Missouri House Tax Cut Votes

24 Mar

The Missouri House voted to pass two tax cuts back in February. While this was long ago, I thought I should post about it, in order to get the votes of our local representatives reported upon.

According to Rep. Warren Love (R – 125th, Osceola):

– The first bill (HB 1253) would implement a 50 percent deduction for Missouri business income. It would also cut corporate income tax from 6.25 percent to 3.125 percent over a five-year period. State revenues would have to remain above the level they were at in 2012 for these tax savings to be phased in.

– The second bill (HB 1295) would implement a reduction of the individual income tax rate from 6 percent to 5.3 percent over a period of 7 years. For individuals who earn less than $20,000 annually, it increases the current deduction from $2,100 to $3,100. In addition, this bill includes the business income tax deduction. In order to protect education funding, the legislation also requires revenues to increase by $150 million annually.

All local GOP reps (Gannon, Wieland, McCaherty) voted yes on both bills. Rep. Elaine Gannon opposed the tax cut bill last year, which attracted much criticism from the state GOP.

All local Democrats (McKenna, Harris, Frame) voted no, with the exception of Rep. Jeff Roorda, who was (conveniently?) absent. This means he didn’t have to go on record on the issue of tax cuts in an election year. (I should note that this was the day after the Ron Casey funeral, but all other JeffCo reps were present to vote.) Last year, Roorda voted for the tax cut in the regular session, but then voted no in the veto session, helping to kill the bill. If this year’s tax cuts get vetoed by the governor, Roorda will have another chance to vote on these bills in the veto override session. What will he do then? That may depend on the way the political winds are blowing that day.

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