The Associated Press is reporting that Missouri legislators are about to repeal a $750 state tax credit that has helped over 100,000 disabled and elderly residents who live in rental housing.According to the AP, "The move could save the state $855 million over 15 years, and some lawmakers want to redirect a portion of that money to new tax breaks intended to lure Chinese cargo planes to the St. Louis airport and more businesses to Missouri."
Although opposed by advocates for the poor and elderly, the repeal is expected to pass in a special session that starts this week. It would be "the single largest budgetary savings being proposed to offset the cost of the new business incentives."
Way to go, Missouri, land of my birth.
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