Showing posts with label Missouri Tax cut. Show all posts
Showing posts with label Missouri Tax cut. Show all posts

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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