New Initiative Seeks to Eliminate Sales Tax

6 years 1 week 4 days ago Monday, August 12 2013 Aug 12, 2013 Monday, August 12, 2013 10:38:00 AM CDT August 12, 2013 in News
By: Hayley Buck, KOMU 8 Reporter
loading

ST. LOUIS COUNTY - Two men are running a new political action committee aimed at completely eliminating sales tax in Missouri.

No MO Sales Tax, the initiative started by 52-year-old Lloyd Sloan and 20-year-old Ken Newhouse, has been gaining attention statewide.

The grassroots super-PAC said cutting sales tax would give Missourians more money in their pockets to spend in the state's economy, spurring growth.

"It's fair to ask the question, how are you going to make up the revenue, but when we cut income taxes, no one ever asks that question," Sloan said. "How come, we can cut the income taxes and everyone says we'll just grow our way out of it? Why can't we just grow our way out of it with the sales tax?"

Sloan and Newhouse said the idea came after Newhouse spent the first part of his summer in Oregon, a state with no sales tax. The two said they saw a system that was working for a comparable-sized state, and thought they could make the same system work in Missouri.

Skeptics on both sides of the political spectrum have disagreed with Sloan and Newhouse, but the pair said, with time, it could be a solution that pleases both parties.

"Democrats are supposed to be for the poor, Republicans are supposed to be for tax cuts. I'm doing both and they both oppose it," Sloan said.

Jefferson City's administrator said taking sales tax out of the equation would eliminate a quarter, up to a third in some cities, of usable revenue for city government.

"An economist would say, if you give tax cuts, particularly at low levels, then it generates more economic activity," said Nathan Nickolaus. "The problem is that, for local governments, the way we translate more economic activity into tax money is sales tax."

Sloan and Newhouse said reducing the sales tax one percent at a time could prove the idea works. Combined with possible cuts in spending or eliminations of TIF tax breaks, they said, the economy will, in fact, grow.

Also opposing No MO Sales Tax are supporters of the fair tax plan. In this initiative, several taxes would be eliminated, and instead replaced with a national blanket sales tax rate of 23 percent.

Sloan and Newhouse said, although the fair tax plan calls for cutting some taxes, it would inevitably further damage the economy.

"They call it revenue-neutral," Newhouse said. "But the one thing they fail to do is cut spending. They don't cut the size of government, they don't try to solve any of that problem."

Sloan and Newhouse hope to schedule a debate with a state legislator on the fair tax and their own initiative this fall. Until then, they said, they would continue to get their name and message out to Missourians statewide.

 

More News

Grid
List
JEFFERSON CITY (AP)— Two former state lawmakers have been appointed to the Missouri commission that regulates casinos, fantasy sports... More >>
4 hours ago Saturday, August 24 2019 Aug 24, 2019 Saturday, August 24, 2019 4:35:00 AM CDT August 24, 2019 in News
ST. LOUIS (AP) — St. Louis police and the U.S. Marshals Service have found and taken into custody two people... More >>
14 hours ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 7:22:00 PM CDT August 23, 2019 in News
JEFFERSON CITY - A scare over a recent Facebook threat has a neighborhood rethinking the safety of their children. ... More >>
17 hours ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 3:43:00 PM CDT August 23, 2019 in News
COLUMBIA - Forty-five cats, two birds, and three dogs are currently being housed at the Central Humane Society after a... More >>
17 hours ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 3:36:00 PM CDT August 23, 2019 in News
FULTON – Students at Westminster College are getting some high tech help from the school: free iPads and Apple Pencils.... More >>
18 hours ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 2:48:00 PM CDT August 23, 2019 in News
COLUMBIA- People in Boone and Callaway Counties have been receiving calls from people saying they need to pay money for... More >>
19 hours ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 2:31:00 PM CDT August 23, 2019 in News
COLUMBIA - A tweet with video showing what appears to someone throwing something at a downtown church prompted police to... More >>
19 hours ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 2:18:00 PM CDT August 23, 2019 in News
JEFFERSON CITY- Gov. Mike Parson tweeted about a big campaign announcement on his personal Twitter account Friday. ... More >>
20 hours ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 1:19:00 PM CDT August 23, 2019 in News
JEFFERSON CITY (AP) — Missouri’s top election official is firing back after abortion-rights advocates sued him for allegedly impeding... More >>
22 hours ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 10:47:00 AM CDT August 23, 2019 in News
JEFFERSON CITY - The Cole County Prosecutor's Office added new charges to the case of a man accused of stabbing... More >>
1 day ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 7:49:00 AM CDT August 23, 2019 in News
COLUMBIA - Animal control officers, helped by Columbia police, removed dozens of animals from a home on August 21. ... More >>
1 day ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 7:06:00 AM CDT August 23, 2019 in News
COLUMBIA - Pride is coming to Rose Music Hall Saturday. The free event kicks off at 1 p.m. with... More >>
1 day ago Friday, August 23 2019 Aug 23, 2019 Friday, August 23, 2019 4:30:00 AM CDT August 23, 2019 in News
COLUMBIA — The Missouri Department of Health and Senior Services is encouraging at-risk people to get vaccinated for hepatitis A... More >>
1 day ago Thursday, August 22 2019 Aug 22, 2019 Thursday, August 22, 2019 9:20:00 PM CDT August 22, 2019 in News
JEFFERSON CITY - Three months ago today, Jefferson City was hit by a tornado that ran from 54 Highway and... More >>
1 day ago Thursday, August 22 2019 Aug 22, 2019 Thursday, August 22, 2019 6:46:00 PM CDT August 22, 2019 in News
COLUMBIA - An incident at a Columbia Walmart Thursday afternoon that left shoppers fearing an active threat turned out to... More >>
1 day ago Thursday, August 22 2019 Aug 22, 2019 Thursday, August 22, 2019 6:05:00 PM CDT August 22, 2019 in News
COLUMBIA (AP) — Abortion-rights advocates on Thursday sued Missouri's top election official, alleging his actions and state laws denied them... More >>
1 day ago Thursday, August 22 2019 Aug 22, 2019 Thursday, August 22, 2019 4:02:00 PM CDT August 22, 2019 in News
COLUMBIA - MU is offering grief counseling to any student, faculty or staff member after a student died on Wednesday.... More >>
1 day ago Thursday, August 22 2019 Aug 22, 2019 Thursday, August 22, 2019 3:31:00 PM CDT August 22, 2019 in News
COLUMBIA - Missouri and several other states across the country are combating a shortage of veterinarians who are qualified to... More >>
1 day ago Thursday, August 22 2019 Aug 22, 2019 Thursday, August 22, 2019 2:30:00 PM CDT August 22, 2019 in News
Columbia, MO
Broken Clouds 67°
10am 71°
11am 74°
12pm 76°
1pm 78°