In Missouri, the Senate leader said any income tax cut for individuals or businesses will likely need to be offset with other revenue increases or spending cuts. He cited the potential to collect taxes on Internet sales, sell a state-created workers' compensation firm or save money on prison costs through sentencing changes."We are going to be addressing the paid-for aspect of the income tax, such that we don't cut funding to public education nor do we cut higher education," Dempsey said.
State Tax-cut Plans Tempered By Caution In 2013
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.