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Momentum grows to swap income tax for sales tax in states]
Personally, from what I've read on both sides, I'd support this idea. Give me more of my money on each paycheck and I can choose where I spend it and you can tax that. Also, it'd definitely be better for businesses and encourage more in the state. I recently read how Texas has done and that the no state sales tax helps. A number of businesses have left California and a decent percentage have relocated to Texas. More business equals more jobs. More jobs equals more people spending money which will lead to more tax money for the state.
Regardless of what happens, I hope the state is serious about cutting spending. Time will tell on that one.
“The time has come,” said Jonathan Williams, director of tax and fiscal policy for the American Legislative Exchange Council, a national conservative group advising leaders in both states. “Of all the states considering this, both Kansas and Missouri are at the top of the list.”
Opponents of the plan in both states say they’re working to stop any effort to phase out the state income tax in exchange for a higher, broad-based sales tax. They argue that swapping the income tax for a sales tax would mean a multibillion-dollar shift in the tax burden from wealthy taxpayers to the middle class and poor.
But they also acknowledge that momentum is growing and may be difficult to stop.
“There’s no question about it,” said Missouri Sen. Jolie Justus, a Kansas City Democrat. “And people who are concerned about this proposal, which from what I’ve heard is most mainstream Missourians, should be talking about how to counter it.”
Opponents of the plan in both states say they’re working to stop any effort to phase out the state income tax in exchange for a higher, broad-based sales tax. They argue that swapping the income tax for a sales tax would mean a multibillion-dollar shift in the tax burden from wealthy taxpayers to the middle class and poor.
But they also acknowledge that momentum is growing and may be difficult to stop.
“There’s no question about it,” said Missouri Sen. Jolie Justus, a Kansas City Democrat. “And people who are concerned about this proposal, which from what I’ve heard is most mainstream Missourians, should be talking about how to counter it.”
Regardless of what happens, I hope the state is serious about cutting spending. Time will tell on that one.
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