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Mo. Senate delays debate on income tax cuts

Mo. Senate delays debate on income tax cuts

February 12th, 2014 in News

JEFFERSON CITY, Mo. (AP) -- The Missouri Senate has delayed a debate on tax cuts while negotiations continue with Gov. Jay Nixon's office.

Senators had been expected to debate legislation Wednesday that would cut income taxes for individuals and many businesses.

But Senate Majority Leader Ron Richard said that debate will wait until next week to give more time for the Republican sponsor of the measure to try to work out a compromise with the Democratic governor's office.

Nixon vetoed an income tax-cut bill passed last year, citing technical problems and concerns that the measure could drain money available for public schools.

Richard said negotiations are focused on the dollar amount of the proposed tax cut and whether it should apply both to individual and businesses that report income on individual tax returns.