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JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson is calling lawmakers back to work Sept. 6 for a special session to cut income taxes.
Parson on Monday said he wants lawmakers to cut the top income tax rate from 5.3% to 4.8%. The Republican's office estimates the cut will amount to about $700 million less in state revenues.
Parson says Missouri has been bringing in more revenue and should give money back to taxpayers. He also wants lawmakers to extend several tax credit programs to help farmers and ranchers.
A top House Democrat warned that the cuts are financially irresponsible.
© Many Signals Communications/Associated Press
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