Clif Smart: Missouri Voters Should Proceed Cautiously on Eliminating Income Tax

Clif Smart: Missouri voters should proceed cautiously on eliminating income tax

One of Governor Mike Kehoe’s priorities for this legislative session was the elimination of the state income tax. The first step toward that goal was achieved on April 20 when the legislature passed a proposed constitutional amendment that, if agreed to by voters, would eliminate the state’s 4.7 percent income tax and replace it with […] The post Clif Smart: Missouri voters should proceed cautiously on eliminating income tax appeared first on Sp…

The cost of Missouri’s tax plan.

Missouri voters will get to decide whether to raise sales taxes to eliminate the state’s income tax. See our analysis here.

Missouri Voters to Decide on Income Tax Elimination - Americans for Tax Reform

The Missouri House and Senate approved HCR 173/174, a historic resolution that will allow voters to decide on a constitutional amendment which, if approved, will phase out and permanently ban the state income tax – forever. Provisions within the amendment require the state to use surplus revenue to gradually lower the income tax rate over time until it phases out completely, much like the five states already on the “path to zero” have been doing…