So, to get this straight, after decreasing corporate taxes in Missouri (that will cost Missourians $99.4 million in lost revenue), lawmakers are trying to get some of the the money they are losing from the budget back by taking it from the low-income senior citizens of Missouri that rent:
Under legislation affecting an estimated 91,000 senior citizens, the so-called “Circuit Breaker” program would be available only to homeowners during the 2019 tax year, saving the state an estimated $52 million. Current law allows renters to qualify for the tax credit if their income is at $27,500 or below if single and $29,500 or below if married. The average credit is about $500.
There may be hope, however slim. in a possible filibuster by Sen. Jamilah Nasheed, D-St. Louis, who will try to kill the legislation.
“I’ve been fighting this fight for 10 years now,” said Nasheed, who is running for president of the St. Louis Board of Aldermen. “We have a lot of individuals on fixed incomes. We have used it in the past for renters and I think we should continue to use it. Seniors are struggling every day.”
Bet those senior republicans and their children are so proud of themselves.