State of Missouri Archives: on Tax Reform
15% flat tax across the board
In a perfect world, we would get rid of the income tax. In the meantime, we need a flat tax--15% across the board: personal, corporate, capital gains, you name it. This is the only way to make the system fair.
By establishing a flat tax and eliminating the self-employment tax, we can level the playing field. We must treat small businesses just the same as we do large corporations.
Source: 2018 Missouri Senatorial website AustinPetersen.com
Oct 1, 2017
Freeze state income tax; but Jesus paid His taxes
Q: Your comments on the statement, "Higher taxes on the wealthy"?
A: Missouri needs a˙tax freeze on property tax, income tax, and certain sales tax. ˙Personal property taxes have risen at an˙unparalleled rate to cost of living.˙
Of course, everyone would enjoy a tax reduction; however,˙such a move requires initial prudence.˙With distinctive actions toward decreasing government expenditures, this could happen.˙It may surprise some that Jesus paid taxes in Matthew 17:24-27.
Source: Email interview on 2016 Missouri candidacy by OnTheIssues
Apr 25, 2016
Simplify the tax code; close special interest loopholes
IT'S TIME TO SIMPLIFY THE TAX CODE. I believe Missouri's tax code is too complicated and is rigged to help special interests.
It's time to level the playing field for middle class families by reforming the tax code and closing special interest loopholes.
Source: 2016 Missouri Governor campaign website EricGreitens.com
Oct 9, 2015
Cut personal income tax, capital gains, and tax on dividends
How business-friendly is Missouri compared to 49 other states? Not as friendly as you may think. The conservative Tax Foundation ranks Missouri 16th nationally. While Missouri waits for the next Boeing to knock at our door, let's agree to act now to
place Missouri reliably in the top 10 states in America when it comes to business-friendly policies.
The two most impactful steps lawmakers can take today to create a top 10 business climate are these: cut taxes and expand Medicaid.
By trimming Missouri's top individual tax rate from 6 percent, we effectively cut three separate taxes at once: the personal income tax rate, the capital gains tax rate, and Missouri's tax on dividends and interest.
Most national rankings analyze these three tax rates separately, so by cutting Missouri's 6 percent tax rate, we will improve in three categories simultaneously.
Source: Koster StLToday.com column: 2016 Missouri gubernatorial race
Feb 18, 2014
Remove tax credits which are bad returns on investment
A bi-partisan tax credit commission spent four months reviewing Missouri's 61 tax credit programs. They looked at which credits are giving taxpayers a good return on their investment--and which are not. I ask the members of the
Legislature to allow this commission to present its recommendations at open hearings in the House and Senate. We should give the commission's report serious and full consideration. Because Missourians work hard for their money.
We owe it to taxpayers to make sure they get the best bang for their buck. Creating jobs. Balancing the budget without raising taxes. Investing in the future.
Making government smarter and more efficient. All of these things are essential to the well-being of our state.
Source: 2011 Missouri State of the State Address
Jan 19, 2011
$2B in tax relief in last 6 years; now tighten our belts
Missourians are enjoying unprecedented tax relief. In total, the combination of tax cuts, tax credits, and tax refunds have returned almost $2 billion to Missouri taxpayers during the past six years. However, the combination of a slowing
economy, deep tax cuts, and unexpected mandatory expenses have put stress on our state budget. Therefore, the first priority of this legislative session must be to tighten our belts and deliver a balanced budget.
Source: 2001 State of the State speech in Missouri House Chambers
Jan 30, 2001
Decrease income taxes & corporate taxes; support flat tax
Hanaway indicated support for the following principles regarding taxation:
Source: Missouri Legislative 1998 National Political Awareness Test
Nov 1, 1998
- Slightly Decrease Corporate taxes
- Maintain Status on Gas taxes
- Slightly Decrease Income taxes on incomes below $75,000
Slightly Decrease Income taxes on incomes above $75,000
- Slightly Decrease Property taxes
- Maintain Status on Sales taxes
- Do you support a flat tax structure for state income taxes?
Opposes flat-tax structure and majority vote on taxes
Q: Do you support a flat tax structure for state income taxes?
Q: Do you support the recent amendment to the Constitution of Missouri that requires all major tax increases be submitted to a vote of the people?
Source: 1996 Missouri National Political Awareness Test
Jul 2, 1996