Governor Blunt Proposes Tax Break on Veterans' Pensions
The tens of thousands of Missouri's retired veterans received some good news today as Governor Matt Blunt announced his next tax cut is aimed at them. KSMU's Jennifer Moore reports.
Currently, 12 states do not tax veterans' pensions. Governor Matt Blunt wants to add Missouri to that list by giving veterans a tax break.
The proposed tax cut will eliminate the 24 million dollars a year the state usually receives in taxes from military retirees in Missouri.
Blunt unveiled his proposal in front of about 30 Missouri Veterans at the Veterans of Foreign Wars Post 3404 in Springfield this morning.
After the news conference, the vets gathered in the lounge of the VFW post for coffee and conversation.
Gene Mitchell, commander of District 14 of VFW and a Vietnam vet, said he's glad for his own pocketbook's sake, and would also like to see the nation's younger vets getting some relief.
The governor said state economic growth made the tax break possible without having to cut any programs or raise taxes elsewhere.
For KSMU News, I'm Jennifer Moore