Taxes - Testimony
Funding Transportation With Diverted Sales And User Tax Revenue Print E-mail
By Joseph Miller   
Monday, April 27, 2015

This testimony summarizes research that analysts for the Show-Me Institute have conducted and reviewed regarding proposals to impose new taxes or divert existing taxes to pay for Missouri’s transportation infrastructure.

 
Funding The State Highway System With Increased Fuel Taxes Print E-mail
By Joseph Miller   
Tuesday, April 14, 2015

This testimony is intended to summarize research that analysts for the Show-Me Institute have conducted and reviewed regarding proposals to fund the state highway system and the use of fuel taxes for that purpose.

 
Funding The State Highway System With Increased Fuel Taxes Print E-mail
By Joseph Miller   
Tuesday, March 17, 2015

MoDOT’s funding model has broken down primarily because at both the federal and state levels, the gas tax has not increased.

 
On The Proposed Hybrid Pension Plans For Missouri Government Employees Print E-mail
By Michael Rathbone   
Thursday, February 19, 2015

The unfunded liabilities of the state’s public pensions are an economic ticking time bomb. As of June 30, 2014, the Missouri State Employees Retirement System alone has more than $2.8 billion in unfunded liabilities and is only 75.1 percent funded.

 
Testimony: Comments On The State Freight Plan Print E-mail
By Joseph Miller   
Monday, November 03, 2014

The Missouri Department of Transportation’s (MoDOT) state freight plan is an excellent summary of the state of the system and provides valuable insight on what trends will impact Missouri’s freight transportation network in the future. The plan rightfully prioritizes the maintenance of the system that currently exists and the need to work together with private businesses and local governments to implement needed improvements to the state freight network.

 
Missouri’s Tax Administration Practices: Some Ideas For Improvement Print E-mail
By Michael Rathbone and David Stokes   
Tuesday, August 12, 2014

Overall, the three guiding principles in tax policy and tax administration should be simplicity, consistency, and equity. Complexity and inconsistency in administration can cause confusion not only for taxpayers, but also for the people charged with enforcing the state’s rules and regulations.

 
Funding Transportation With A Temporary Sales And Use Tax Print E-mail
By Joseph Miller   
Tuesday, April 15, 2014

Upon the legislature’s and voters’ approval, Missouri Senate Joint Resolution 48 (SJR48) would institute a 1 percent sales tax to fund significant transportation infrastructure investment in Missouri.

 
Missouri Public Pensions: Their Funding Status And Roadblocks To Reform Print E-mail
By Michael Rathbone   
Tuesday, April 08, 2014

If pension liabilities continue to be understated, the state faces a significant risk and policymakers may be forced to make drastic cuts to services or significantly raise taxes in order to meet the state’s pension obligations. The risk posed to Missouri’s financial well-being is a real and serious one.

 
Proposed Metro Fare Increase: Discussing The Options Print E-mail
By Joseph Miller   
Thursday, April 03, 2014

Raising Metrobus and Metrolink fares are a reasonable and, depending on the elasticity of transit demand, often an effective method for increasing transit revenues.

 
Corporate And Pass-Through Income Taxation: Time For Reform Print E-mail
By Patrick Ishmael   
Tuesday, February 04, 2014

For the past decade, Missouri has fallen behind its sister states in economic growth. As noted in our paper “Cutting the Ties That Bind: End Missouri’s Corporate Income Tax,” Missouri’s economic performance places it in the bottom tier nationally. It's time to reform corporate and pass-through income taxes.

 
Testimony: Missouri’s Taxing Environment: Some Ideas For Reform Print E-mail
By Michael Rathbone   
Wednesday, January 15, 2014

Taxes affect the decisions that people make about spending and investing their money. In an analysis of Missouri’s tax structure, Show-Me Institute Chief Economist Joseph Haslag found that a land tax would cause less economic harm than income taxes, and among income taxes, income taxes on capital are the most harmful. Haslag also found that if the state replaced its income tax with a revenue neutral sales tax, it would realize faster economic growth.

 
Paving The Way To Sustainable Transportation Infrastructure Print E-mail
By Joseph Miller   
Friday, December 20, 2013

To maximize the benefit of every dollar spent on transportation infrastructure, MoDOT should focus on matching infrastructure supply with transportation demand, while supporting flexibility in the public transportation sector.

