Missouri House Passes Sales Tax Hike for Income Tax Cut
Kansas City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Missouri House Passes Plan to scrap Income Tax, Boost Sales Tax: A contentious proposal to let voters decide on a constitutional change allowing lawmakers to hike sales taxes and gradually cut income taxes has passed the House. The plan, backed by Republican Governor Mike Kehoe, ties sales tax boosts directly to income tax reductions. However, critics argue its regressive, hitting low-income folks hardest. The plan also eyes taxing more services and promises exemptions for housing, health care, and farming, but details are unclear. The proposal now heads to the Senate, with potential court fights looming if it reaches voters.
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