Missouri Gov. Parson calls for income tax cut

By SUMMER BALLENTINE
Associated Press

COLUMBIA, Mo. (AP) — Missouri’s Republican Gov. Mike Parson is calling on lawmakers to pass an income tax cut. Parson on Friday proposed the tax cut after vetoing a tax refund program that the GOP-led Legislature passed this year. Most individuals’ incomes are taxed at 5.4%. Parson says he wants to cut that to around 4.7%. The Legislature’s plan would have provided a one-time tax credit of up to $500 for individuals and $1,000 for couples. But the refunds would go only to individuals earning less than $150,000 and couples making less than $300,000 annually. Parson says he wants to cut taxes for everyone.