A Missouri House committee voted along party lines Monday to approve a Republican’s tax plan that would cut the state’s personal and corporate income tax rates and increase driver’s license and registration fees.
House Speaker Pro Tem Elijah Haahr, R-Springfield, has proposed reducing the state’s highest personal income tax rate from 5.9 to 5 percent and cutting the corporate income tax rate from 6.25 to 5 percent.
Haahr has opposed increasing the state’s gas tax and said his plan to raise registration fees will generate about $174 million annually for state infrastructure needs.
Rep. Brandon Ellington, D-Kansas City, was one of three Democrats to vote against the bill in a 6-3 vote. He opposed the measure when his amendment protecting a tax credit for senior citizen renters was voted down.
Read more: Missourinet