THE LATEST:  Senator Kehoe On Open Air

Nixon Says Tax Cut Could Affect Credit Rating

Posted by Warren Krech on July 30, 2013

Missouri’s governor says major credit rating agencies agree with his decision that a big income tax cut is a bad idea.

Jay Nixon sent a letter to lawmakers Monday that says overriding his veto of the rate cut could put Missouri’s AAA credit rating in jeopardy. He says Standard and Poor’s, Fitch and Moody’s all say the tax bill could have a significant negative impact on state revenues. However, some of the cuts are tied to an increase in state revenue, or passage of a federal bill that would standardize collection of internet sales taxes.

The governor is already restricting $400 million in next year’s budget, pending a veto override effort from Republicans in September.


Leave a Reply

Your email address will not be published. Required fields are marked *

Buy viagra online Buy cialis online Buy flagyl online Buy paxil online Buy ventolin online Buy xenical online Buy zovirax online Buy accutane online Buy amoxicillin online Buy topamax online Buy valtrex online Buy levitra online Buy finasteride online Buy diclofenac online Buy clomid online Buy cymbalta online Buy diflucan online Buy doxycycline online Buy celebrex online Buy antibiotics online