Shaping Policies. Creating Opportunities.

State Tax Policy

State Revenue Bottoms Out: The Impact of Years of Tax Cuts & Ongoing Implementation

Contrary to the extraordinary growth of general revenue in recent years, state revenue is stagnating, which will result in difficult budget decisions in future years. The fluctuations in state revenue are a result of overlapping factors. Specifically, federal COVID funding has
Read More

How Missouri Taxes & Revenue Compare to Other States

A number of tax changes made over the last three decades have resulted in an inadequate, upside-down tax system where low- and middle-income Missourians pay a higher share of their income in taxes than the richest Missourians, and out-of-state corporations pay less than their
Read More

Improving Missouri’s Property Tax Credit Would Help Seniors, Missourians with Disabilities Stay in Their Homes

Increasing housing values and associated property taxes can price older people out of the homes they have lived in for decades, separating them from their neighbors and communities. Similarly, rising costs can make accessible housing unaffordable for Missourians with
Read More

Improving the Circuit Breaker Property Tax Credit Helps Seniors, Missourians with Disabilities Stay in Their Homes

Increasing housing values and associated property taxes can price older people out of the homes they have lived in for decades, separating them from their neighbors and communities. Similarly, rising costs can make accessible housing unaffordable for Missourians with
Read More

Improving Missouri’s Working Families Tax Credit

In Missouri, working families with low wages generally pay a higher share of their income in state and local taxes than do the highest earners. Improving the state’s working families tax credit would make Missouri’s tax structure more fair, further incentivize work,
Read More

What Drives Business Growth? Lots of things….but not really corporate tax rates

State lawmakers are considering several proposals to eliminate Missouri’s corporate income tax, under the mistaken assumption that doing so would incentivize business growth or attract new businesses to Missouri. But evidence shows that there is little to no correlation between
Read More

Improving Missouri’s Working Families Tax Credit

Working families with low-wages may earn too little money to owe income taxes, but they contribute significant portions of their income to state general revenue in sales and property taxes. In fact, in Missouri, the lower your earnings, the more you pay in state and local taxes
Read More

How Missouri Taxes & Revenue Compare to Other States

A number of tax changes made over the last three decades have resulted in an inadequate, upside-down tax system where low- and middle-income Missourians pay a higher share of their income in taxes than the richest Missourians, and out-of-state corporations pay less than their
Read More

Improving the Circuit Breaker Property Tax Credit Helps Seniors, Missourians with Disabilities Stay in Their Homes

Increasing housing values and associated property taxes can price older people out of the homes they have lived in for decades, separating them from their neighbors and communities. Similarly, rising costs can make accessible housing unaffordable for Missourians with
Read More

Impact of Special Session Tax Package by Income

Updated November 16th, 2022: The earlier version showed an incorrect figure for the impact of reducing the top rate from 5.3 to 4.3% on the middle 20% of income earners. The earlier version showed -155; the correct figure is -115.
Read More