On Monday, Governor Eric Greitens will hold an event at a Palmyra manufacturer to promote tax cuts for working families.
On Monday, Governor Eric Greitens will hold an event at a Palmyra manufacturer to promote tax cuts for working families. The plan would reportedly cut taxes for working families and lower taxes for businesses to create more jobs.
The governor will speak a Doyle Manufacturing in Palmyra to tout the plan.
According to the governor's office, the revenue-neutral plan will cut taxes for more than 97 percent of Missouri taxpayers. It cuts the personal income tax rate for anyone earning more than $9,072 a year. For 380,000 low-income working Missourians, the Governor’s plan will eliminate taxes entirely — cutting their tax bill to $0.
“The plan cuts taxes on businesses to create jobs — making Missouri’s corporate tax environment one of the best in the country. It closes loopholes and ends breaks that primarily benefit big businesses and high earners to responsibly cut taxes for working families without jeopardizing Missouri’s AAA credit rating,” according to a release from the governor's spokesperson.
The stop is one of several for the first-term governor.
Greitens will be joined by legislators from around the state, who will be working with him and his team to pass tax cuts for working families and small businesses.