Dr. Joseph Haslag of the Show-Me Institute: Tax Reform in Missouri

The Missouri General Assembly is considering a resolution that would allow Missourians to vote on a constitutional amendment to eliminate the state's individual income tax (which has a top rate of 6% on income over $9,000) and corporate income tax (6.25%) and replace the revenue with a broad-based sales tax on all consumer goods and services. The state's current general sales tax rate is 4.225%, and...