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A push to slash Missouris personal property tax has stalled in the Senate. The proposal could put hundreds of dollars back in your pocket, but it would come at a steep cost to local governments. Our political editor Mark Maxwell is breaking it all down for us. Mark State Senator Bill Idol is running for governor in a Republican primary, so its no surprise hes rather motivated to show off his credentials as a fiscal conservative. Its his tax cut proposal that came close to getting a vote on the floor last week. He insists its still on track. We have the third highest rate of personal property tax anywhere in the country. So weve got a bad tax and weve got a really high rate of a fairly bad tax. The Missouri Senate could soon vote to lower the personal property tax rate from 33.3 to 31%. So the average home in Missouri owns two vehicles, and on average youre paying A3 to $400.00 per vehicle. Senator Bill Eagle says the current tax code hits working class people hardest. Thats in
