Missouri House committee approves 'flat tax' proposal

5 months 4 weeks 1 day 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
KANSAS CITY (AP) — The Missouri Republican Party says a miscommunication caused 10,000 voters in the state to receive mailers... More >>
36 minutes ago Monday, October 22 2018 Oct 22, 2018 Monday, October 22, 2018 10:31:27 AM CDT October 22, 2018 in News
JEFFERSON CITY (AP) — The Missouri Supreme Court has allowed an injunction to remain in place against part of... More >>
1 hour ago Monday, October 22 2018 Oct 22, 2018 Monday, October 22, 2018 9:44:00 AM CDT October 22, 2018 in News
KANSAS CITY (AP) — Police say one person died and three people were injured when an off-duty Kansas City police... More >>
3 hours ago Monday, October 22 2018 Oct 22, 2018 Monday, October 22, 2018 7:48:00 AM CDT October 22, 2018 in News
COLUMBIA (AP) — Three black trailblazers at the University of Missouri have been honored on the Columbia campus. The... More >>
3 hours ago Monday, October 22 2018 Oct 22, 2018 Monday, October 22, 2018 7:36:12 AM CDT October 22, 2018 in News
COLUMBIA -The next Mega Millions drawing will take place the night of Oct. 23 at 10 p.m. central time. ... More >>
7 hours ago Monday, October 22 2018 Oct 22, 2018 Monday, October 22, 2018 3:57:00 AM CDT October 22, 2018 in News
COLUMBIA - The University of Missouri's 107th Homecoming has come and gone, but left behind a lot of clean up.... More >>
12 hours ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 10:34:00 PM CDT October 21, 2018 in News
HERMANN - Neighbors in the town of Hermann, Missouri are still grieving after a fatal accident involving a trolley killed... More >>
13 hours ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 10:01:00 PM CDT October 21, 2018 in News
COLUMBIA - The Missouri men’s basketball program suffered a crushing blow Sunday night when it was announced that sophomore power... More >>
15 hours ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 7:34:00 PM CDT October 21, 2018 in Sports
(CNN) - President Donald Trump announced Saturday that the US is pulling out of the landmark Intermediate-Range Nuclear Forces Treaty... More >>
18 hours ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 4:20:00 PM CDT October 21, 2018 in News
(CNN) - The Washington Post says Saudi Arabia's announcement about the death of contributing columnist Jamal Khashoggi is not an... More >>
20 hours ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 2:28:00 PM CDT October 21, 2018 in News
COLE COUNTY - One man is dead after being ejected from his motorcycle during a crash Saturday night. Kin... More >>
1 day ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 9:15:00 AM CDT October 21, 2018 in News
PECULIAR - Fourth generation dairy farmer Jay Fogle is one of many Missouri milk cow operators who are struggling to... More >>
1 day ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 8:45:00 AM CDT October 21, 2018 in News
COLUMBIA - One person was killed in a crash late Saturday night on North Stadium Boulevard (State Route E) near... More >>
1 day ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 12:47:00 AM CDT October 21, 2018 in News
HERMANN - One person was killed and several people were injured in a crash involving a trolley, according to the... More >>
1 day ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 11:57:00 PM CDT October 20, 2018 in News
(CNN) -- President Donald Trump announced Saturday that the US is pulling out of the landmark Intermediate-Range Nuclear Forces Treaty... More >>
1 day ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 5:11:00 PM CDT October 20, 2018 in News
COLUMBIA – Nineteen members of Missouri Task Force One returned to Boone County Fire Protection District headquarters Saturday morning after... More >>
1 day ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 3:16:00 PM CDT October 20, 2018 in News
SPRINGFIELD (AP) — A man has been criminally charged days after a woman's body was found near Fellows Lake at... More >>
1 day ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 1:58:08 PM CDT October 20, 2018 in News
SPRINGFIELD (AP) — A Springfield woman who killed her live-in boyfriend with a crowbar in 2017 has been sentenced to... More >>
1 day ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 1:48:36 PM CDT October 20, 2018 in News
Columbia, MO
Broken Clouds 60°
12pm 60°
1pm 63°
2pm 66°
3pm 68°