You paid your income taxes earlier this week, but until tax freedom day, your still working for the government. According to the non-partisan Tax Foundation, this year's tax freedom day is April 21 nationally. Lowering or even eliminating income taxes would make it come even sooner and the Show-Me Institute has researched policies that would move Missouri in that direction:
Voters across Missouri will go to the polls on April 8th to vote in local elections. Many will have the opportunity to vote on public financing issues that have been described as "no tax increase bonds". Dr. James Shuls explains how these bonds work:
Missouri's legislature has upheld a 5% increase in farmland productive value. That means that there will be a slight increase in property taxes on farmland next year. David Stokes advocates for this increase because of the disparity in property taxes across the state.
Joseph Miller talks about transportation funding in the Show-Me State. A bill pending in Jefferson City, HJR 68, would put a 1% sales tax to the voters next November. Miller argues that drivers, not shoppers, should pay for roads and bridges.
Michael Rathbone looks at using Show-Me Data to explore the lower excise taxes in Missouri on gasoline, alcohol and tobacco. These lower taxes attract customers from Missouri's eight neighboring states. This shifting of purchases across state lines means higher tax revenues for the state of Missouri. Now, investigate the tax policies that interest you the most at Show-Me Data.
Kansas has just enacted sweeping tax reforms, in some cases wiping out some forms of income tax altogether. For years, residents of Kansas City have been lured into Kansas due to issues such as crime, education, and taxes, but have Kansas’ recent moves brought us to a tipping point? Watch Show-Me Institute Policy Analyst Patrick Ishmael; President of Allen Financial, Greg Allen; and CFO of Tarsus, Paul Burns, discuss tax policy fixes for the greater Kansas City area.
The Show-Me Minute is a short radio advertisement to inform listeners about the work of the Show-Me Institute in a particular policy area. In this Show-Me Minute which first aired on KWTO 560AM in Springfield, MO, we discuss the efforts of Kansas and Missouri to lower taxes to encourage economic growth.
Recently, and especially leading up to the 2012 Pesidential Election, there has been much talk about inequality of both wealth and tax burden among the American people. In a talk at Saint Louis University, UCLA Economics Professor Lee Ohanian dispelled some of the popular but mistaken ideas about the relative income growth of rich and poor, the tax burdens each group bears, and how best to restore prosperity for every American.
Most lobbyists who vie for tax dollars are privately funded. But some public entities — cities, public employee groups and others — hire lobbyists using taxpayer dollars, in order to lobby higher levels of government for even more tax dollars. Show-Me Institute Policy Analyst David Stokes discusses the concept briefly in this video, and at length in a recent paper.
On December 6, Missouri State Auditor Tom Schweich stopped by the Show-Me Institute's office in the Central West End of Saint Louis to discuss his work and his office for a packed-house crowd. Among the topics Schweich discussed: how his office has saved taxpayer money, and how much; the state auditor's office's new rapid response team; Auditor Schweich's personal bio and how he came from practicing law, to international law enforcement, to returning to Missouri to become State Auditor; and Auditor Schweich's favorite part of his current position — helping small towns throughout the state find their financial footing.
Show-Me Institute Executive Director Brenda Talent was a
Louis local roundtable discussion show Donnybrook on July 26, 2012.
Among the topics covered this time were: The tragic shooting in Aurora, Colorado, and what impact if any the event should have on gun policy, the recent Post-Dispatch coverage of the Clay vs Carnahan congressional race, Governor Nixon's new television ad's omission of his party affiliation, U.S. Olympic Team uniforms manufactured in China, and the GSA convention locating (or not) in Saint Louis.
Mike Ferguson — formerly of the Eagle in Columbia, currently director of Missouri News Horizon — spoke on the topic of the 2012 Missouri Legislative Session at the most recent Show-Me Forum in Columbia, MO. The speaker gave a media perspective on what did and did not happen, and why. One focus of the talk was the republicans, who control the legislature, not wishing to rock the boat during an election year, and thus being unwilling to discuss or move forward on important issues to the state, such as roads, education, and tax credits.
Last month, Show-Me Institute Policy Researcher Michael Rathbone visited Westminster Christian Academy in Saint Louis County to deliver a guest lecture to eighth grade U.S. history students. The subject of the lecture was the Great Depression, and the information contained within was frequently contrary to the conventional wisdom that "big business" or "greed" caused or prolonged the Great Depression, instead showing how government intervention encouraged, worsened, and prolonged what might otherwise have been a brief recession.
Show-Me Institute Policy Analyst Audrey Spalding was once again a guest
Louis local roundtable discussion show Donnybrook on May 10, 2012.
Among the topics covered this time were: gay marriage, the principal of Clayton High School's alleged use of a fake facebook account to spy on students, the possible revocation of state funding for the Sue Shear Institute, the St. Louis Rams' request for a new roof for the Edward Jones Dome, Scott Boston's controversial remarks about Senator Claire McCaskill, and the recent discussion and Wall Street Journal article about whether wild horses should be culled in Missouri.
The Roaring '20s didn't just happen. At the Show-Me Institute's Speaker Series on Feb. 28, author Amity Shlaes said the President known as "Silent Cal" deserves a lot of the credit for the booming economy. Shlaes, who has written the book Coolidge (due for release June 26), says Calvin Coolidge did what some might consider impossible today. He cut taxes and the federal budget.
At the Show-Me Institute's Speaker Series on Feb. 28, author Amity Shlaes talked about one of America's least remembered Presidents...Calvin Coolidge. Her book, Coolidge, will hit bookstores June 26, and Shlaes feels today's leaders could learn something from "Silent Cal." Shlaes says Coolidge's tight budgets and tax cuts brought America out of recession and helped trigger the economic boom known as the Roaring '20s.