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Questions raised by push to eliminate income tax in Missouri


A bill sponsored by Rep. Bishop Davidson in Missouri aims to eliminate the state income tax, starting with a reduction to a flat 4% rate next year. The legislation would potentially cost the state over $8.4 billion annually and be paired with a constitutional amendment to tax services like haircuts and real estate to offset the revenue loss. While Democrats raise concerns about the impact on state programs, supporters believe the tax elimination will boost population and economic growth. However, critics argue that the proposal could lead to cuts in essential services and harm lower-income individuals who spend a significant portion of their money on taxed items. Republicans, backed by Governor Mike Kehoe’s call for income tax elimination, are energized by the idea, even though it could result in significant revenue reductions. The bill, which is part of several tax-related measures pushed by the GOP, was under debate in the House Special Committee on Tax Reform. The proposal has sparked intense debate between Republicans, Democrats, and key stakeholders, with no final decision reached yet. The future of income tax in Missouri remains uncertain as lawmakers continue to weigh the potential consequences of such a dramatic change.

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