Missouri tax revenues rose slightly last month, thanks to solid growth in income tax collections.
The leader of a conservative group said that it may recruit primary challengers to run against any Republican lawmaker who votes “no” on an attempt to override the veto.
“I think it’s going to go right down to the wire,” says Rep. Mike Colona, D-St. Louis. As for the Missouri Senate, Sen. Joe Keaveny hopes the Senate doesn’t even bring the bill up for a vote.
If Gov. Nixon signs it would mark the first decrease in Missouri’s income tax rate since 1921
“I think there’s been a maturing of the Tea Party movement obviously from 2009 till now,” said Dennis Lacomb, publisher of the Illinois Review.
Democratic Gov. Jay Nixon says it would shift the tax burden from corporations and affluent Missourians to those who can least afford it.
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The legislation given preliminary approval by the Republican-led Senate could mark Missouri’s most significant overhaul of its tax policies in a couple of decades.
The proposal would gradually reduce the state’s income tax rate by 1 percent while gradually increasing the state sales tax by one-half percent.