Missouri
Missouri Budget Project: State Earned Income Tax Credit Would Benefit Missouri
May 7, 2015 • By ITEP Staff
Earned Income Tax Credits (EITCs) encourage work, enhance take-home pay, improve health & economic outcomes, and have lasting benefits. Proposals to create a state-level EITC would build on these benefits of the federal EITC for more than 500,000 Missouri families. Click here to read the full report.
St. Louis Post-Dispatch: In Rex Sinquefield’s Vision, Mom’s Generation is Written off
January 20, 2015 • By ITEP Staff
The current sales and excise tax burden on somebody who earns about $32,000 in Missouri is a little more than 5 percent of their income, according to the nonpartisan Institute on Taxation and Economic Policy. Meanwhile, the sales tax burden on somebody of Mr. Sinquefield’s income range is less than 1 percent. The opposite is […]
Kansas City Star: Study Ranks Kansas, Missouri Fairly High in Tax Fairness
September 17, 2014 • By ITEP Staff
Missouri and Kansas appear to have relatively fair state and local tax systems when compared with other states, according to a study released Monday. The study by WalletHub, a personal finance website, ranked Kansas 14th for tax fairness. Missouri ranked 21st. The survey results were then compared with state and local tax burden data from […]
Streetsblog: Will Missouri Voters Go Along with the Highway Lobby’s Money Grab?
August 1, 2014 • By ITEP Staff
By Angie Schmitt That means, if Amendment 7 passes, the state’s poorest residents — whether they drive or not — will pay a larger share of their income than the state’s affluent residents. A study by the Institute on Taxation and Economic Policy found that the poorest 20 percent of Missouri residents spend 5.9 percent of their income […]
Missouri Budget Project: Earned Income Tax Credit: A Targeted Tax Change with Significant Impact
July 31, 2014 • By ITEP Staff
The federal Earned Income Tax Credit (EITC) is a federal tax credit for low- and moderate-income working people. It encourages and rewards work as well as offsets federal payroll and income taxes. Read the Full Report (PDF)
St. Louis Post-Dispatch: Ten Good Reason to Vote against the Transportation Sales Tax
June 2, 2014 • By ITEP Staff
By the Editorial Board, May 31, 2014 It has been said of this editorial page that we’ve never met a tax increase we didn’t like. That’s not entirely true, but it’s close. We tend to favor fair taxes used in the common good for vital public services. But now we’ve studied the three-quarter-cent state sales […]
The Missouri Budget Project: Senate-Approved Tax Scheme Would Cost Nearly $800 Million SB 509 Would Require Cuts to Critical Services
May 12, 2014 • By ITEP Staff
The Missouri Senate approved Senate Bill 509 this week. The measure would require sharp cuts to state services, undermining Missouri’s economy by starving it of the resources it needs to offer quality education from preschool to college, a state of the art infrastructure, and safe, healthy and stable communities. Moreover, the minor tax reduction for […]
Associated Press: Missouri lawmakers pass tax cut; veto possible
April 17, 2014 • By ITEP Staff
(Original Post) Thursday, April 17, 2014 By DAVID A. LIEB ~ The Associated Press JEFFERSON CITY, Mo. — Setting up a likely veto showdown, the Republican-led Missouri Legislature gave final approval Wednesday to an income-tax cut for millions of individuals and thousands of business owners that Democratic Gov. Jay Nixon warned could imperil funding for […]
The News Tribune: MoDOT sales tax petition withdrawn
March 6, 2014 • By ITEP Staff
Supporters of a ballot initiative that would raise the state sales and use taxes to fund transportation projects have withdrawn their petition from the Secretary of State’s Office. Missourians for Safe Transportation and New Jobs submitted a proposal last October to place an initiative increasing the sales and use taxes by 1 percent on the […]
Missouri Budget Project: Nixon-Kraus Tax “Deal” Would Undercut MO Services, Including Education
February 18, 2014 • By ITEP Staff
According to recent analysis, the tax “deal” between Governor Nixon and Senator Kraus is skewed to benefit Missouri’s wealthiest families, and leaves all services vulnerable to cuts as a result of its $364-$500 million cost. Read the Full Report
Missouri Budget Project: Tax Proposals Before Senate Ways & Means Would Dramatically Reduce State Revenue, Disporportionately Benefit Wealthiest, But Not Create Jobs
January 24, 2014 • By ITEP Staff
The Missouri Senate Ways & Means Committee will hear three major tax bills this week. Though they differ in their components, each would drastically reduce state revenue, disproportionately benefit Missourians with the highest incomes, and fail to create jobs. MBP’s full analysis of the bills shows it would cost state services between $500 million and […]
Columbia Journalism Review: Invasion of the Job Snatcher
September 9, 2013 • By ITEP Staff
(Original Post) As the Missouri media takes up arms against Rick Perry, some facts and context get lost in the fray By Deron Lee FAIRWAY, KS — Texas and Missouri no longer square off as Big 12 opponents, but governors Rick Perry and Jay Nixon—with some help from Missouri’s media—have ignited a new interstate rivalry. […]
St. Louis Post-Dispatch: Tax calculator for Missouri legislation doesn’t give the full picture
May 2, 2013 • By ITEP Staff
(Original Post) I’m writing in response to Virginia Young’s “Tax shuffle could shake up Missouri” article (April 29) but specifically regarding the tax plan calculator that accompanies it online. The chart in the article comparing current law, the Senate and House plans is quite helpful and points out important distinctions between the proposals, but the […]
