Missouri mega-donor gives $1M to defeat earnings taxes

2 years 8 months 1 week ago Friday, March 04 2016 Mar 4, 2016 Friday, March 04, 2016 5:14:31 PM CST March 04, 2016 in News
By: The Associated Press

JEFFERSON CITY (AP) — Mega-donor Rex Sinquefield has given more than $1 million to a campaign to end the earnings taxes in St. Louis and Kansas City.

Campaign finance records show Sinquefield this week donated to the campaign, which is aimed at phasing out the 1 percent earnings tax over 10 years in the state's two largest cities.

The taxes are up for a renewal vote in April.

Anyone who lives or works in the cities pays the taxes.

Sinquefield bankrolled a 2010 statewide ballot measure requiring the earnings taxes be approved by local voters every five years.

Sinquefield in October also gave $500,000 to Republican state Sen. Kurt Schaefer, who is running for attorney general and has proposed a bill to end the St. Louis earnings tax.

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