Missouri House Bill HCR61

Missouri 2024 Regular Session

• Introduced: 2/28/24
• Refer: 5/17/24

Caption

Calls for an Article V convention of states to repeal the Sixteenth Amendment of the United States Constitution

Impact

Should HCR61 be enacted, its most significant impact would be on the federal tax structure as it pertains to individual income taxes. Repealing the Sixteenth Amendment would theoretically limit the federal government's ability to collect income taxes, potentially leading to significant changes in federal revenue and necessitating alternative funding mechanisms for federal programs. This could shift a larger burden of taxation back to state governments, which would require them to adjust their own tax policies to account for the loss of federal income tax contributions.

Summary

HCR61 is a resolution that calls for an Article V convention of states with the primary aim of repealing the Sixteenth Amendment of the United States Constitution. The Sixteenth Amendment, ratified in 1913, grants the federal government the authority to impose an income tax. Proponents of HCR61 argue that abolishing this amendment would return greater financial control to the states and reduce federal influence over taxation. They assert that this move is necessary to limit the growth of federal power and promote state autonomy in matters concerning taxation.

Contention

The resolution has not been without its points of contention. Critics argue that repealing the Sixteenth Amendment could destabilize the current economic system by removing a crucial source of revenue for the federal government. They warn that it may lead to increased state taxes or harm essential federal services that rely on income tax revenues. Supporters counter by suggesting that it would empower the states to manage their own taxation without federal interference, potentially leading to a more equitable distribution of resources based on local needs.