Missouri Investment Mogul Bashes Kansas City

| March 20, 2014
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Kansas City leaders say a retired Missouri investment mogul is trying to bankrupt their city and rekindling a business border war with Kansas over income taxes.

Two nonprofit groups with ties to anti-tax crusader Rex Sinquefield of St. Louis are spending a combined $200,000 during the tax filing season on cable television ads promoting lower taxes in Kansas and promoting Kansas city as a high-tax place to live and do business.

The Kansas City Star reports one of the ads airs only in Kansas and explicitly urges Missouri businesses to establish their companies in Kansas to take advantage of recently lowered state tax rates.

A second ad airing in Missouri takes aim at Kansas City’s 1 percent earnings tax on income and profits.

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