Recognition by the Columbia Tribune!
Strolling through John Combest’s page, I found a blog on the Columbia Tribune‘s website that acknowledges the work of the Institute. The report on HB 327, written by Joe Haslag, Michael Podgursky, and Steve Bernstetter, entitled "Centralized Economic Policy Bad for Missouri," discusses the pitfalls of the economic development bill:
Although widely praised in the press and by favored industries, the bill — now awaiting the governor’s signature — has two crucial problems, first, it rests on the notion that Missouri bureaucrats need to become more involved in identifying industries, types of employment, and goods and services that should be encouraged. Second, the bill ignores the government budget constraint. Revenue lost to tax breaks for favored industries would need to be recouped by reduced government spending, or — more likely — imposing a higher marginal tax rate on other industries.
It’s great to see that our research and reports are being picked up by the media. Knowing that the public and decisionmakers are getting a viewpoint on the benefits and pitfalls of legislation and having an impact on them is a great sign that we are doing our job well.
