The Latest Breaking News from Sales Tax

JEFFERSON CITY, Mo. — Missouri would be the only state in the country that taxes food but does not tax gun sales under a bill being considered by the Missouri Senate.

The Kentucky House Budget Committee has acted to make revenue modifications, partly focusing on sales taxes and exemptions.

Among the many concessions Kevin McCarthy agreed to in order to become speaker of the House is one that would give the so-called Fair Tax Act a full hearing on Capitol Hill. To describe the bill as radical would be an understatement. Not only would it abolish the Internal Revenue…

Republicans are wrestling over how much of the state’s nearly $33 billion budget surplus to spend on property taxes. Democrats have their own ideas about what to do with the cash.

There is a 0% chance that a proposal to eliminate the federal income tax and replace it with a massive national sales tax will even get out of the Republican-controlled House, let alone become law. But the fact that such a bluntly soak-the-poor idea is even getting an airing under…

The bill would also eliminate corporate income taxes and abolish the IRS

Democrats have criticised the proposal from the Georgia Republican to eliminate the income tax in favor of a national sales tax

The bill was a key concession to GOP hardliners but now it may not even get a committee vote

He'll also accuse Republicans of wanting to gut entitlement programs.