so the legislature over-rode Nixon's veto on tax cuts [View all]

[hfojvt]

Hard to get details on what is all in the bill other than cutting the TOP rate from 6% to 5.5%.

KCTV5 mentioned it only in passing that a household making $44,000 a year would get a tax cut of $40 or so (I cannot remember the exact number and they didn't mention it at all at 10).

Oooh, $40. Almost $3.50 a month - a whole gallon of gas.

Well a family making ten times that much will get FIFTY times as much in tax cuts - $2,020 a year. And a family making $4.4 million a year will get a cut of $21,820.

ITEP notes that "76 percent of the tax reduction would fall to the wealthiest 20 percent of Missourians."

http://www.ctj.org/taxjusticedigest/archive/2014/02/missouri_done_deal_lets_hope_n.php

But that was a deal that EVEN Nixon was agreeing to.

Just another way our society becomes more unequal.