Missouri House approves new round of income tax cuts

JEFFERSON CITY, Mo. — Just months after the General Assembly passed the largest tax cut in state history, the Missouri House approves another round of cuts.

By a party-line vote, the lower chamber approved a proposal Thursday to reduce Missouri’s income tax rate, cut the corporate income tax and eliminate the tax on social security. While some Republicans say it was a priority, Democrats warn this could hurt the state financially in the future.

“It may be the largest, most irresponsible thing that we could possibly be doing at this moment,” House Minority Leader Crystal Quade, D-Springfield, said after Thursday’s vote.

The full article is available at ozarksfirst.com.