Greitens releases outline for tax reform plan
JEFFERSON CITY - Governor Eric Greitens released an outline of his plan for state tax reform on Thursday. The outline focuses on the main principles that Greitens and his team hope to include in the final, more detailed tax reform plan.
According to a press release, some of the principles include cutting taxes for working families, lowering taxes for business and ending loopholes that benefit big businesses and high earners.
In the release, Greitens called his plan "the boldest state tax reform in America because it's tax reform for working families--not lobbyists and special interests."
The plan would, according to the release, cut taxes for 97% of Missourians, and cuts the personal income tax rate for those making more than $9,072 a year. It would also reportedly "eliminate taxes entirely" for nearly 400,000 Missourians.
Greitens and his team said they plan to lay out the plan in more detail and work over the next few weeks, working with the general assembly to create draft legislation.