tax cut http://kbia.org en Nixon Warns Of Huge Cuts In Local Services Because Of Legislature's Last-Minute Tax Cuts http://kbia.org/post/nixon-warns-huge-cuts-local-services-because-legislatures-last-minute-tax-cuts <strong>(Updated Thursday, May 29)</strong><p>Missouri Gov. Thu, 29 May 2014 13:48:59 +0000 Jo Mannies 53714 at http://kbia.org Nixon Warns Of Huge Cuts In Local Services Because Of Legislature's Last-Minute Tax Cuts Tax cut worries educators about funding for schools http://kbia.org/post/tax-cut-worries-educators-about-funding-schools <p>Business and education groups are again drawing battle lines over a Missouri proposal to cut state income taxes.</p><p> Mon, 28 Apr 2014 20:18:09 +0000 Associated Press 52089 at http://kbia.org Tax cut worries educators about funding for schools Gov. Nixon raises new concern about income tax cut http://kbia.org/post/gov-nixon-raises-new-concern-about-income-tax-cut <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;"><span style="color: rgb(0, 0, 0); font-family: Georgia, 'Times New Roman', Times, serif; font-size: 14px; line-height: 1.5;">&nbsp;&nbsp;</span>Missouri Gov. Jay Nixon is raising new concerns that an income tax cut passed by the Legislature could have "cataclysmic" consequences for state revenues.</p> Tue, 22 Apr 2014 22:19:21 +0000 The Associated Press 51780 at http://kbia.org Gov. Nixon raises new concern about income tax cut Analysis: Mo. business tax break has wide reach http://kbia.org/post/analysis-mo-business-tax-break-has-wide-reach <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">A tax-cut bill pending before Missouri Governor Jay Nixon would create a special deduction for thousands of business owners.</p><p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">Nixon has criticized the measure as a giveaway to lawyers and lobbyists. But that may be oversimplifying the issue.</p> Mon, 21 Apr 2014 13:57:45 +0000 Associated Press 51668 at http://kbia.org Analysis: Mo. business tax break has wide reach Missouri Senate passes tax cut bill http://kbia.org/post/missouri-senate-passes-tax-cut-bill-0 <div style="color: rgb(40, 40, 40); font-family: 'Segoe UI WPC', 'Segoe UI', Tahoma, 'Microsoft Sans Serif', Verdana, sans-serif; font-size: 15px; line-height: normal; margin: 0px 0px 10pt;"><span style="color: rgb(0, 0, 0); font-family: Georgia, 'Times New Roman', Times, serif; font-size: 14px; line-height: 1.5;">&nbsp;&nbsp;</span><span style="font-size: 14pt; font-family: Arial, sans-serif;">The Missouri Senate has finally passed a tax cut bill, after different versions were blocked by Republicans who opposed a compromise between the fellow GOP sponsor and Democratic Governor Jay Nixon.&nbsp; The bill now on its way to the Missouri House would cut the individual income tax rate from 6 percent to 5-and-a-half percent and phase in a 25 percent deduction on business income.&nbsp; The changes would not take effect until 2017.&nbsp; The measure is sponsored by Republican Senator Will Kraus of Lee’s Summit.&nbsp;</span></div><div style="color: rgb(40, 40, 40); font-family: 'Segoe UI WPC', 'Segoe UI', Tahoma, 'Microsoft Sans Serif', Verdana, sans-serif; font-size: 15px; line-height: normal; margin: 0px 0px 10pt;"> Tue, 01 Apr 2014 22:15:53 +0000 Marshall Griffin 50610 at http://kbia.org Missouri Senate passes tax cut bill House Republicans vote against veto of income tax cut legislation http://kbia.org/post/house-republicans-vote-against-veto-income-tax-cut-legislation <p>Missouri&nbsp;House Republicans were told they could face primary opposition this year if they voted to sustain Governor Jay Nixon's veto of income tax cut legislation.</p><p> Mon, 31 Mar 2014 21:14:18 +0000 Associated Press 50521 at http://kbia.org House Republicans vote against veto of income tax cut legislation New estimate puts Missouri tax cut bill at $620M http://kbia.org/post/new-estimate-puts-missouri-tax-cut-bill-620m <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">A new estimate puts the eventual cost of a&nbsp;<font color="red">Missouri</font>&nbsp;Senate&nbsp;<font color="red">income</font>&nbsp;<font color="red">tax</font>&nbsp;cut plan at more than $620 million annually.