Missouri’s upcoming gubernatorial election is heating up, with Republican candidates sharing their views on personal property taxes. Personal property taxes are a hot button issue for many Missourians, as they are levied on items such as cars, boats, and trailers.
Current Governor Mike Parson has not taken a firm stance on this issue, stating that he would like to see a more comprehensive tax reform plan before making any decisions on personal property taxes. However, other Republican candidates have been more vocal about their positions.
Leading candidate Eric Greitens has expressed support for eliminating personal property taxes altogether, arguing that they burden individuals and stunt economic growth. Another candidate, Eric Schmitt, has called for a gradual phase-out of personal property taxes, believing that it is an unfair tax that disproportionately affects lower-income individuals.
Candidate Scott Fitzpatrick has taken a different approach, proposing a tax credit that would offset the cost of personal property taxes for all Missourians. He believes that this would provide relief for those struggling to afford these taxes while still generating revenue for the state.
Overall, the Republican candidates for governor in Missouri have differing views on personal property taxes. While some support outright elimination, others advocate for gradual phase-outs or tax credits to alleviate the burden on individuals. As the election approaches, voters will have to weigh these candidates’ positions on personal property taxes along with other important issues in order to make an informed decision at the polls.
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