EITC

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

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

Updated March 15, 2022 While Missouri’s economic recovery is on the right track, many Missourians are still struggling from the economic fallout of the pandemic. Policymakers can help Missouri families get back on their feet by using a portion of the state’s federal fiscal Read More

Both the House and Senate versions of Senate Bill 153 address a tax loophole known as the “Wayfair Fix,” but other tax changes included in the bills would have far different impacts on Missouri taxpayers. Specifically, SB 153 as perfected by the Senate, would provide a boost to Read More

The federal Earned Income Tax Credit (EITC) has long provided hardworking families the ability to achieve a better future and a pathway to the middle class. Though most families receive the EITC only temporarily, it has profound long-term benefits for families and communities. Read More

The Missouri Budget Project supports Senate Bill 248. By implementing the “Wayfair Fix,” allowing the state to capture sales tax for online retail purchases, lawmakers can level the playing field for Missouri’s bricks-and-mortar retailers and their online competitors and provide Read More