St. Louis Post-Dispatch: Missouri Senate declares class war against citizens
March 20, 2013 • By ITEP Staff
(Original Post) By the Editorial Board Midway through the first session of the 97th Missouri General Assembly, the state Senate — in the name of tax “reform” — has declared class war on at least 80 percent of the state’s 6 million citizens. The Senate has done this by proposing a massive shift in the […]
Missouri Budget Project: Racing to the Bottom
March 12, 2013 • By ITEP Staff
Senate Gives Initial Approval to Extreme Tax Cut Bill Which Would Devastate Missouri Services, Infrastructure, and the State’s Economy An extreme tax cut proposal, perfected this week by the Missouri Senate would slash Missouri’s general revenue budget by nearly $1 billion when fully implemented, resulting in devastating cuts to services throughout the state. Further, the […]
Missouri Budget Project: Senate Ways & Means Tax Cut Would Devastate Services, Infrastructure, and Economy
March 1, 2013 • By ITEP Staff
An extreme tax cut proposal approved by a Senate Committee this week would slash MO’s general revenue by more than one-fifth, resulting in devastating cuts to services throughout the state and undermining Missouri’s ability to invest in the very services that make it attractive to business. MBP’s latest report outlines the bill and its impact […]
Missouri Budget Project: Creating a State Earned Income Tax Credit for Missouri
January 14, 2013 • By ITEP Staff
In this time of economic turmoil, one of the most effective steps state lawmakers can take to stimulate Missouri’s economy is to create a State Earned Income Tax Credit (EITC). A State EITC would benefit more than 440,000 Missouri families and is also proven to be a valuable economic stimulus, generating more than $64.3 million […]
Missouri Budget Project: Consequences of HJR 36: Proposal to Dramatically Alter Missouri’s Tax Structure Would Burden Missouri Families and Economy
January 14, 2013 • By ITEP Staff
Recently, the Missouri House of Representatives passed HJR 36, a constitutional amendment which proposes dramatic changes to the state’s revenue structure by eliminating the individual and corporate income taxes and replacing them with a greatly expanded sales tax. If passed by the State Senate and then approved by voters, this shift would create a significant […]
Missouri Budget Project: Undocumented Workers: Impact on Missouri’s Economy
January 14, 2013 • By ITEP Staff
Immigration policies, per se, are outside the purview of the Missouri Budget Project. However, it is the MBP’s mission to provide information about fiscal issues that contributes to informed debate about education, health care, and other policies that affect the common good of Missourians. The Missouri Budget Project believes that sound decisions are based on […]
Missouri Budget Project: The “Mega Sales Tax” is Unwise Policy
January 14, 2013 • By ITEP Staff
There are currently nine initiative petitions and two legislative proposals to place a constitutional amendment before voters in November 2012 that would eliminate personal and corporate incomes taxes and replace them with a greatly expanded sales tax. The proposals have significant costs for the state and its residents, and are fraught with uncertainty. Read the […]
Missouri Budget Project: Creating a State Earned Income Tax Credit for Missouri: Supporting Work, Families & the Local Economy
January 14, 2013 • By ITEP Staff
The State EITC is one of the most effective Economic Stimulus Measures: In this time of economic turmoil, one of the most effective steps state lawmakers can take to stimulate Missouri’s economy is to create a State Earned Income Tax Credit (EITC). A State EITC could benefit as many as 440,000 Missouri families and is […]
Missourians for Tax Justice: Tax Reform Committee Hears HB 581
January 14, 2013 • By ITEP Staff
On March 16, the Tax Reform Committee of the Missouri House of Representatives heard House Bill 581 which would create a state earned income tax credit (EITC). The bill would authorize, beginning January 1, 2011, an individual income tax credit equal to 20% of any earned income tax credit claimed by the taxpayer on his […]
Belleville News-Democrat: Mo. House OKs tax cut, defeats stimulus spending
January 4, 2013 • By ITEP Staff
(PDF of Original Post) Posted on Thu, Apr. 30, 2009Mo. House OKs tax cut, defeats stimulus spendingBy DAVID A. LIEBAssociated Press Writer House members passed a $463 million annual tax cut Thursday but defeated a plan to spend $336 million of federal stimulus money on projects across Missouri. Some Republicans cast the dual votes as […]
Columbia Missourian: ‘Fair tax’ gains traction in Missouri legislature
January 4, 2013 • By ITEP Staff
(PDF of Original Post) By Spencer WillemsMay 19, 2009 | 12:01 a.m. CDT COLUMBIA — Increasing frustration over Missouri’s 90-year-old income tax has prompted legislators to begin pushing an alternative that to date has been little more than a fringe issue on the national political scene. Although the proposal to let voters decide whether to […]
Columbia Missourian: Fair Tax rally to be held Saturday
January 4, 2013 • By ITEP Staff
(PDF of Original Post) By Adam Falk, furqaan sadiqJune 11, 2009 | 12:01 a.m. CDT COLUMBIA — When Ray Walker moved to Jefferson City in 2005, he said the words “fair tax” were basically unknown. “Now, it’s not uncommon to go down the street and mention ‘fair tax,’” said Walker, who is the director of […]
