Skip to comments.Democrat Gov. vetoes income tax cut for citizens, then seeks special carve outs for big business
Posted on 01/16/2014 1:21:10 PM PST by ThethoughtsofGreg
Just a few months after Missouris Governor Jay Nixon vetoed a small but beneficial income tax cut, totaling $700 million over 10 years (barely larger than the one-year value of recent cuts in North Carolina), the Governor convened a special session to provide tax carve-outs for aircraft manufacturer, Boeing. That special session resulted in $1.7 billion in tax incentives to be paid out over 23 years, albeit with some job creation performance targets Boeing is required to hit in order to receive said tax benefits. The juxtaposition of these events provides an awkward contradiction.
First, the suggestion that Boeing needs to be incentivized to move to Missouri suggests that the states public policy is not as competitive as it should be. Missouri ranked 23rd in the most recent edition of Rich States, Poor States, demonstrating that the state needs to take on proactive reforms in order to be a leader in competitiveness for firms, talented labor, entrepreneurs, and business capital. If Missouri had a tax and labor climate that was truly competitive, there would have been no need for special, sweetheart deals for just one business.
(Excerpt) Read more at americanlegislator.org ...
” - - - Missouris Governor Jay Nixon - - - “ is a ___________________? (Democrat, RINO, Republican)
Corporate income tax should be abolished because corporations don’t pay taxes, they just collect them from their customers and pass them on to the government.
He’s a Democrat. He actually hasn’t done too badly, but hubby says that’s because the rest of the house is Republican. He rejected Obamacare’s Medicaid extension, and our state always has, and still has a balanced budget. So, I’ve given him a break. However, I don’t like his personality.