State Tax Policy

In what may become an alternate vehicle to pass damaging tax cuts, the MO House gave preliminary approval to a proposal that would cost the state about $627 million annually when fully phased in.  The proposal would also require substantial cuts to the budget legislators are Read More

The extreme tax cut perfected by the MO Senate this week would slash Missouri revenue by $960 million, resulting in devastating cuts throughout the state.  Instead of spurring the economy, the proposal would severely undermine Missouri’s competitiveness by damaging our Read More

An extreme tax cut proposal approved by a Senate Committee this week would slash MO’s general revenue by more than one-fifth, resulting in devastating cuts to services throughout the state and undermining Missouri’s ability to invest in the very services that make it Read More

Although Missouri’s financial position has begun to slowly improve, the state is still facing a difficult road to recovery from recession shortfalls.  MBP’s latest paper examines the budget proposals by the Governor and House, noting that they rely on a Read More

As more and more shopping has moved online, tax laws have put "bricks and mortar" retailers at a competitive disadvantage. Fortunately, MO lawmakers have the opportunity to enact the Marketplace Fairness Act and take steps towards leveling the playing field for Read More

As more and more shopping has moved online, tax laws have put "bricks and mortar" retailers at a competitive disadvantage. Fortunately, MO lawmakers have the opportunity to enact the Marketplace Fairness Act and take steps towards leveling the playing field for Read More

While some policymakers advocate cutting Missouri’s corporate income tax as a way to revitalize the state’s still struggling economy, such a move would have little-to-no impact on business expansion or hiring, and is likely to backfire by reducing resources for Read More

State lawmakers will be returning to the Capitol for their annual “veto session” next week. Among the important issues they will consider is the Governor’s veto of House Bill 1329. The measure clarified existing sales tax law as it applies to vehicle sales. If Read More

Tackling the federal budget deficit without significant new revenue could cost Missouri more than $3.4 billion between 2013 and 2021, damaging ecoomic recovery and future growth by drastically cutting federal investments in schools, roads & bridges, safe communities, and Read More

Tackling the federal budget deficit without significant new revenue could cost Missouri more than $3.4 billion between 2013 and 2021, damaging ecoomic recovery and future growth by drastically cutting federal investments in schools, roads & bridges, safe communities, and Read More