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Governor sets date for Missouri Special Session

Governor sets date for Missouri Special Session

(AP) — Missouri Gov. Mike Parson on Monday called on lawmakers to return to work Sept. 6 for a special legislative session to cut income taxes.

The Republican told reporters gathered in his Capitol office that he wants lawmakers to cut the top income tax rate from 5.3% to 4.8% and increase the standard deduction by $2,000 for single filers and $4,000 for couples.

A single adult caring for two children and making at most $35,000 a year would see income taxes drop by about $140 a year, according to estimates provided by the Governor’s Office.

Parson specified that, based on the limits in his special session call, lawmakers cannot cut income taxes so deeply that the state loses more than $700 million per year in revenue.

The governor also recommended cutting income taxes entirely for individuals who make $16,000 or less in a year or for couples filing jointly who make less than $32,000.

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