State Tax Policy

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

Today the Supreme Court upheld the Affordable Care Act, though it did rule that states are not compelled to participate in its Medicaid expansion provisions.  Click here to learn more about the fiscal impact for Missouri.  Read More

On August 2nd, the nation will reach its statutory debt ceiling. Some policymakers are proposing to use this looming deadline as an opportunity to include dangerous fiscal policy proposals in the debt ceiling legislation, including global spending caps and balanced budget Read More

Policymakers have proposed several plans to reduce deficits and stablize the national debt. This paper reviews the various recommendations and discusses core principles that should guide public discussions about the nation’s fiscal health.  To learn more, click here. Read More

As federal policymakers discuss current and future budgets, there has been significant discussion about deficits and debt.  While the consequences of federal deficits are a concern, it is the long-term national debt that poses the greatest threat to economic prospects.  Read More