Governor Eric Greitens says he will work with lawmakers in the coming weeks to form a tax cut plan. The Republican governor says he wants the overhaul to make Missouri one of the top five states in the nation for its corporate tax rate.
“For too long, our tax system has benefited special interests. Our tax plan puts working families first. We’re simplifying the tax code so small shops can compete with big businesses,” says Greitens.
Greitens says he’s working on a revenue-neutral plan that he says would cut taxes for more than 97% of Missourians.
“We’re cutting taxes on people that work hard so they can keep more money in their pocket. And we’re doing it in a responsible, revenue-neutral way so we don’t put our children in debt. It’s the boldest state tax reform in America because it’s tax reform for working families–not lobbyists and special interests,” says Greitens.
House Minority Leader Gail McCann Beatty, D-Kansas City, says the “scandal-plagued governor offers a proposal long on promises and short on details”.
“The governor’s vague promise to cut taxes for nearly all Missourians with no details on how he will achieve this magical feat sounds more like the desperation play of an administration in danger of collapsing from a sex scandal than a serious policy proposal,” she says.
Greitens says he will travel the state soon to gather support for the legislation.