Recovering politician dangerous to political ne’er-do-wells of any party and to all who would attack our freedoms under cover of faux wokeness! #DeSantis
@restore_GI_Bill@NickBSchroer Once again, it is a myth, and the comparison is false! Kansas did not do what Missouri is proposing. What Missouri is proposing to do is working in Tennessee and other states.
It’s funny that people who oppose A5 misuse the Auditor’s earning on fund balances and projected shortfalls then totally ignore his reasoning and support of A5!
Auditor Fitzpatrick does an excellent job of laying out the case for A5 and totally lays waste to most of the fear mongering that is going on starting about 5 minutes in to the video!
https://t.co/lhtX2cnDxs
That's false. You provide zero proof of your allegation. A dollar-for-dollar exchange is not double taxation, nor is it redistribution.
Math can be difficult for some people, especially when it does not fit the narrative they are trying to sell.
The graphic showing what a working family making $60,000 a year can save through the elimination of the income tax under A5 would be $2,820, but take it a step further.
If this family lives in St. Ann, where the current total sales tax rate is 12.238%, then under A5, assuming a 6% total state sales tax rate as the maximum being discussed by legislators in public forums, the St. Ann rate after rollback would be about 9.484%.
If they bought a $60,000 vehicle today, they would pay $7,342.80 in total sales tax. Under A5, they would pay $5,690.40, saving $1,652.40. Combined with the $2,820 they would save from eliminating the income tax, that comes to a total savings of $4,472.40, and that does not even include any added savings on items they already buy that are currently taxed at 12.238%, but would now be taxed at 9.484%.
This family would have to spend more than $47,000 on items that could be added to the sales tax base before they would pay more than they save above. And since essentials would not be taxed, they would still have plenty of control over how they spend their money. #YesOn5 #AxeTheTax
A5 is the correct framework for a constitutional amendment. The legislature will implement the process under the constraints of the existing constitution and the measure. There will be no double taxation, as income tax reductions are offset dollar-for-dollar by the sales tax; therefore, no "extra" sales tax will be paid.
I asked ChatGPT to give me a list of all the times @MissouriBudget said the sky would fall if we cut taxes, only to be proven hilariously wrong. Four hours later I have the list…and a supplemental electrical bill for $26,000. #AxTheTax
Math can be difficult for some people, especially when it does not fit the narrative they are trying to sell.
The graphic shows what a working family can save through the elimination of the income tax under A5, but let’s go one step further.
If this family lives in St. Ann, where the current total sales tax rate is 12.238%, then under A5, assuming a 6% total state sales tax rate as the maximum being discussed by legislators in public forums, the St. Ann rate after rollback would be about 9.484%.
If they bought a $60,000 vehicle today, they would pay $7,342.80 in total sales tax. Under A5, they would pay $5,690.40, saving $1,652.40. Combined with the $2,820 they would save from eliminating the income tax, that comes to a total savings of $4,472.40, and that does not even include any added savings on items they already buy that are currently taxed at 12.238%, but would now be taxed at 9.484%.
This family would have to spend more than $47,000 on items that could be added to the sales tax base before they would pay more than they save above. And since essentials would not be taxed, they would still have plenty of control over how they spend their money.
#YesOn5 #AxeTheTax
All Missourians benefit from a growing economy and phasing out the income tax. Here's a table showing the savings for Missouri households if voters approve phasing out the state's income tax.
Senator Curtis Trent has published a white paper that properly and more than adequately exposes the falsehoods of the Missouri Budget Project and those who use its outputs to oppose Amendment 5!
Well done, Senator!
https://t.co/aZkHtbXmM8
“It has to be revenue neutral and any expansion of sales tax at the local level, which would result in additional income for local governments would be required to be used to either rollback sales tax or to rollback property tax.”
It’s sad that so many people are ignorant of what the Hancock amendment actually does. Most comments against the measure reflect a significant lack of knowledge of Hancock.
The Hancock Amendment is a protection for taxpayers as a whole, not a guarantee that every individual taxpayer will be insulated from every possible tax change. Missouri voters approved Hancock as a constitutional limit on state and local taxing and spending, requiring voter approval for tax increases and placing overall revenue and spending restraints on government.
In other words, Hancock is about limiting government’s ability to grow its tax burden on the public as a whole, not about promising that no individual taxpayer will ever see any change in how a tax is structured. That is why the broader constitutional framework matters when discussing any revenue-source change.
So when people talk about Hancock, they should be accurate: it is a taxpayer protection, but it is designed as a statewide constitutional limit, not a personal shield against every tax policy adjustment.
I’ll wait for the inevitable “you’re wrong”, but I’m not.