Republican gubernatorial candidate Sarah Steelman has taken the wraps off a proposal to provide nearly $200-million in tax relief to Missourians.
There are several components to the plan. Among them is a call to increase the personal exemption from $2,100 to $2,625 for single tax filers and $4,200 to $5,250 for married filers. Steelman is also calling for an increase in the dependent child exemption from $1,200 to $2,100 to help offset increasing costs to families. In addition, Steelman wants to raise the exemption on family dependent seniors 65 and older from $1,000 to $2,100.
Steelman is also pledging that as Governor she would form a Missouri Tax Code Review Commission within her first 100 days in office to conduct a thorough review of taxes being paid by Missourians.