# @thekansascitystar on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CjI3OzHtech
- **Gondola URL:** https://gondola.cc/posts/19115567-thekansascitystar-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/c67a6ba959.jpg
- **Posted:** 2022-09-30T17:00:48.000+00:00
- **Account Owner:** Kansas City Star (@thekansascitystar) — https://gondola.cc/thekansascitystar

## Caption

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
 
#MissouriNews #MOLeg #IncomeTax #FiscalPolicy #MOPolitics #LocalNews

## Stats

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## Tags

mopolitics, incometax, localnews, fiscalpolicy, moleg, missourinews

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