Missouri Senate passes tax cut bill
"As Missouri continues to fall further behind other states, 18 states last year cut taxes, 2 cut taxes this year, this bill is a people’s tax cut. This is a bill that sends taxpayer dollars back to the people, puts more money in the economy, and will grow the economy," he said. Earlier versions of Kraus’ bill would have triggered tax cuts only when Missouri’s K-through-12 schools become fully funded, and would have also capped tax credits for historic preservation and low-income housing. Governor Nixon is on record that he will veto any tax cut that prevents full K-through-12 school funding and that leaves tax credit reform unaddressed.