On January 18, 2018, Greitens announced tax cuts to be proposed in the state legislature.
More information on the cuts was released in the following weeks.
The plan was to cut individual and corporate taxes by approximately $800 million.
The overhaul would reduce the top individual income tax rate by 10% and the corporate income tax rate by nearly a third.
The top individual income tax rate would drop from 5.9% to 5.3%.
The proposal would also create a non-refundable state tax credit for low-income workers, which Greitens said would essentially eliminate income taxes for 380,000 people.
He said the bill would drop taxes 51%, from $920 to $449 annually for a married couple with two children earning $40,000.
Greitens also said the plan would drop taxes down 2.9%, from $6,917 to $6,716 annually, for a married couple with two children who earn $150,000.
The plan also intended to cut corporate tax rates from 6.25% to 4.25%.
It simplified the tax code and eliminated special rules that rewarded companies that hired employees outside of Missouri.
As a result, Missouri would have the country's second-lowest corporate tax rate.

Greitens's $28.8 billion fiscal 2019 budget proposal estimated a 2.5% growth rate in net general revenue, with 70% coming from personal income taxes.
To balance the operating budget, Greitens also proposed changes to the tax code that would increase state revenue.
One of these was removing the timely filing discount.
The discount offers vendors up to a 2% discount for filing sales taxes on time.
The Missouri Department of Revenue projected state savings of $57.4 million by eliminating the discount.

Greitens signed legislation that simplified Missouri's tax code, eliminated special rules that rewarded companies that hired employees outside of Missouri, and reduced Missouri's business tax rate from 6.25% to 4.0%, making it the second lowest in the country.
On January 18, 2018, Greitens announced tax cuts to be proposed in the state legislature. More information on the cuts was released in the following weeks. The plan was to cut individual and corporate taxes by approximately $800 million. The overhaul would reduce the top individual income tax rate by 10% and the corporate income tax rate by nearly a third. The top individual income tax rate would drop from 5.9% to 5.3%. The proposal would also create a non-refundable state tax credit for low-income workers, which Greitens said would essentially eliminate income taxes for 380,000 people. He said the bill would drop taxes 51%, from $920 to $449 annually for a married couple with two children earning $40,000. Greitens also said the plan would drop taxes down 2.9%, from $6,917 to $6,716 annually, for a married couple with two children who earn $150,000. The plan also intended to cut corporate tax rates from 6.25% to 4.25%. It simplified the tax code and eliminated special rules that rewarded companies that hired employees outside of Missouri. As a result, Missouri would have the country's second-lowest corporate tax rate.
Greitens's $28.8 billion fiscal 2019 budget proposal estimated a 2.5% growth rate in net general revenue, with 70% coming from personal income taxes. To balance the operating budget, Greitens also proposed changes to the tax code that would increase state revenue. One of these was removing the timely filing discount. The discount offers vendors up to a 2% discount for filing sales taxes on time. The Missouri Department of Revenue projected state savings of $57.4 million by eliminating the discount.
Greitens signed legislation that simplified Missouri's tax code, eliminated special rules that rewarded companies that hired employees outside of Missouri, and reduced Missouri's business tax rate from 6.25% to 4.0%, making it the second lowest in the country.
Eric Greitens