The Patriot Post® · Show Me the Tax Cuts


https://patriotpost.us/articles/25537-show-me-the-tax-cuts-2014-05-08

The Missouri legislature successfully overrode Democrat Gov. Jay Nixon’s veto of major tax cuts this week, paving the way for the Show Me State to better compete with its lower-tax neighbors. Taxes have now been cut from a top rate of 6% to 5.5%, which is still higher than even Illinois. Oklahoma and Kansas have both cut income taxes in recent years, and Kansas is seeking to eliminate it altogether. Missouri’s tax reform leaves $620 million annually in the hands of businesses and workers, which is good news considering Missouri’s 6.7% unemployment rate – also unfavorable to neighboring states. Democrats may complain about “lost revenue,” but these tax cuts will give a much-needed boost to the economy.