
Missouri Votes on Income Tax Abolition
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Missouri lawmakers propose eliminating income tax, replacing it with higher sales and use taxes. Governor Mike Kehoe supports the move, aiming to boost jobs and increase family income. Supporters argue income tax hinders economic growth, while opponents claim it disproportionately affects low and middle-income individuals. If approved, voters will decide in August or November, with potential tax increases for most residents, except top earners. The proposal could significantly impact Missouris economy, but current polls show low support.
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Kansas City News Today | 2 Min News | The Daily News Now! — Missouri Votes on Income Tax Abolition. Machine-transcribed; use the interactive transcript above to jump the player to any line.
It's April 21st. Welcome to Kansas News Today, powered by AI. Missouri lawmakers just greenlit the first move to kill off the state income tax. On Tuesday, the House passed the bill 95-59, agreeing with Senate tweaks to a constitutional amendment. This puts it on the ballot for voters to approve swapping income taxes for ramped up sales and use taxes. Governor Mike Kihoh ran hard on this promise to boost jobs and keep more cash in family pockets. This is top priority this session, and now the measure heads straight to voters. Maybe the August 4th primary, or November 3rd, general election. Supporters lit up the debate, calling income tax a productivity killer that misses tourist dollars and chases away businesses, just like in. No income tax states such as Texas, Florida, and Tennessee. Meanwhile, opponents fire back that it slams low and middle income folks' hardest since they spend way more on everyday goods. Recent breakdowns from groups like the Missouri budget project, paint a clear picture, 60-80%
of residents could face higher overall. Taxes hitting middle earners around $65,000 a year while top earners over $300,000 catch a break. Voters hold the real power here, with lawmakers getting five years to sort the details if it passes. No new hits on farm goods, health care, or real. The state, Perquíjo's vision. This could flip Missouri's economy, but polls shall support hovering low at around 37%.
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