Nixon Prepared to Veto Specialized Tax Breaks
JEFFERSON CITY (AP) - Missouri Gov. Jay Nixon is getting ready to wield his veto pen.
Nixon has scheduled a news conference Wednesday afternoon to discuss vetoes of several bills approved by the Legislature this year.
The Democratic governor has said previously that he likely will veto bills granting special tax breaks to a variety of industries, including computer data centers, electric companies and restaurants.
Nixon has said the tax breaks could bust a hole in the budget by reducing state revenues by as much as $425 million annually.
Republican legislative leaders have disputed those figures. They have defended some of the tax breaks as mere clarifications of policies that they contend have been incorrectly applied by the Missouri Department of Revenue.