Tax cuts could rely on Foundation Formula under new compromise
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Tax cuts could rely on Foundation Formula under new compromise

Date: March 5, 2014
By: John Zupon
State Capitol Bureau
Links: SB 509

Intro: 
Less than a year after the governor vetoed a similar bill one Senator is looking to compromise with Nixon on tax cuts. CHECK WIRES, COULD COME BACK TO THIS TOPIC TONIGHT; MARCH 5.
RunTime:  0:34
OutCue:  SOC

Wrap: Jackson County Republican Senator Will Kraus sponsored a tax cut bill and says he and the governor’s office worked out a compromise that the governor could possibly sign.

Actuality:  TAXCUT00.WAV
Run Time:  00:04
Description: I think a reasonable bill has a reasonable chance, and that's all we can do at this point.

The proposal will keep tax cuts from kicking in until the School Foundation Formula is fully funded.

Columbia Republican Senator Kurt Schaefer says cutting a deal with the governor or his office is never set in stone.

Actuality:  TAXCUT07.WAV
Run Time:  00:06
Description: But I don't know that there is anyone in here who has ever cut a deal with the governors office and actually gotten it.

The Senate took no action on the bill.

Reporting from the state Capitol, I’m John Zupon

Intro: 
A tax cut bill compromise with the governor's office strikes up debate in the Missouri Senate. CHECK WIRES, COULD COME BACK TO THIS TOPIC TONIGHT; MARCH 5. 
RunTime:  0:34
OutCue:  SOC

Wrap: Jackson County Republican Senator Will Kraus sponsored a tax cut bill and made revisions to compromise with the governors office so it could possibly be signed into law.

Independence Democratic Senator Paul LeVota was against the compromise made between Kraus and the governor’s office.

Actuality:  TAXCUT01.WAV
Run Time:  00:06
Description: I guess what I'm saying is if you believe in the original purpose of the bill then you got to be against this because it does not even do that.

The governor vetoed a similar bill last year, citing concerns over funding for schools.

The governors office and Kraus struck a deal that would keep tax cuts from kicking in until the School Foundation Formula is fully funded.

Reporting from the state Capitol, I’m John Zupon.