Nixon hints at veto on tax cut legislation
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Nixon hints at veto on tax cut legislation

Date: May 10, 2013
By: Nick Thompson
State Capitol Bureau
Links: HB 253

Intro: 
Republican lawmakers in both chambers of Missouri's statehouse have pushed through a massive income tax cut, but the plan may not clear its next hurdle.
RunTime:  0:45
OutCue:  SOC

Wrap: Republicans made tax cuts one of their major legislative priorities for this year, and this week the GOP supermajority passed a cut for middle and upper income individuals, small businesses, and corporations.

But At a press conference with reporters, Democratic governor Jay Nixon suggested he will veto the legislation.

Actuality:  JAYTAX2.WAV
Run Time:  00:09
Description: "At this time I'm certainly not looking at it with an eye to add it to the structure of Missouri government."
 
Nixon says he has serious concerns about the reduction in state revenue the cuts could spur, as legislative researchers estimate the tax cut bill, now sitting on Nixon's desk, would reduce state revenues by nearly 700 million dollars annually.
 
Reporting from the state capitol, I'm Nick Thompson.

Intro: 
Missouri's Republican lawmakers made a tax cut one of their wishes for this year's legislative session, and are now waiting to see if the Democratic governor will grant it to them.
RunTime:  0:45
OutCue:  SOC

Wrap: Governor Jay Nixon suggested at a press conference he will veto a tax cut bill legislative researchers estimate would reduce state revenues by nearly 700 million dollars annually.

Actuality:  JAYTAX3.WAV
Run Time:  00:15
Description: "the equivalent of wiping out all of public higher education, or closing all our prisons, or eliminating the department of Mental health and the services it provides, is not the fiscally responsible approach."

Republican lawmakers in Jefferson City passed legislation to cut the state's income tax rates, citing a need to respond to tax cuts Republican governor Sam Brownback pushed last year in Topeka, Kansas.

But Nixon says Missouri is already a low tax state and he plans to keep it that way.

Reporting from the state capitol, I'm Nick Thompson.