Missouri Democratic Governor Vetoes Income Tax Cut

Thursday, 01 May 2014 05:01 PM

 

Share:
  Comment  |
   Contact Us  |
  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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  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

Bill Clinton: World's Borders More 'Like Nets Than Walls'

Friday, 19 Sep 2014 06:14 AM

Power is more diffuse in a technologically advanced world, and that means inclusiveness is the only way to battle the wo . . .

Report: Washington Full of Cell Phone Spying Devices

Thursday, 18 Sep 2014 22:12 PM

The Washington, D.C., area is littered with devices that spy on users' cellphones, and one expert thinks they were plant . . .

Man Kills Daughter, Six Grandchildren in Murder-Suicide

Thursday, 18 Sep 2014 21:43 PM

A 51-year-old Florida man shot dead his daughter and six grandchildren in his home before killing himself on Thursday, a . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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