Missouri: Foes consider referendum drive on Missouri tax cut

Thu, May 22 2014 — Source: The Springfield News-Leader

Some opponents of a Missouri income tax cut say they are weighing whether to pursue a referendum petition that would put the issue before voters.

The Republican-led Legislature enacted the tax cut earlier this month by overriding a veto of Democratic Gov. Jay Nixon. The measure would gradually reduce Missouri’s top individual income tax rate and phase in a new business income deduction starting in 2017, as long as state revenues keep growing.

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