Missouri Voters Reject Tax Overhaul
Missouri voters have rejected Amendment 5, a proposal that would have overhauled the state's tax system. The amendment proposed a phase-out of the state's income tax, while allowing lawmakers to increase taxes on goods and services.
- The amendment would have given lawmakers the power to tax certain goods and services that are currently exempt.
- It would have also required local tax rate cuts without reducing school funding if local sales tax revenue increased.
Voters have spoken out against the proposed changes, citing concerns about the potential impact on seniors and low-income families, as well as the lack of clarity on which goods and services would be subject to taxation.
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