Corporate Welfare - Essay
Urban Neglect: Kansas City’s Misuse of Tax Increment Financing Print E-mail
By Patrick Tuohey and Michael Rathbone   
Thursday, December 11, 2014

In Kansas City Tax Increment Financing (TIF) is not being used to address legitimate blight or pervasive economic need, but rather to subsidize private development, often rewarding politically connected developers instead.

 
Justifying Boeing: A Post-Mortem Analysis On The Process Print E-mail
By Joseph Haslag   
Tuesday, February 04, 2014

Last year, Missouri’s General Assembly passed and the governor signed legislation that would provide $1.7 billion in tax incentives to Boeing conditional on the company locating all or part of the assembly plant for the 777 aircraft in Missouri. In January 2014, Boeing reached a deal with the key unions in the state of Washington and decided to continue manufacturing the Boeing 777 there.

In this post-mortem review, the emphasis will be on the process used to justify the Missouri tax incentive package. In particular, the governor proclaimed that this deal would generate an additional $2.9 billion in state revenues, thus more than paying for the costs of the tax incentive package. Quantitative analysis is imperative for a society to make good public policy decisions. Unfortunately, it is imperative that transparency is part of the quantitative analysis. In short, how did the governor arrive at the $2.9 billion figure?

 


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