</p><p> Mon, 31 Mar 2014 13:30:47 +0000 Associated Press 50496 at http://kbia.org New estimate puts Missouri tax cut bill at $620M Tax Cuts, Student Transfers May Dominate Missouri Legislature's 2014 Session http://kbia.org/post/tax-cuts-student-transfers-may-dominate-missouri-legislatures-2014-session The Missouri General Assembly's 2014 session is underway, and the first day sounded a lot like last year's session.<p><span style="line-height: 1.5;">In his opening remarks, House Speaker Tim Jones, R-Eureka, laid out his agenda for this year's regular session: medical malpractice reform, making Missouri a right-to-work state, and cutting taxes.</span><p><span style="line-height: 1.5;">"</span><span style="line-height: 1.5;">Missourians need and want lower </span>taxes," Jones said. Wed, 08 Jan 2014 23:01:33 +0000 Marshall Griffin 46391 at http://kbia.org Tax Cuts, Student Transfers May Dominate Missouri Legislature's 2014 Session New year means Mo. wage hike, business tax cut http://kbia.org/post/new-year-means-mo-wage-hike-business-tax-cut <p></p><p><span style="line-height: 1.5;">Wages will rise for&nbsp;Missouri's&nbsp;low-income workers and taxes will fall for some corporations when the new year arrives.</span></p><p>Missouri's&nbsp;minimum wage will increase for about 100,000 workers from $7.35 an hour to $7.50. The increase is a result of an annual inflationary adjustment included in a law passed by voters in 2006.</p><p>The state's corporate franchise tax rate also will ratchet down in 2014. That's the result of a 2011 law passed by legislators that gradually phases out the franchise tax by 2016.</p> Mon, 30 Dec 2013 22:47:12 +0000 Associated Press 45999 at http://kbia.org New year means Mo. wage hike, business tax cut Votes on Mo. income tax cut could draw challengers http://kbia.org/post/votes-mo-income-tax-cut-could-draw-challengers <div>A conservative Missouri political committee says it may recruit candidates to run in primary elections against Republican legislators who vote against an income tax cut.</div><p> Fri, 23 Aug 2013 23:09:39 +0000 Associated Press 39365 at http://kbia.org Votes on Mo. income tax cut could draw challengers Attempt At Override Of Income Tax Veto Unlikely, Speaker Says http://kbia.org/post/attempt-override-income-tax-veto-unlikely-speaker-says The income tax bill that would eventually reduce income tax rates by about a half of a percent is likely to not be brought up in veto session next month, according to Missouri House Speaker Tim Jones (R-Eureka).<p>Appearing on St. Louis Public Radio's and the St. Tue, 30 Jul 2013 18:35:25 +0000 Chris McDaniel 37976 at http://kbia.org Attempt At Override Of Income Tax Veto Unlikely, Speaker Says Why are Mo. politicians so riled up about the tax cut bill? http://kbia.org/post/why-are-mo-politicians-so-riled-about-tax-cut-bill <p></p><p>This week Como Explained dives into the tax cut bill the Governor vetoed. It's not dead yet.</p><p>We’ve talked about the <a href="http://www.kbia.org/post/how-does-veto-proof-super-majority-work">Republican veto-proof majority</a> on this show before. Well, that’s one of the main causes behind a situation playing out in Jefferson City (and across the state) right now.</p><p>Republicans <a href="http://www.house.mo.gov/billsummary.aspx?bill=HB253">pushed a bill through the legislature</a> this year that would reduce the personal income tax rate by half a percentage point and the corporate rate by three points.&nbsp; Both would be phased in over the next 10 years. Many Republicans touted the bill as one of their key accomplishments in the 2013 session, and if it becomes law, it will likely be the most noticeable change in the state that comes out of this past session. Thu, 27 Jun 2013 00:20:17 +0000 Ryan Famuliner 36115 at http://kbia.org Why are Mo. politicians so riled up about the tax cut bill?