Gov. Nixon Defends Veto of Mo. Tax Cut Legislation

5 years 1 month 3 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
CLAYTON (AP) — A St. Louis man has been sentenced to 30 years in prison for a 2012 police chase... More >>
19 minutes ago Sunday, September 23 2018 Sep 23, 2018 Sunday, September 23, 2018 8:27:14 AM CDT September 23, 2018 in News
COLUMBIA - A water main break in MU's Hearnes Center early Saturday morning caused at least $100,000 worth of damage,... More >>
13 hours ago Saturday, September 22 2018 Sep 22, 2018 Saturday, September 22, 2018 7:17:00 PM CDT September 22, 2018 in News
FULTON - The Fulton Police Department responded to shots fired at a McDonald's located at 303 S. Business 54 early... More >>
14 hours ago Saturday, September 22 2018 Sep 22, 2018 Saturday, September 22, 2018 5:49:00 PM CDT September 22, 2018 in News
(CNN) -- Christine Blasey Ford, the woman who has accused Supreme Court nominee Brett Kavanaugh of a past sexual assault,... More >>
15 hours ago Saturday, September 22 2018 Sep 22, 2018 Saturday, September 22, 2018 5:16:00 PM CDT September 22, 2018 in News
AUXVASSE - The Callaway County Sheriff's Office arrested five people Friday morning during a narcotics search at a residence in... More >>
16 hours ago Saturday, September 22 2018 Sep 22, 2018 Saturday, September 22, 2018 4:16:00 PM CDT September 22, 2018 in News
FESTUS (AP) — A man and his adult son were killed when their small plane crashed near... More >>
1 day ago Saturday, September 22 2018 Sep 22, 2018 Saturday, September 22, 2018 8:20:00 AM CDT September 22, 2018 in News
COLUMBIA - MU partnered with two local groups to host a Chinese Moon Festival Saturday night at Twin Lake Recreational... More >>
1 day ago Saturday, September 22 2018 Sep 22, 2018 Saturday, September 22, 2018 8:02:00 AM CDT September 22, 2018 in News
SPRINGFIELD — President Trump held a campaign-style rally in Springfield Friday. Trump spoke in front of an at-capacity crowd... More >>
1 day ago Friday, September 21 2018 Sep 21, 2018 Friday, September 21, 2018 10:15:00 PM CDT September 21, 2018 in News
KANSAS CITY (AP) — A 46-year-old woman who set a fire that resulted in the deaths of two Kansas City... More >>
1 day ago Friday, September 21 2018 Sep 21, 2018 Friday, September 21, 2018 6:22:00 PM CDT September 21, 2018 in News
ST. LOUIS (AP) — Emissions near a troubled St. Louis County landfill once posed health concerns for workers and nearby... More >>
1 day ago Friday, September 21 2018 Sep 21, 2018 Friday, September 21, 2018 5:02:52 PM CDT September 21, 2018 in News
JOPLIN (AP) — Missouri Southern State University has abandoned plans for a dental school that would've operated in partnership with... More >>
1 day ago Friday, September 21 2018 Sep 21, 2018 Friday, September 21, 2018 4:51:59 PM CDT September 21, 2018 in News
ST. LOUIS (AP) — Some St. Louis police officers are still struggling with injuries more than a year after protesters... More >>
1 day ago Friday, September 21 2018 Sep 21, 2018 Friday, September 21, 2018 4:44:27 PM CDT September 21, 2018 in News
COLUMBIA - Columbia police said a fifth arrest has been made in connection with an alleged homicide on Sylvan Lane... More >>
1 day ago Friday, September 21 2018 Sep 21, 2018 Friday, September 21, 2018 3:50:00 PM CDT September 21, 2018 in News
JEFFERSON CITY - Police arrested a man early Friday after reportedly finding him outside an apartment complex, looking into a... More >>
1 day ago Friday, September 21 2018 Sep 21, 2018 Friday, September 21, 2018 3:27:00 PM CDT September 21, 2018 in News
KANSAS CITY - The Missouri Western District Court of Appeals ruled Friday to allow the Clean Missouri Initiative to stay... More >>
1 day ago Friday, September 21 2018 Sep 21, 2018 Friday, September 21, 2018 2:53:00 PM CDT September 21, 2018 in News
COLUMBIA – MU is one of only two Southeastern Conference universities to experience double-digit growth in new freshmen, while several... More >>
1 day ago Friday, September 21 2018 Sep 21, 2018 Friday, September 21, 2018 1:12:00 PM CDT September 21, 2018 in News
SPRINGFIELD - President Donald Trump is set to campaign at the JQH Arena for U.S. Senate candidate Josh Hawley,... More >>
1 day ago Friday, September 21 2018 Sep 21, 2018 Friday, September 21, 2018 12:43:00 PM CDT September 21, 2018 in News
COLUMBIA - The University of Missouri Board of Curators announced a resolution Friday supporting the University of Missouri-Columbia's efforts to... More >>
1 day ago Friday, September 21 2018 Sep 21, 2018 Friday, September 21, 2018 11:23:00 AM CDT September 21, 2018 in News
Columbia, MO
Broken Clouds 55°
9am 60°
10am 66°
11am 70°
12pm 72°