ITEP’s Testimony on HB 2034 Income Tax Reforms
reportMy testimony today focuses on one bill introduced in the Missouri House of Representatives: HB 2034, which would reform the state’s individual income tax structure. My testimony will discuss the impact of this bill on the yield and fairness of Missouri’s income tax. HB 2034 would raise over a billion dollars a year to fund public investments, while cutting taxes in the aggregate for the poorest sixty percent of the income distribution.