
Missouri's Income Tax Elimination Plan: A Closer Look
Kansas City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Missouri Governor Mike Kehoe proposes eliminating the states income tax to boost the economy and attract more people. The plan involves expanding sales taxes to include services and phasing out income tax within five years. However, critics argue its regressive, hitting low-income families hard and potentially leading to budget ups and downs. School advocates fear significant cuts, and teachers warn of potential school closures and consolidations. Proponents remain optimistic, citing people moving to no-income-tax states and added protections for schools. The bill could go to voters as early as this fall.
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