The Republican-led Missouri House sent a bill that would lower the state’s individual income tax rate to Gov. Mike Parson’s desk yesterday. The bill, approved by the Senate last week, passed the House on a vote of 98-32 . It would lower the top state income tax rate from 5.3% to 4.95% starting next year. Parson celebrated the passage of the legislation, which he promised to sign. However, an analysis of the plan published this month by the Missouri Budget Project, a nonprofit that analyzes fiscal policy, found that the bill would leave out one-third of Missourians. It also found that taxpayers making $22,000 or less would each receive an average cut of $3, while those in the top 1% would receive an average cut of $4,214 next year. The legislation is a modified version of the Republican governor’s initial proposal to lower the state’s income tax rate to 4.8%. Parson’s plan did not call for gradual cuts. Read more about the new bill at the link in our bio. ✏️ Kacen Bayless #...