Wednesday, November 10, 2010

Things That Make Rex Sinquefield Laugh: Mayor Slay Raising Measly $300K to Stop Him

Posted By on Wed, Nov 10, 2010 at 10:38 AM

click to enlarge laughing_3.jpg
Mayor Francis Slay has formed a campaign committee to save St. Louis' earning tax after Missourians last week overwhelming approved Proposition A, requiring city residents to vote on the tax every five years.

St. Louis' one-percent earnings tax for residents and people who work within city limits raises $141 million annually and accounts for one-third of the city's general fund for services such as police and fire protection.

Slay calls the earnings tax "essential to the operation" of the city and hopes his campaign committee, Citizens for a Stronger St. Louis, will help persuade others before the tax is forced to a vote this April. If the majority of residents vote against the tax, the city has ten years to phase it out.

By last week Slay's campaign committee had already raised $300,000 in pledges. But will that money even matter?

Rex Sinquefield, the anti-income-tax crusader who bankrolled Proposition A, has yet to reveal his plans for the April vote. Yesterday Slay rebuked rumors that he agreed not to fight the statewide Proposition A effort if Sinquefield promised not to fund a campaign for the April vote.

One would assume, though, that after spending $11 million of his own money on Proposition A, Sinquefield would be willing to shell out a few more million to see his effort through to the end. 

Reached for comment today, Sinquefield had only this to say of Slay's $300K:

Mu hah hah - Evil Laugh sound clip

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