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Missouri House budget committee OKs tax break

(AP) — Missouri residents who file income taxes would be eligible for a tax break under a new Republican proposal. 

The House Budget Committee approved the measure Tuesday. 

The bill now heads to the House floor for consideration. 

The proposal budgets $1 billion for tax breaks equal to what taxpayers owe the state in income taxes. 

The tax breaks are capped at $500 for individuals or up to $1,000 for married couples filing jointly. 

Democrats proposed setting aside $100 million to give onetime $1,000 checks to poor families who have struggled with housing or food insecurity. 

That proposal has been defeated.

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