Tagged: tax increase

A proposition on the November ballot that aims to increase the tobacco tax is picking up support. Missouri’s Coordinating Board for Higher Education is the latest to advocate for higher tax rates on cigarettes and other tobacco products.

Proposition B represents the third attempt to increase Missouri’s low tax rate on tobacco products, and while previous proposals were turned down by the state’s residents in 2002 and 2006, this year’s version has steadily gained support.

Republican Lt. Gov. Peter Kinder has found some common ground with Democratic Gov. Jay Nixon.

Kinder said Wednesday that he does not believe the Republican-led Legislature should override Nixon's veto of a bill that would retroactively re-impose local sales taxes on vehicles.

Like Nixon, Kinder says the local taxes should go to a vote of the people. Kinder says he also has concerns about the constitutionality of retroactively taxing people.

Missouri Gov. Jay Nixon is pressing his case that 122,000 vehicle owners would be hit with a retroactive tax if lawmakers override one of his vetoes.