Springfield lawmaker sponsors state tax cut legislation

One lawmaker in Jefferson City wants to make the biggest cut in history to the state’s income tax rate.

Republican Senator Lincoln Hough of Springfield is sponsoring a bill that would cut the rate by one half of one percent. It’s called Senate Bill 627.

The idea is to lower the income tax for the state from 5.3% down to 4.8% by  sometime next year.

He says that would cut about $500 million from the state’s coffers but the state is now has nearly $2 billion in federal pandemic money in its coffers.

A State Senate Democratic leader says the tax cut should only go to people in need.

Missouri Gov. Mike Parson advises caution in turbulent times.