Proposed Tax Cuts

1 decade 2 years 4 months ago Tuesday, June 06 2006 Jun 6, 2006 Tuesday, June 06, 2006 9:48:13 PM CDT June 06, 2006 in News

University of Missouri law student Lucas Kunce has tutored students for two years to help him pay for his rising tuition.

"The tuition increases up at Mizzou has really blown my mind," he said. "It's probably been like, I don't know percentages, maybe like 25 or something."

The proposed federal Reconciliation Bill is making its third trip to the U.S. Senate floor. If Congress passes it, the bill will lower taxes, but it also could cut funds for some programs.

"These proposed budget cuts, and the tax cuts in the capital gains specifically, are going to have an effect on Missourians," said Ron Berry.

The bill's supporters said it would help workers by letting them keep more of the money they earn.

"It provides the individual and the family with extra disposable income," said Paul Sloca, state GOP communications director, "so they can go out and purchase things and invest things."

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