We Have A Tax Cut: Missouri Legislature Overrides Governor’s Veto
It was a long road, but after a 23-8 override vote in the Missouri Senate yesterday and a 109-46 vote in the Missouri House today, Missouri has its first individual income tax cut in nearly a century. Senate Bill 509’s passage is a victory for taxpayers that stands in stark contrast to tax handouts, like Boeing’s, that have bedeviled reformers’ attempts to take the cronyism out of the state’s economic development efforts. This first tax cut is a small but important first step to ensuring every Missourian, not just a select few with special connections in Jefferson City, is empowered to make this state better.
Missouri is not a “low-tax state” yet, but today’s vote is a welcome opening salvo to get us there.