Where are the offset bills to reduce spending to cover either of these tax elimination bills?
Corporate tax runs perhaps a $1 billion a year?
Individual tax runs around $8.5 billion a year?
Why the legislature is not trying to move back to 2020 budget amounts is beyond me.
I moved here in 2017. Every year my home-lender bank revises my escrow payment up to cover the cost of insurance and PP tax. This is what will happen to the Vat-tax every year because the legislature has proven it is growth happy and immune from fiscal responsibility. I moved from a state with no sales tax and an individual income tax rate comparable to MO's.
MO already has a sales tax and yet it now wants a Vat. No thanks, although I believe that taxing productivity is insane and taxing consumption is appropriate (with exceptions like food) with perhaps a yearly rebate for very low-income families.
There needs to be a computation applied to State spending. How about increases not to exceed 1% in year over year expenditures (budget)? It is hard not to assume that the cities/counties and state have gleaned revenue increases from the increase in overall pricing on products and goods. One would think a lower sales tax is in order.
You would think they would want to reduce spending, but they are looking for ways to add taxes while telling us they are potentially reducing them if we do our part first.
"Moon's approach, by contrast, represents a vision of economic liberty. By removing corporate taxes that inflate the cost of everyday goods, his plan returns money directly to people's pockets. This gives families more resources for formation and growth while forcing the government to operate within reduced means. Rather than managing decline through bureaucratic complexity, it trusts Missourians with their own economic choices."
I asked him for a comment, but did not get one at the time of the publication or since. I am persona non grata in Christian County politics since I decided to declare that Jamie Gragg needs to be primaried.
Where are the offset bills to reduce spending to cover either of these tax elimination bills?
Corporate tax runs perhaps a $1 billion a year?
Individual tax runs around $8.5 billion a year?
Why the legislature is not trying to move back to 2020 budget amounts is beyond me.
I moved here in 2017. Every year my home-lender bank revises my escrow payment up to cover the cost of insurance and PP tax. This is what will happen to the Vat-tax every year because the legislature has proven it is growth happy and immune from fiscal responsibility. I moved from a state with no sales tax and an individual income tax rate comparable to MO's.
MO already has a sales tax and yet it now wants a Vat. No thanks, although I believe that taxing productivity is insane and taxing consumption is appropriate (with exceptions like food) with perhaps a yearly rebate for very low-income families.
There needs to be a computation applied to State spending. How about increases not to exceed 1% in year over year expenditures (budget)? It is hard not to assume that the cities/counties and state have gleaned revenue increases from the increase in overall pricing on products and goods. One would think a lower sales tax is in order.
You would think they would want to reduce spending, but they are looking for ways to add taxes while telling us they are potentially reducing them if we do our part first.
WAKE UP MISSOURIANS. Time to call your Rep’s and Senators !!!’n
"Moon's approach, by contrast, represents a vision of economic liberty. By removing corporate taxes that inflate the cost of everyday goods, his plan returns money directly to people's pockets. This gives families more resources for formation and growth while forcing the government to operate within reduced means. Rather than managing decline through bureaucratic complexity, it trusts Missourians with their own economic choices."
Yes! That's right.
Thanks.
What would Mike Moon do about individual income tax?
Reduce it? Or keep it the same?
The states that have eliminated it such as Texas and Tennessee have attracted both business and people.
Thanks.
I asked him for a comment, but did not get one at the time of the publication or since. I am persona non grata in Christian County politics since I decided to declare that Jamie Gragg needs to be primaried.