tax cuts

Tax Cuts
9:25 pm
Wed February 19, 2014

Missouri House Endorses Tax Cut Bills

Mo. House floor
Marshall Griffin/St. Louis Public Radio

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

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State budget
4:47 pm
Thu February 13, 2014

Nixon Outlines Requirements For Tax Cut Plan That He Could Support

Missouri Gov. Jay Nixon
Credit 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.

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Tax Cuts
2:59 pm
Tue February 11, 2014

Tax Cut Debate Underway In Missouri Senate

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.

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Politics & Issues
5:35 am
Wed January 29, 2014

Tax Cut Proposal Passes Mo. House Committee; Testimony Heard On Tax Credit Package

The Mo. House Ways and Means Committee, shortly before passing HB1253 by a 9-6 vote.
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. 

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Politics & Issues
11:14 pm
Thu January 23, 2014

Nixon Calls Senate Tax-Cut Proposal 'Fiscally Irresponsible'

Gov. Jay Nixon lauds new GM vehicles during visit to St. Louis Auto Show
Credit 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.”

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On the Trail
5:13 am
Wed January 15, 2014

Sinquefield Still Reigns Supreme Among State's Biggest Individual Donors

Rex Sinquefield

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.

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Tax Cuts
10:28 am
Tue January 14, 2014

Missouri House Democrats Propose Alternate Tax Cut Plan

Surrounded by fellow House Democrats, State Rep. Jon Carpenter of Gladstone discusses his tax cut bill.
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.

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Higher Education
6:46 pm
Mon October 21, 2013

Nixon Says He'll Propose 'Substantially' Larger Mo. Higher Ed. Budget Next Year

Mo. Gov. Jay Nixon (D) speaking to Higher Education officials in Jefferson City on Oct. 21, 2013.
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.

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Tax cut bill/veto session
4:52 pm
Thu September 19, 2013

'Famous 15' To Meet Friday To Discuss Proposals For Tax Bill In 2014

Rep. Lynn Morris (R, Ozark). Morris will be hosting Friday's meeting of the "Famous 15" at Family Pharmacy's corporate offices in Ozark, Mo.
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.

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Mo. State Budget
6:25 pm
Thu September 12, 2013

Mo. Gov. Nixon Releases $215 Million For State Needs; GOP Lawmaker Accuses Him Of 'Bullying'

Mo. Gov. Jay Nixon (D).
Bill Greenblatt/UPI

Governor Jay Nixon (D) has released just over half of the $400 million he withheld earlier this year from Missouri's current state budget.

In a press release, he announced that $215 million will be divvied up among K-12 schools, higher education, mental health programs and specific programs for training health care professionals in southwest Missouri.  Nixon released the money Thursday, one day after Republican lawmakers failed to override his veto of a controversial tax cut bill.

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