Missouri House Tax Committee Gears Up for Pivotal Vote on Flat Tax Proposal
Rep. Bishop Davidson Drives Innovative Flat Tax Proposal, Targeting Income and Property Tax Abolition
According to Washington Examiner, the House committee on taxes is getting ready to make a big decision. They’ll vote on a flat tax proposal to change how taxes work and think about two other ideas to slowly get rid of income and property taxes in Missouri. Rep. Bishop Davidson who’s a Republican is leading the charge on the flat tax proposal. If they pass they could really change how taxes work in our state.
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4% Flat Tax Proposal Heads to Missouri Ballot as House Committee Votes (PHOTO:KCUR)
Missouri House Tax Committee Weighs Flat Tax Proposal: Balancing Revenue, Services, and Future Tax Cuts
The House committee is deciding on a flat tax proposal to change taxes in Missouri. Some think the flat tax proposal could bring in more money without cutting services but others worry it might mean less money for important things and rely too much on sales taxes. There are also ideas about making a special fund for extra money and cutting taxes more in the future. This decision will affect everyone in Missouri potentially changing how much money the state has and how taxes impact us.
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