Gov. Nixon Defends Veto of Mo. Tax Cut Legislation

4 years 8 months 2 weeks ago Monday, July 29 2013 Jul 29, 2013 Monday, July 29, 2013 12:29:00 PM CDT July 29, 2013 in News
By: The Associated Press

JEFFERSON CITY (AP) - Gov. Jay Nixon is pointing to Missouri's credit rating in defending his veto of tax cutting legislation.

Nixon sent lawmakers a letter Monday that said enacting the tax cuts could jeopardize Missouri's AAA-credit rating. Nixon says credit rating agencies noted the legislation in reports this month.

The legislation would cut tax rates for individuals and corporations and create a new deduction for business income reported on individual tax returns. When fully phased in, it has the potential to reduce state tax revenues by hundreds of millions of dollars. However, some of the tax cuts depend upon continued growth in state revenues.

Supporters of the cuts plan an election-style effort to encourage the Republican-led Legislature to override Nixon's veto.

More News

Grid
List
KANSAS CITY, Mo. (AP) — A 65-year-old man who was a major heroin dealer in the Kansas City area has... More >>
14 minutes ago Thursday, April 19 2018 Apr 19, 2018 Thursday, April 19, 2018 10:45:26 AM CDT April 19, 2018 in News
ST. LOUIS - A judge announced Thursday he will not dismiss the criminal invasion of privacy case against Gov. Eric... More >>
58 minutes ago Thursday, April 19 2018 Apr 19, 2018 Thursday, April 19, 2018 10:02:00 AM CDT April 19, 2018 in News
KANSAS CITY, Mo. (AP) — Prosecutors said a man shot by suburban Kansas City police in January has died, but... More >>
1 hour ago Thursday, April 19 2018 Apr 19, 2018 Thursday, April 19, 2018 9:22:59 AM CDT April 19, 2018 in News
COLUMBIA - The third annual Unbound Book Festival kicks off tonight, facing questions over its leadership's commitment to diversity and... More >>
2 hours ago Thursday, April 19 2018 Apr 19, 2018 Thursday, April 19, 2018 8:49:00 AM CDT April 19, 2018 in News
LAKE OZARK - Firefighters are looking into the cause of a fire that killed four people early Thursday morning. ... More >>
2 hours ago Thursday, April 19 2018 Apr 19, 2018 Thursday, April 19, 2018 8:16:00 AM CDT April 19, 2018 in News
JEFFERSON CITY – A majority of Republicans passed a tax bill Tuesday night, but it is still drawing some criticism... More >>
15 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 7:21:00 PM CDT April 18, 2018 in News
TIPTON – Some Tipton residents spoke out Wednesday against a potential new concentrated animal feeding operation (CAFO). Critics say CAFOs... More >>
15 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 7:21:00 PM CDT April 18, 2018 in News
COLUMBIA - Pamela Fitzmaurice has a special section in the cookbook her mother passed down to her. That section is... More >>
16 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 6:49:00 PM CDT April 18, 2018 in News
SAN JUAN, PUERTO RICO - Puerto Rico was left powerless on Wednesday, nearly seven months after the powerful September storm,... More >>
17 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 5:32:00 PM CDT April 18, 2018 in News
JEFFERSON CITY - Gov. Eric Greitens filed a restraining order against Attorney General Josh Hawley on Monday over the investigation... More >>
18 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 4:34:00 PM CDT April 18, 2018 in News
MOBERLY - Moberly and Westran Public School Districts celebrated their Healthy Schools Healthy Community initiative on Wednesday. The initiative is... More >>
19 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 3:42:00 PM CDT April 18, 2018 in News
MEXICO - It might seem strange to sight an ocean bird in Missouri, but seeing the American White Pelican isn't... More >>
19 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 3:41:00 PM CDT April 18, 2018 in News
COLUMBIA - Olympic gold medalist Aly Raisman said Wednesday she was never educated on sexual assault and never realized she... More >>
19 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 3:37:00 PM CDT April 18, 2018 in News
JEFFERSON CITY (AP) — The Missouri Senate's top budgeter is proposing giving public K-12 schools $48 million more next... More >>
19 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 3:12:16 PM CDT April 18, 2018 in Continuous News
COLUMBIA – Dry, windy weather is partially to blame for a large grass fire that destroyed a significant portion of... More >>
20 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 2:52:00 PM CDT April 18, 2018 in News
COLUMBIA – More than one thousand t-shirts covered Kuhlman Court on MU's campus on Wednesday. That's one for every... More >>
20 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 2:42:00 PM CDT April 18, 2018 in News
COLUMBIA - Passengers at airports across the country are learning firsthand the impact of new security measures the TSA is... More >>
20 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 2:07:00 PM CDT April 18, 2018 in News
COLUMBIA - By the year 2022, Columbia aims to have 25 percent of its energy come from renewable resources. ... More >>
21 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 1:57:00 PM CDT April 18, 2018 in News
Columbia, MO
Broken Clouds 43°
11am 42°
12pm 44°
1pm 48°
2pm 51°