RIVERSIDE, Mo. -- Missouri Gov. Eric Greitens visited U.S. Farathane in Riverside on Tuesday to boost his proposal to cut taxes in Missouri by $800 million.
“Under our plan, 97 percent of Missourians will see a tax cut,” Greitens said. “You’ll have more money in your pocket.”
Greitens plan calls for a 10 percent cut in Missouri’s personal income tax rate while slashing the state’s corporate tax rate by nearly a third.
Watch the full news conference in the video player below.
“So with our plan, we’re going to be cutting the corporate tax rate to the second lowest,” Greitens said. “The second best corporate tax environment in the country will be right here Missouri.”
Asked if his proposal to cut state taxes could lead to budget deficits, which happened in Kansas, Greitens defended his plan.
“It’s been scored by the Department of Revenue, and it’s revenue neutral. This is a responsible plan,” Greitens said.
Brian Colby with the non-partisan Missouri Budget Project agrees that Greitens’ proposal differs from the financial difficulties that were created by sweeping tax cuts in Kansas.
“This isn’t a Kansas-style bill,” Colby said. “The governor has put forward some things that we think are very helpful.”
Before leaving, Greitens was repeatedly asked if his recent scandal, involving an extra-marital affair from 2015, would hurt his ability to sell his tax proposal to lawmakers in Jefferson City.
Several times, Greitens deflected the question before finally saying: “We’ve answered all of those questions, and you know we have.”