Missouri Senate follows Kansas down budget rat hole
The Kansas City Star
Lemmings in the Missouri Senate have followed Kansas’ lead passing a tax cut bill of more than $1 billion.
The legislation drops the top income tax rate to 4.5 percent from 6 percent, cuts the corporate tax rate to 4.75 percent from 6.25 percent and creates a 50 percent tax deduction for all businesses phased in over five years, The Kansas City Star reports.
The Republicans have just that one trick pony — cut taxes. It is a bad piece of legislation destined to hurt services, shift the tax burden onto everyday residents and make taxes more regressive.
If the bill becomes law, Missouri will be a lesser state because of it. Don’t expect federal help after Republicans force everyone in the state to drink the GOP Kool-Aid.