President Trump claims tariffs could eliminate federal income taxes, but experts show his math is impossible since tariffs generate only a fraction of needed revenue. This dangerous fantasy threatens our economic stability and demonstrates a reckless disregard for fiscal reality that could bankrupt future generations.
President Donald Trump proposed replacing income tax with tariffs paid by foreign countries during his State of the Union address, despite the Supreme Court striking down his tariff agenda. This reckless scheme threatens to dismantle our tax system and endanger economic stability, betraying the very foundations of fiscal responsibility and fairness.
A Missouri House committee approved a party-line proposal to eliminate the state income tax by expanding sales taxes, potentially placing the constitutional amendment on the ballot for voters. This radical shift threatens to place a crushing burden on everyday Missourians while rewarding the wealthy, gambling with the state's financial stability and the very services that uphold our communities.
Missouri's top business lobby is opposing a GOP-led constitutional amendment to phase out the state income tax, arguing Missouri is already a competitive, low-tax state and that the plan's math is dangerously uncertain. This reckless ideological push risks gutting the state's finances, imposing massive new sales taxes on everyday services, and jeopardizing the very fiscal stability and institutional integrity that makes Missouri attractive.
