overspending | KCUR

overspending

Missouri Gov. Eric Greitens is unveiling more details of his tax overhaul, which seeks to pair income and business tax cuts with paring down some popular tax breaks.

Greitens’ proposal would cut Missouri's income tax to 5.3 percent. Legislation that was passed in 2014 is already gradually reducing the state income tax to 5.5 percent. The proposal would also lower the corporate income tax from 6.25 percent to 4.25 percent. And it would institute an earned income tax credit for certain types of workers.

Missouri State Auditor Tom Schweich released a harsh audit of the Missouri Governor’s office on Wednesday. The findings accuse the governor of overspending his appropriation by $1.7 million.