From @aaron_hedlund
What does amendment 5 actually do to sales taxes?
1) No change in the authority to raise sales tax rates. The legislature can already do this. The liberal Missouri Budget Project's bogey man scenario of double-digit sales tax rates? The legislature could do that RIGHT NOW without amendment 5 if it wanted to (Hancock allows tax switches without a vote of the people), so it's a total red herring.
2) Prior to 2016, the legislature had the authority to broaden the sales tax base to keep up with a changing economy. Was the legislature abusing that to tax prescriptions and other pressing items? No. Amendment 5 just restores that flexibility but says that any sales tax base expansion must be 100% offset with income tax cuts AND local sales tax rate rollbacks (or property tax cuts).
3) Local sales tax rates have gone UP since 2016, and so have property taxes! The average local sales tax rate was 3.66% in 2016, and now it's 4.22% (source: Tax Foundation). This is because the sales tax base has been undermined by the shift to a digital economy that is untaxed because of the 2016 amendment that froze the base. The consequence? Localities are making up for it with higher rates on necessities that people rely on everyday.
4) A broader sales tax base enables a LOCAL shift in the tax burden from high rates imposed on necessities to low rates imposed on a more representative basket of goods and services that also includes money that high-income people currently spend tax-free.
5) What about a vote of the people? Amendment 5 doesn't change those rights AT ALL. Hancock says that voters must approve any *net tax increases* over the course of a year that cumulatively sum to over $150 million per year (yes, that means the legislature can raise net taxes by $150 million without a vote). Amendment 5 leaves that intact and goes further by saying any sales tax changes must be 100% offset so that the net effect can't go up at all.
6) Lastly, and importantly, even without sales tax changes, Amendment 5 brings down income taxes by imposing revenue growth triggers that limit spending and pass the savings to taxpayers.
I know a lot of people are starting to feel dug in, but this is the honest truth.
@kmoxnews St Louis is dying a slow death. These politicians better get the homelessness and crime out of the city are there won’t be a city to pay their salaries!
I am so tired of hearing about food insecurity. If there are so many people in this country starving, why the hell is obesity our biggest health problem. The US is the only country who has starving obese people. You aren't missing any meals if you weigh 400lbs. Cut the bs.
Enforcement saves lives. Last night your Troop C Troopers, along with local agencies, conducted a hazardous moving project on MO 367 resulting in 125 stops, 4 DWI arrests, 2 felony drug arrests, 163 citations & 10 warrants cleared. Protecting Missouri’s roads every day!
Have you noticed many democrat politicians who are running for office, like Steve Butz, are using the anti-MAGA spiel? They have nothing else. All they can do is play on liberal TDS. STL is a hot mess due to 77 years of democrats. Trump had nothing to do with it.
Dear Missouri, in short, I’m yes on 3 because I’m pro life. Yes on 4 because our IP is broken, yes on 5 because I’m for lower taxes. I’m not here to tell you what to do, I’m here to share my own opinions. I am a small business owner and a free thinker. Don’t write my narrative for me!Thank you for your attention to this matter 🇺🇸
@PeterKinder Maybe these politicians should worry about why the city is in shambles with crime, population decreasing, businesses shutting down, roads suck services suck taxes are crazy high for no police protection. The flag gate is a small issue probably put up wrong.
And we let ours at City Hall double their own salary to do so. They didn't do a damned thing to help St. Louis with the ARPA funds, and they are patting themselves on the back because they figured out a way to screw the city out of the Rams money. Vote. Them. Out.