Comment on Missouri’s Huge Tax Break For The Rich Could Erase 60 Percent Of Its Annual Revenue

Missouri’s Huge Tax Break For The Rich Could Erase 60 Percent Of Its Annual Revenue

The Missouri State Capitol. CREDIT: AP Missouri Republicans are pushing for a regressive income tax cut that could end up costing the state billions of dollars each year thanks to a loosely worded sentence in the legislation. The law would push the top marginal income tax rate down from 6 percent to 5.5 percent, among other provisions.

 

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