Missouri House committee approves 'flat tax' proposal

2 years 1 month 1 week ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 2:56:00 PM CDT April 23, 2018 in News
By: Max Cotton, KOMU 8 Reporter
loading

JEFFERSON CITY – Tax reform in Missouri is one step closer to becoming a reality.

The Missouri House Ways and Means committee voted Monday to send the reform bill to the floor. The bill would create a single individual income-tax bracket at 5.9 percent. Currently, there are ten income-tax brackets.

"This is aimed to simplify the tax code, making it easier for folks to just sit down at the kitchen table and do their own taxes," said the bill's sponsor, Rep. J. Eggleston, R-Maysville.

Another lawmaker fears the simplified tax code might create problems for the state. Rep. Richard Brown, D-Kansas City, is concerned the proposal may make it harder to fund essential services and programs.

"I don't want to see Missouri be in a bad place where we don't have sufficient amount of money to do things we need to do in the state," Brown said.

Eggleston said he disagrees, claiming the bill is revenue neutral.

"We have both revenue cuts and revenue growth built in," he said. "We won't see a big dip in revenue, but we won't see a huge tax increase on the people either."

The bill eliminates the $2,100 personal deductions, and the additional $1,400 for the head of household or surviving spouse. It would also require married couples to file a combined return instead of individually. 

This bill is one of multiple tax reform proposals. Eggleston said he believes this bill is more appealing because it is simpler than others.

More News

Grid
List
ST. LOUIS (AP) — A retired police captain who died during a night of violent protests was trying to protect... More >>
28 minutes ago Wednesday, June 03 2020 Jun 3, 2020 Wednesday, June 03, 2020 12:38:00 PM CDT June 03, 2020 in News
ST. LOUIS - According to a tweet posted Tuesday night on the Missouri State Highway Patrol's Twitter, a bullet pierced... More >>
3 hours ago Wednesday, June 03 2020 Jun 3, 2020 Wednesday, June 03, 2020 9:09:00 AM CDT June 03, 2020 in News
COLE COUNTY - The Cole County Crisis Negotiation Team and SWAT took one subject into custody after a barricade in... More >>
6 hours ago Wednesday, June 03 2020 Jun 3, 2020 Wednesday, June 03, 2020 6:10:00 AM CDT June 03, 2020 in News
COLUMBIA - Tuesday was the rescheduled municipal election from April. The election was initially postponed due to Coronavirus concerns. ... More >>
14 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 10:25:00 PM CDT June 02, 2020 in News
JEFFERSON CITY (St. Louis Post-Dispatch) — The Missouri Supreme Court has overturned the conviction of a man imprisoned in a... More >>
14 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 10:18:01 PM CDT June 02, 2020 in News
JEFFERSON CITY - A 20-year-old Jefferson City man was arrested on suspicion of two different sodomy charges. The Fulton... More >>
15 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 10:05:00 PM CDT June 02, 2020 in News
COLUMBIA - A 25-year-old woman is sharing her story after she was hit by a car Monday during a protest... More >>
15 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 9:44:00 PM CDT June 02, 2020 in News
COLUMBIA - Protests continued along Broadway in downtown Columbia Tuesday night. During the protest, Columbia police officers took a... More >>
15 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 9:34:00 PM CDT June 02, 2020 in News
JEFFERSON CITY (AP) — A Missouri judge has dismissed two lawsuits against a ballot proposal to expand Medicaid health care... More >>
16 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 8:51:39 PM CDT June 02, 2020 in News
KANSAS CITY (AP) — A coronavirus outbreak at a Kansas City paper plant has infected more than 200 people. ... More >>
16 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 8:45:51 PM CDT June 02, 2020 in News
FORT LEONARD WOOD - A Department of Army civilian died at Fort Leonard Wood following a crane incident around 2... More >>
17 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 7:30:02 PM CDT June 02, 2020 in News
COLUMBIA - Gov. Mike Parson announced Monday he is withholding $131 million from the Department of Elementary and Secondary Education... More >>
17 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 7:30:00 PM CDT June 02, 2020 in News
COLUMBIA - After several days of protests around the state of Missouri, Columbia Police Chief Geoff Jones released a statement... More >>
18 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 6:59:00 PM CDT June 02, 2020 in News
COLUMBIA – Boone County elections are being held today, and they look a little different than normal. COVID-19 precautions,... More >>
18 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 6:12:00 PM CDT June 02, 2020 in News
COLUMBIA - Around 10:50 p.m. the Columbia Police Department tweeted and said Daniel Wood had been located. @ColumbiaPD... More >>
22 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 2:52:00 PM CDT June 02, 2020 in News
COLUMBIA — As state and commercial testing is more available for the Missourians, the number of confirmed cases is rising.... More >>
23 hours ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 2:00:00 PM CDT June 02, 2020 in News
ST. LOUIS — The City of St. Louis is under a curfew starting Tuesday at 9 p.m. ... More >>
1 day ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 12:46:00 PM CDT June 02, 2020 in News
(CNN) -- Life today is razor's-edge tense. If your regular coping methods aren't measuring up, there are science-backed actions we... More >>
1 day ago Tuesday, June 02 2020 Jun 2, 2020 Tuesday, June 02, 2020 12:33:24 PM CDT June 02, 2020 in A Brighter Tomorrow
Columbia, MO
Broken Clouds 86°
1pm 89°
2pm 89°
3pm 90°
4pm 89°