Several constitutional amendments that propose to eliminate personal and corporate income taxes and replace them with a greatly expanded sales tax have been introduced this year in the Missouri Legislature. Click here to read a policy brief on these proposals. Click here to read a fact sheet on how this would impact Missouri families and here to learn how it will impact seniors. Click here... Read more >
Enacting the streamlined sales tax will help keep Missouri businesses competitive, provide the state with much-need funds and modernize our revenue structure. Click here to learn more about this proposal.
Senate Joint Resolution 29 and House Joint Resolution 56 would place a constitutional amendment on the ballot to dramatically change the state’s revenue structure by eliminating individual and corporate income/franchise taxes and replacing them with a greatly expanded sales tax. The new statewide sales tax would both increase the current sales tax rate and expand the base of the state sales tax to include all purchases and services. Click here... Read more >
This presentation provides an overview of the state of Missouri’s budget and the structural causes of the state’s budget struggles.
House Joint Resolution (HJR) 77 currently being debated in the Missouri Legislature would allow Missouri to increase bonds for much needed capital improvement projects by $800 million. However, the issue must be evaluated in the overall context of the Missouri state budget situation. Click here to read more.
Missouri general revenue collections, after refunds, declined 21.7 percent in December, which results in a 10.6 percent decline for the first six months of fiscal year 2010 overall. Click here to read the latest general revenue report for fiscal year 2010.
Poor families in Missouri continue to face substantial state income tax liability, according to a new report by the Center on Budget and Policy Priorities. Click here to read a news release about the report.
Click here to read a summary of the budget restrictions announced by the Governor on October 28, 2009.
State Revenue dropped drastically in the first quarter of the fiscal year. Without the American Recovery and Reinvestment Act funding Missouri would be facing a major budget crisis in the current year. Revenue drop calls for further Federal Stimulus funds for the State in order to avoid major budget problems in the next year. Click Here to read more.
Click here to learn more about where Missouri ranks in revenue collections and spending on state residents compared with other states.
Missouri’s revenue collections declined sharply in Fiscal Year 2009. Click here to read a detailed report of this decline in state revenue and what it could mean for the current fiscal year.
Click here to read an analysis of how the 2009 proposal would impact Missouri families.
Click here to read a fact sheet on this issue.
Click here to read a fact sheet on the ramifications of the 2009 TABOR bill.
Click here to learn more about why Missouri should pass a streamlined sales tax.
Click here for imformation on the benefits of Missouri decoupling from Federal Bonus Depreciation.
Click here to learn more about how a State Earned Income Tax Credit (EITC) could help support Missouri’s families and economy.
Click here to learn more about how fully funding state services can help Missouri’s economy recover.
