Cutting The Ties That Bind: End Missouri’s Corporate Income Tax Print E-mail
By Patrick Ishmael and Michael Rathbone   
Thursday, November 29, 2012

For more than a decade, Missouri has suffered economically. Formerly a state of middling economic fortunes, Missouri now sits firmly in the bottom tier of growth nationally. From 1997 to 2011, Missouri was ranked 48th out of 50 states in real state gross domestic product (GDP) growth and 46th in total employment growth.

Missouri is losing the development game, but what can policymakers and taxpayers do to change the prosperity equation? There are many possible avenues to revitalize the state’s economic growth prospects. In order to start a healthy dialogue about how to improve Missouri’s economic performance, policymakers should draft and discuss proposals that would restructure Missouri’s tax code and make the tax code more pro-growth. If the state does not make substantive reforms, Missouri will likely continue to underperform relative to its neighbors and the country for the foreseeable future. One pro-growth proposal to consider would be the elimination of the state’s corporate income tax (CIT).

Full Essay (PDF)

 
 

VISIT OUR OTHER SITES!

Show-Me Daily Blog data-button
Show-Me Living Show-Me Sunshine
Sign up for the Show-Me Institutes RSS feedSign up for the Show-Me Institutes RSS feedSign up for the Show-Me Institutes RSS feedFollow the Show-Me Institute on FacebookFollow the Show-Me Institute on TwitterWatch the Show-Me Instititute on You Tube

STAY INFORMED

Signup here:

SHOW-ME DAILY BLOG

EVENT VIDEO

JavaScript is disabled!
To display this content, you need a JavaScript capable browser.

More videos...

AUDIO

Show-Me Minutes
November 4, 2014

Listen to these all new audio clips from the Show-Me Institute about free-market ideas: Medicaid: Medicaid expansion sounds like free money, but...

Hear More

5297 Washington Pl.
Saint Louis, MO 63108

Phone: (314) 454-0647
Fax: (314) 454-0667
info@showmeinstitute.org