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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 sparks debate: it lets the state avoid income tax if it brings in enough revenue and forces a tax cut if there’s a surplus—raising concerns that the burden may shift to everyday shoppers paying more in sales tax. Supporters say it’ll jumpstart the economy, while critics worry about long-term funding for essential services as the state risks cutting vital spending with a lower tax base. It’s a high-stakes balancing act between tax relief and fiscal responsibility.

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