Missouri treasurer to talk taxes with Trump officials - KMOV.com

Missouri treasurer to talk taxes with Trump officials

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President Donald Trump speaks to reporters during a visit by the Victory Christian Center School from Charlotte, N.C. rocket team, Friday, May 12, 2017, in the Oval Office of the White House in Washington. (AP Photo/Evan Vucci) President Donald Trump speaks to reporters during a visit by the Victory Christian Center School from Charlotte, N.C. rocket team, Friday, May 12, 2017, in the Oval Office of the White House in Washington. (AP Photo/Evan Vucci)

JEFFERSON CITY, Mo. (AP) - Missouri's Republican Treasurer Eric Schmitt is meeting with members of President Donald Trump's administration to show support for a tax code overhaul.

Schmitt on Wednesday said he's making a day trip to Washington, D.C. on Thursday to meet with Trump administration officials and advisers. He says other state treasurers and officials also will be in attendance.

Schmitt said he supports cutting taxes despite estimates reported by the Columbia Daily Tribune that current proposals to double the standard deduction used by most Americans could mean a state revenue loss between $500 million and $1 billion. Schmitt said the impact on the Missouri budget is unknown at this time but generally praised cuts as a way to spur the economy.

Schmitt says he's paying for the trip with campaign money.

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