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Missouri's Tax Tug-of-War | Jefferson City News

Missouri's Tax Tug-of-War | Jefferson City News

Published 2 weeks, 1 day ago
Description

Missouri’s Amendment Five could reshape state finances by blocking income taxes when the state has surplus revenue—and forcing tax cuts if there’s a surplus. Supporters tout it as an economic boost for businesses and individuals, but critics warn it may shift the tax burden onto everyday workers. The amendment also includes a gradual tax reduction over time, raising concerns about funding essential services like schools and roads. It’s a classic showdown: tax cuts vs. public needs.

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