Barbara Shelly

May 6, 2014 12:02 PM

Tax cuts gone bad? Hey, not my problem

It is a fait accompli. A done deal. By the barest of margins, the Missouri General Assembly has overridden Gov. Jay Nixon’s veto of a bill that phases in income tax cuts. Most Missourians, eventually will receive between $30 and $70 a year. That’s hardly the “welcome tax relief” supporters of the tax cut bill are boasting about, but it’s a hit of $600 million or more a year to the state’s budget each year.

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