House Budget Cuts Renters Tax Credit Program – Fight Expected In Senate
St. Louis Post-Dispatch – The Missouri House today approved a $27.8 billion dollar budget that increases funding for public schools, cuts money for Missouri colleges, and eleimnates the “circuit breaker” tax credit for renters. The circuit breaker tax cut means thousands of low income Missourians will lose an average of $500 per year. Some of the $51 million in savings was used to increase other senior programs or to keep Medicaid eligibility rules the same as they are currently. The impact of the cuts, however, falls disproportionately on the people who most heavily rely on the assistance programs.
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