Why do governments rely on the sales tax for big projects, like the medical research proposal in Jackson County?
And how fat can the sales tax get before shoppers stop buying?
In the second half of Tuesday's Up to Date, Steve Kraske talks with two experts about sales taxes, what makes up the total sales tax you see on a receipt, and why governments have turned to sales taxes for raising funds when revenue is down.
Jackson County voters head to the polls on November 5 to vote on a 1/2 cent sales tax increase to fund a translational medicine institute.
In the first part of Tuesday's Up to Date, a proponent and opponent of the tax meet in our studios to debate the controversial proposal, including how county residents will actually benefit from the project.
The Chairman of Kansas City’s Regional Transit Alliance fears a proposed medical research tax will divert funds and attention from improved rail transportation. The stand does not extend to active opposition to the tax.
Kite Singleton of the Transit Alliance makes it clear he is not campaigning against the half cent medical research tax going on the Jackson County ballot in November.
Medical, business and educational leaders have spelled out what Jackson County residents would get if a tax issue is put on the November ballot and gains voter approval to enhance health research and medical care.
If the county legislature and voters approve, a half-cent sales tax would raise $40 million a year.
Funds would be divided between Children's Mercy and St. Luke’s Hospitals and UMKC. It’s designed to attract top medical researchers to translate new findings into treatment, diagnosis and prevention of diseases.
A select group of lawmakers from the Kansas House and Senate started negotiations on tax legislation today. The conference committee will work to find a compromise between bills that passed the two chambers.
The bills have one large difference. The Senate version makes a temporary sales tax permanent to help offset the costs of income tax cuts. The House version allows the sales tax to expire as planned later this year, and introduces additional income tax reductions more slowly.
Senator Les Donovan, a Wichita Republican, says extending the sales tax is critical.
Democratic Gov. Jay Nixon and the Republican-led General Assembly will face off next week over a bill vetoed earlier this year that would have required Mo. residents to pay sales tax on vehicles purchased out-of-state.