2013, an off year politically, the retired financier gave millions in campaign contributions — primarily to ballot initiatives and political action committees. Most of Sinquefield's money went toward an ultimately unsuccessful campaign to override Gov. Jay Nixon's veto of tax cut legislation. Sinquefield also gave hundreds of thousands of dollars for ballot initiatives, including one to curtail teacher tenure.

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.

Marshall Griffin/St. Louis Public Radio

Missouri Governor Jay Nixon (D) says next year he's going to propose a Higher Education budget that's "substantially" higher that it's been in recent years.

Nixon made that promise Monday to a group of Higher Education officials meeting in Jefferson City, though he won't say yet how high his proposed budget hike will be.  He also suggested that his higher budget proposal could be rendered moot if this year's failed income tax cut legislation is revived next year.

Mo. House Communications

The so-called "Famous 15" Missouri Republican House Members who voted "no" on a controversial tax cut bill during last week's veto session are set to meet Friday to plan their next steps.

This article originally appeared in the St. Louis Beacon: In the wake of the Missouri Legislature's failure to override Gov. Jay Nixon's veto of a tax-cut bill, some Republicans called out the 15 members of their party who went against the leadership and the rest of the caucus.

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