Listen as Rex Sinquefield talks taxes with Post-Dispatch
March 1st, 2010 | Published in Client in the News, Dr. Jeanne & Rex Sinquefield
STLToday.com - By Virginia Young
February 27, 2010
19:49
A major state tax overhaul pushed by retired investment banker Rex Sinquefield is headed for Senate debate, possibly as early as this week.
Sinquefield sat down recently with the Post-Dispatch editorial board and a few reporters to explain the plan, which would repeal the individual and corporate income taxes and replace the money with higher sales taxes on a greatly broadened base.
A constitutional amendment, the plan would be placed on the statewide ballot if approved by the Legislature. Sinquefield told the Post-Dispatch that if legislators don’t approve it, he will eventually consider financing an initiative petition drive to get the issue before voters.
He has already sunk $1 million into an initiative drive to repeal the St. Louis and Kansas City earnings taxes.
Look for an overview of the state proposal in Sunday’s Post-Dispatch and today on stltoday.com.
Here are some audio clips of his views, which are sure to be debated:
| On income taxes:
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On his research:
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| On states without income taxes:
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On giving to political candidates:
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| On how the poor would fare:
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On sales tax exemptions:
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| On the new sales tax rate:
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To learn more about Rex Sinquefield and his passion for Missouri, read his full bio on the Sinquefield Charitable Foundation website.
Article in the St. Louis Post-Dispatch.
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