Missouri Budget Project Says Parson’s Tax Cut Plan Puts Missouri at Risk of Dire Budget Cuts

FILE – In this Jan. 27, 2021 file photo, Missouri Gov. Mike Parson delivers the State of the State address in Jefferson City, Mo. Missouri is clashing with the U.S. Department of Justice over a new law banning police from enforcing federal gun rules. In a letter obtained by The Associated Press, Justice Department officials wrote that state lawmakers went too far with the law and noted that federal law trumps state law under the U.S. Constitution’s Supremacy Clause. In response, Parson and Attorney General Eric Schmitt wrote a defiant letter stating that they still plan to enforce the new law. (AP Photo/Jeff Roberson, File)

(MISSOURINET) – The Missouri Budget Project says Governor Mike Parson’s tax cut plan puts the state at the risk of dire budget cuts in the future.

The governor has called a special legislative session for September to ask lawmakers to lower the income tax rate from 5.3-percent to 4.8-percent.

Missouri Budget Project Spokesperson Traci Gleason says Parson’s plan could put the state in a similar situation as Kansas under then-Governor Sam Brownback…

Under Parson’s plan, he says married couples making 125-thousand-dollars annually would have an 11-percent drop in taxes owed and a single mom with two kids making 35-thousand-dollars would have a 21-percent decline