Missouri earnings tax initiative remains pending; receives funding boost
JEFFERSON CITY, Missouri: A proposed earnings tax initiative for the statewide November 2, 2010 ballot remains pending in the Missouri Secretary of State's office, however, that hasn't stopped donations from rolling in. Rex Sinquefield, a retired Missouri philanthropist and initiative sponsor, made an initial donation of an estimated $1.75 million of his own funds to the campaign. In June 2010, Sinquefield made an additional donation of $2.5 million bringing his total donations to $4.25 million.
In order to qualify the proposed measure about 95,000 valid signatures must be collected. If approved by voters, however, voters in Kansas City and St. Louis would hold a referendum on keeping the levy in 2011 and every five years thereafter. If the levy is rejected by voters the tax would be phased out and could not be reinstated. Supporters submitted more than 200,000 signatures on April 27, 2010. The Missouri Secretary of State has until August 3 to verify the submitted signatures.
|Propositions •||Recall||• Law|
- ↑ The Kansas City Star,"Money, money, money fuels Missouri petition drives," May 4, 2010
- ↑ St. Louis Post-Dispatch,"Sinquefield gives $2.5 million to anti-earning tax push," June 4, 2010
- ↑ Kansas City Star,"Sinquefield dumps $2.5 million MORE into anti-E Tax campaign," June 4, 2010
- ↑ The Kansas City Star,"Officials defend earnings tax," February 13, 2010
- ↑ Watchdog.org,"Four initiatives aim for the Missouri ballot," May 2, 2010