Sinquefield to File "Dramatic" Sales Tax Increase Proposal With SOS Tomorrow
Travis Brown, Rex Sinquefield's top lobbyist and a business partner of Speaker Steve Tilley, tells Politico's Dave Catanese that their sales tax increase proposal will be filed with the Secretary of State tomorrow.
POLITICO has learned that Jefferson City lobbyist Travis Brown and wealthy conservative investor Rex Sinquefield will submit the initial paperwork for their dramatic plan to revise the state's tax system to the Secretary of State Friday.
Their initiative outlines nine different ways to eliminate the state's 6 percent income tax and replace it with a sales tax that does not exceed 7 percent.
Not that this proposal caps the rate at 7%, which presumably means that it does not include the "prebate" scheme that some acolytes had discussed as a way to make the plan slightly less regressive. This cap is even lower than the official Senate estimate put forward last year, "around 7.5 to 8 percent." When legislators talked about adding a "prebate," the sales tax rate was "closer to 11 percent."
