House committee passes income tax cuts, sales tax increase
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House committee passes income tax cuts, sales tax increase

Date: April 16, 2013
By: Nick Thompson
State Capitol Bureau
Links: SB 26

Intro: 
A Missouri House committee has advanced a Senate-endorsed measure to cut the state's income tax rates and raise the state sales tax.
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OutCue:  SOC

Wrap: Tax cuts have become a major legislative priority for many Republicans in Missouri this year who worry that the state will struggle to keep up economically with Kansas.

And St. Louis City Republican Representative Dwight Scharnhorst says Ronald Reagan was right: government is the problem and Missouri needs to slash rates.

Actuality:  ARNTAX1.WAV
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Description: "My opinion is that the more taxes citizens pay to the government, the less activity you will see in the marketplace."

But, the left-leaning Missouri Budget Project says tax cuts in Missouri will cause harmful cuts to state services.

The House committee made a minor change to the Senate bill to require that the increase in revenue from the previous fiscal year must exceed 100 million dollars for the tax cut provisions to take effect.

Reporting from the state capitol, I'm Nick Thompson.  

 


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