Missouri Democratic Governor Vetoes Income Tax Cut

Thursday, 01 May 2014 05:01 PM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

Missouri Gov. Jay Nixon has vetoed legislation cutting income taxes for millions of residents and thousands of business owners.

The Democratic governor vetoed the measure Thursday while raising concerns that it could jeopardize funding for schools and other services.

Republican legislative leaders have vowed to try to override the veto. That would require a two-thirds vote of both chambers, meaning Republicans would need to vote as a block and pick up support from at least one House Democrat.

Nixon also vetoed an income tax cut last year, which the Legislature was unable to override.

This year's measure would gradually reduce the top individual income tax rate from 6 percent to 5.5 percent and phase in a new 25 percent deduction for business income reported on personal tax returns.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

WSJ's Jason Riley: Anti-Police Narrative Harms Poor Blacks

Wednesday, 26 Nov 2014 12:45 PM

The real tragedy in Ferguson is that the continued focus by liberal commentators and black leaders on the number of blac . . .

Vets Groups: Hagel Did Best He Could With 'Hand He Was Dealt'

Wednesday, 26 Nov 2014 12:25 PM

The surprise resignation of Secretary of Defense Chuck Hagel left sadness and regret among both veterans' groups and act . . .

Black Friday to Lure 140 Million Shoppers Amid Rebound

Wednesday, 26 Nov 2014 11:52 AM

An estimated 140 million U.S. shoppers will hit stores and the Web this weekend in search of post-Thanksgiving discounts . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved