By MARTIN CRUTSINGER , AP Economics Writer WASHINGTON (AP) — The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed. Administration officials said Tuesday that Treasury Secretary Steven Mnuchin prefers…
ST. LOUIS (AP) — St. Louis missed out on nearly $17 million in revenue during the last fiscal year because of property tax breaks meant to stimulate development, according to a financial assessment by the city comptroller’s office. The annual report, which quantified the value of the tax breaks, discloses the value of commonly used…
JEFFERSON CITY, Mo. (AP) – Gov. Jay Nixon is making more budget cuts after Missouri lawmakers overrode his vetoes on several bills creating new tax breaks. The Democratic governor has scheduled a Thursday afternoon press conference to announce details of the budget cuts. That comes one day after the Republican-led Legislature overrode vetoes of bills…