 
Take This TIF And Pool It! Print E-mail
By David Stokes   
Wednesday, August 28, 2013

When it comes to municipal sales tax competition, Missouri has gone too far. The sales tax pool system in Saint Louis County has been one way to address that problem.

 
Warren County Should Not Institute An Enhanced Enterprise Zone Print E-mail
By David Stokes   
Wednesday, May 22, 2013

The dirty little secret that nobody seems to want to recognize, or even attempt to uncover, is that Enhanced Enterprise Zone (EEZ), Tax Increment Financing (TIF), and other subsidies do not work. They do not succeed in growing the local economy. The panoply of subsidies that come into play when a large area is declared blighted can have a number of adverse side effects. They shrink the local tax base, encourage more government planning of the economy, and increase the chances of eminent domain abuse. As a famous Swedish economist once said, “It is not by planting trees or subsidizing tree planting in a desert created by politicians that the government can promote . . . industry, but by refraining from measures that create a desert environment.”

 
Missouri's Public Pensions: Worse Than They Appear Print E-mail
By Michael Rathbone   
Thursday, March 14, 2013

The unfunded liabilities of the state’s public pensions are an economic ticking time bomb, which the state is obligated to honor. By incorrectly assessing the risk of not being able to meet future liabilities, these pensions significantly underestimate the amount of additional funding they need in order to be financially secure. A new policy study for the Show-Me Institute shows that if these public employee pensions use a more appropriate discount rate, they pose a real threat to the state’s finances. If left unaddressed, the state faces a significant risk and policymakers will be forced to make drastic cuts to services or significantly raise taxes in order to meet the liabilities. The risk posed to Missourians’ quality of life is a real and serious one. The study estimates that the liability equals nearly $9,000 for every Missourian.

 
Corporate and Pass-Through Income Taxation: Time for Reform Print E-mail
By Patrick Ishmael and Michael Rathbone   
Tuesday, March 05, 2013

Missouri is not doing well economically. For the past decade, the state has fallen behind its sister states in economic growth. As noted in our paper “Cutting the Ties That Bind: End Missouri’s Corporate Income Tax,” Missouri’s economic performance places it in the bottom tier nationally.

 
Missouri Transportation Infrastructure Funding Print E-mail
By David Stokes and Michael Rathbone   
Wednesday, February 27, 2013

Many elected officials and state transportation voices are proposing a bond issue to fund significant transportation infrastructure investment in Missouri. We support that idea. Now is the time for major transportation investment in our state. The reconstruction, expansion, and repair of our state’s highways, bridges, and ports are needed and the timing is right for the state to do it now. Missouri will benefit in many ways from this investment.

 
Missouri's Bonding Future Print E-mail
By Michael Rathbone   
Wednesday, February 20, 2013

It is easy to see why bonds are attractive; the influx of revenue allows favored projects to be financed while minimizing, or in some cases, completely avoiding, tax increases. However, bonds are not free money. There are several factors worth considering before issuing new bonds . . .

 
Corporate and Pass-Through Income Taxation: Time for Reform Print E-mail
By Patrick Ishmael and Michael Rathbone   
Thursday, February 07, 2013

Missouri is not doing well economically. For the past decade, the state has fallen behind its sister states in economic growth. As noted in our paper “Cutting the Ties That Bind: End Missouri’s Corporate Income Tax,” Missouri’s economic performance places it in the bottom tier nationally.

 
Sales Tax Pooling Should Be Expanded in Missouri Print E-mail
By David Stokes   
Tuesday, September 25, 2012

The federal government recently released the 2012 Census of Governments. According to that data, Missouri has the sixth-highest total of local governments of the 50 states. More directly to the issue of sales tax pooling, Missouri has the fourth highest number of municipalities and the fourth-highest number of counties. This is pertinent because many other types of local government (school districts, special road districts, etc.) lack authority to impose sales taxes, but all cities and counties have that authority. With so many cities and counties imposing sales taxes, tax competition can be a major factor in Missouri. Competition is good, but as with many things, it can be taken too far. When it comes to municipal sales tax competition, Missouri has gone too far. In some counties, expansion of the policy known as sales tax pooling is necessary to improve our tax base and limit government involvement in the economy.

 
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