Missouri voters recently defeated a sales tax initiative to fund transportation needs. Nonetheless, Missouri's Department of Transportation (MoDOT) has to find funding for maintenance and improvement projects. This panel discussion explores future funding options for MoDOT.
Should Kansas City tear down its existing terminal and build a new one? Proponents of the $1.2 billion plan think so, but a Show-Me Institute analysis of that proposal and alternative options suggests the money could be better spent.
Michael Rathbone notes Stephen Moore's recent article in the Kansas City Star about Kansas's recent income tax cuts. Critics have claimed that the 18-month-old tax cuts haven't worked while both Moore and Rathobone argue that they need more time for their full impact to be realized.
Show-Me Institute Policy Researcher Michael Rathbone provides a snapshot of the budget recently passed in Jefferson City. Much of it is worthwhile, but why are we spending money on a political convention in Kansas City?
Show-Me Institute CEO Brenda Talent congratulates Missouri's General Assembly for finally cutting the state's income tax, but she also notes that more needs to be done. For Missouri to become more competitive it has to reduce taxes further. The Show-Me Institute has written about how to accomplish this:
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.