Missouri Gov. Mike Parson on Wednesday signed an income tax cut and a package of incentives targeting rural economic projects into law, putting the finishing touches on a special legislative session he convened last month.
Independent analysis from the Missouri Budget Project found that, by the time the state's new tax plan is fully in place, the middle 20% of earners would save just $131 a yea on average, while the top 1% would be saving over $9,500.