Next Tuesday, St. Louis City voters will vote on Proposition E. If the proposition passes, the city will retain its 1 percent earnings tax. If the proposition fails, the tax will be phased out over the next ten years. Supporters and critics of the earnings tax disagree on many things, including how the tax affects the economic vitality of the city and how prominently the tax figures into people’s decisions to live or work in St. Louis. But many agree on this: no replacement for the earnings tax is in place and a transition to any combination of alternatives could prove painful.
Data released today by the U.S. Bureau of Labor Statistics brings both positive and negative information to light about unemployment in the St. Louis Mo. - Ill. Metropolitan Statistical Area.
Some areas of industry gained jobs, while others lost, and, though the unemployment rate for the area in January 2011 was slightly higher than the national average, total employment in the area has gone up slightly over the past year.
Though the Bureau of Labor Statistics data show electricity prices going up 13.1 percent and motor fuel going up 10.1 percent, bureau economist Jacqueline Michael Midkiff says they weren't the real drivers of the increase.
Often tax legislation is a little bit muddled. We try to break down Obama's latest for you and let you know what your U.S. Senators, Kit Bond and Claire McCaskill, think as they go to vote on the bill.