Friday, 10 May 2013 13:25
Nixon seems likely to veto income tax cut
JEFFERSON CITY, Mo. (AP) - Gov. Jay Nixon has indicated that he's likely to veto legislation that would cut Missouri income taxes for businesses and individuals.
Nixon said Friday that he has "serious concerns" about the income cut passed a day earlier by the Legislature. He called it fiscally irresponsible and said it could jeopardize funding for higher education, prisons and other government services.
The tax cut was a priority of the Republican-led Legislature and is meant to counteract recent income tax reductions in Kansas.
The Democratic governor estimated that it could eventually drain more than $800 million annually from state revenues.
The measure would essentially cut the income tax in half for businesses and reduce the top tax rate for individuals from 6 percent to 5.5 percent over the next decade.
Published in
Local News
Latest News
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
Enterprise Holdings increasing hiring of veterans
Enterprise Holdings is increasing their hiring of veterans as we head into Memorial Day Weekend. The company says they have already hired more than 600 vets this year and plan to ...
Last day to drop off donations as part of "STL 4 OKC"
It is the last day to donate items as part of the STL 4 OKC campaign. Mayor Francis Slay, County Executive Charlie Dooley, and Rams Quarterback Sam Bradford were all on hand this ...
Illinois Judge pleads not guilty for drug, gun possessi…
An Illinois judge whose colleague died of a cocaine overdose while the two were on a hunting trip together has been charged with possession of heroin and guns. St. Clair County Ci...
Illinois House passes conceal carry law
SPRINGFIELD, Ill. (AP) - The Illinois House has approved a plan to allow qualified gun owners to carry their weapons in public. Illinois is the only state in the country without a...
Relative accused of sexually assaulting 2-year-old girl
Reports of a disturbing case of sexual assault coming from Belleville. A 45-year-old man is in custody after allegedly raping a 2-year-old girl. Officers say there was a witness p...
UPDATE: ATF fugitive captured
The hunt for a fugitive in the St. Louis area is over. The ATF reports that agents have captured Excedrin Collins. The alert for Collins was sent out by the Kansas City ATF office...
TRUCK IN WASH. SPAN COLLAPSE HAULED DRILLING EQUIP
MOUNT VERNON, Wash. (AP) — A truck hauling a too-tall load of drilling equipment hit an overhead bridge girder on the major interstate between Seattle and Canada, sending a section...
School bus overturns on I-55
Six people are hurt after an accident involving a school bus on I-55. It happened in the southbound lanes of I-55 just past 7th Street shortly before 9 am. The school bus was turne...
