House approves two tax cut proposals along party lines

The state House has passed two proposals for cutting taxes along very similar party-line votes. The bill sponsored by Representative T.J. Berry (R-Kearney) would cut corporate income taxes in half and allow half of business income reported on personal taxes to be...

Nixon vetoes tax bill

Governor Nixon has vetoed a bill that mistakenly would have eliminated the sales tax exemption for prescription drugs.  The bill would have provided the first income tax cut for Missourians in decades while also cutting corporate taxes. Nixon says the income tax cut...