Nixon correct to veto tax cut bill

Our state has one of the lowest individual tax rates in the country. If economic growth were to follow as espoused by supporters of the tax cut, we would already be booming! The legislature reduced the rate from 6 percent to 5.5 percent. When fully implemented, it reduces state income by around $600 million a year. At the same time, they are proposing an annual $600 million sales tax increase for roads; not a gas tax, a sales tax. There is currently a $600 million shortfall in their formula for K-through-12 school funding.

The tax rate was set in 1937. To say a tax rate set more than 70 years ago is too high is quite a stretch. Since we are already one of the lowest tax states in the country, we certainly don't need to go lower if we are to become a more dynamic state. It would seem prudent to use what we have to provide better services. Businesses are attracted by an educated workforce, good roads, adequate public safety, modern health and mental health treatments, and other critical services. Gov. Nixon was right to veto SB509, and the Legislature was wrong to override the veto.

JERRY FORD, former state representative, Cape Girardeau