Friday, April 24, 2009

Missouri planning to spend stimulus money as tax cut

By Jason Rosenbaum:

Republicans in the Missouri House threw a monkey wrench into the budgetary process with a proposal to use Missouri's share of federal stimulus money to cut the state income tax by $1 billion.

But with three weeks remaining in the session, both Democrats and Republicans are skeptical that a tax cut can pass.

The plan arose after members of the GOP caucus revolted, arguing that the House had gone on a pork-infested spending spree reminiscent of Washington, D.C.

On Friday, House Speaker Ron Richard, R-Joplin, told Fox News Friday afternoon that though he had heard from Washington that it would not be legal to use stimulus money for a tax break, the opinion did not stop him from planning to move forward.

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