Parson Looks To Implement Statewide Tax Cuts

Governor Mike Parson and other state lawmakers are touring the state to push his idea of a statewide tax cut.

Parson is trying to pass an income tax cut. And an extension of an agricultural tax credits. He would like to get the income tax rate reduced to between 4.7 to 4.8 percent. The agricultural tax credits are for biofuels makers, meat packers and young famers. The governor would like these reductions in place by next January.

Earlier this summer, the governor vetoed a bill passed by the legislature to give taxpayers an immediate lump-sum payment of $500 to help make ends meet during this time of higher gasoline prices, food prices, and other soaring prices on necessities.