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April 14, 2022Columbia, Mo. |  By: AP

Missouri House pitches using budget surplus for tax breaks

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COLUMBIA, Mo. (AP) - Missouri residents who file income taxes would be eligible for up to a $500 tax credit under a new Republican proposal. The House Budget Committee held a hearing on the measure Wednesday.

The Republican House budget leader's bill would set aside $1 billion in state funding for the tax credits. Married couples filing jointly would get up to $1,000 under the plan.

Democrats had proposed setting aside $100 million to give onetime $1,000 checks to poor families who have struggled with housing or food insecurity. The Republican-led House voted that measure down.