The Missouri House backs two tax cut measures

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Intro:	Companies would have one of their income taxes cut in half under a measure enforced by Missouri's House that cuts the state's corporate income tax rate.
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Wrap: State representatives debated about who specifically the tax cuts would benefit.

The governor has said he only supports individual income tax cuts.

The bill sponsor is Representative T.J. Berry.

Actuality:	BERRY.WAV
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Description: "They take the risk. They take the hard work. They take and they do things that other people won't. Shouldn't we reward people that will take a chance?"

Representative Bill Otto critiqued the bill and said he would like to see more given to citizens and more jobs created.

A second vote is needed for the bill to make it to the Senate.

Reporting from the state Capitol, I'm Shannon O'Brien.

Intro:	The House gave first round approval for a tax cut measure that legislative staff say would ultimately cost Missouri nearly one billion dollars when fully implemented.
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Wrap: The bill would gradually reduce the individual income tax rate by eventually cutting taxes by seven hundred million dollars.

In the meantime, negotiations are going on with Gov. Jay Nixon and the sponsor of the Senate's tax cut bill.

The governor has listed conditions under which he would support a tax cut.

Bill sponsor Representative Andrew Koenig said the reason for cutting income taxes is simple.

Actuality:	KOENIG.WAV
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Description: "Cause it is the most destructive tax. A tax on production will stifle economic growth."

Nixon vetoed a similar tax cut bill last year.

Reporting from the state Capitol, I'm Shannon O'Brien.

Intro:	The Republican-led House gave first round approval for a proposal that would take deep cuts in the state's income taxes.
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Wrap: The measure would cut state income taxes by seven hundred million dollars.

Supporters of the bill said it would help Missouri's economic growth.

But, opponents like Representative Margo McNeil say Missouri has already cut education funding by a lot.

Actuality:	MCNEIL.WAV
Run Time:	00:07
Description: "We should be six-six hundred million more in education right now than we currently are giving our schools."

The governor is currently negotiating a compromise with the Senate's tax cut bill sponsor.

Education funding is one reason the governor vetoed a similar measure last year.

Reporting from the state Capitol, I'm Shannon O'Brien.