(Post Staff and AP) – Governor Eric Greitens was in St. Joseph Tuesday morning to discuss his tax cut plan.
Greitens spoke at Altec about his plan which he said would cut taxes for 97% of Missouri taxpayers.
“What we’re doing with our workers-first tax cut, and again, this only applies to people who are working, but we want to let people know, if you’re working hard, if you’re putting in the hours, we’re going to have your back,” Greitens said. “For 380,000 hard-working Missourians, it wipes out their tax bill completely, it goes to zero dollars and zero cents.”
Greitens said another part of the plan is to lower the tax rate on businesses.
“When we do that, what happens is, first, it makes Missouri more competitive to bring more business here and, second, what it does is it makes more money available so that you can invest, so you can create more jobs, so you can give raises to your people,” Greitens said. “We’re going to do that here in Missouri because we’re keeping our promise of bringing more jobs and higher pay to the people of Missouri.”
The governor will also visit Veterans Homes in both Warrensburg and Mexico later this week.
Even as the governor is on the road promoting his tax overhaul proposal, a Republican-led Senate panel has endorsed its own tax cut plan worth an estimated $630 million.
The 421-page Senate version endorsed Tuesday by the Ways and Means Committee is likely to become the basis for further talks with Democrats and members of the House, who are working on their own tax reduction plan.
The Senate proposal differs from Greitens’ plan in that it includes a 6-cent increase in the state’s motor fuel tax, phased in over three years.