• Publications
    • Essay
    • Case Study
    • Policy Study
    • Report
    • Testimony
    • Other
    • Newsletter
  • Blog
    • Daily Blog
    • Podcasts and Radio
    • Video
    • Infographics
    • Commentary / Op-Eds
    • Events
  • Events
  • Donate
  • About
    • Our Team
    • Show-Me Institute Board of Directors
    • Fellows and Scholars
    • Our Authors
    • Jobs
  • Contact
  • Explore Topics
    • Education
      • Accountability
      • Education Finance
      • Performance
      • School Choice
    • Health Care
      • Free-Market Reform
      • Medicaid
    • Corporate Welfare
      • Special Taxing Districts
      • Subsidies
      • Tax Credits
    • Labor
      • Government Unions
      • Public Pensions
    • State and Local Government
      • Budget and Spending
      • Courts
      • Criminal Justice
      • Municipal Policy
      • Property Rights
      • Transparency
      • Transportation
    • Economy
      • Business Climate
      • Energy
      • Minimum Wage
      • Privatization
      • Regulation
      • Taxes
      • Welfare
      • Workforce
Show Me InstituteShow Me Institute
Show Me InstituteShow Me Institute
Support the Show-Me Institute
  • Publications
    • Essay
    • Case Study
    • Policy Study
    • Report
    • Testimony
    • Other
    • Newsletter
  • Blog
    • Daily Blog
    • Podcasts and Radio
    • Video
    • Infographics
    • Commentary / Op-Eds
    • Events
  • Events
  • Donate
  • About
    • Our Team
    • Show-Me Institute Board of Directors
    • Fellows and Scholars
    • Our Authors
    • Jobs
  • Contact
  • Explore Topics
    • Education
      • Accountability
      • Education Finance
      • Performance
      • School Choice
    • Health Care
      • Free-Market Reform
      • Medicaid
    • Corporate Welfare
      • Special Taxing Districts
      • Subsidies
      • Tax Credits
    • Labor
      • Government Unions
      • Public Pensions
    • State and Local Government
      • Budget and Spending
      • Courts
      • Criminal Justice
      • Municipal Policy
      • Property Rights
      • Transparency
      • Transportation
    • Economy
      • Business Climate
      • Energy
      • Minimum Wage
      • Privatization
      • Regulation
      • Taxes
      • Welfare
      • Workforce
Corporate Welfare / Subsidies

Is General Motors Going to Get a Tax Cut Instead of Missouri Taxpayers?

By Patrick Ishmael on May 7, 2019
General Motors Building
Katherine Welles / Shutterstock

We’re in the twilight of the legislative session here in Missouri, and as tends to happen, it looks like there’s going to be a legislative twist at the end. General Motors, the American car conglomerate, is reportedly considering a $1 billion expansion at its Wentzville auto production facility in the suburbs of St. Louis. The first the public heard about the proposal was on May 1, meaning that if the legislature passes a tax incentive plan of any kind for the company, General Motors will have gone from nothing to likely millions of dollars in hand in the course of only about 18 days.

That’s absurd.

To be clear: the Missouri Senate has put the brakes on all manner of tax relief for Missouri taxpayers—while pulling out all the stops for corporate welfare like the Low-Income Housing Tax Credit—for the last five months. Now that another corporate crony has come with arms outstretched and “jobs” on its lips, the folks in Jefferson City have snapped back to life and are ready to let the money pour from public coffers like they just backed over a fire hydrant with a truck.

Here’s a proposal: Permanently end the Low-Income Housing Tax Credit and save $180 million per year. Dramatically reduce and reform the historic preservation tax credit and save tens of millions of dollars per year. Drastically reduce and eventually end the corporate income tax.

Stop being such an easy mark. Stop just giving away other peoples’ money. And if General Motors needs a tax break, perhaps the people who would be forced to subsidize the company need one too.

 

  • Share
  • Tweet
  • Share
  • Email
  • Print
About the author

Patrick Ishmael

Director of Government Accountability

More about this author >
Footer Logo
Support the Show-Me-Institute
Showmeinstitute.org is brought to you by Show-Me Institute and Show-Me Opportunity.
  • Publications
  • Blog
  • Events
  • Donate
  • About
  • Contact

Reprint permission for Show-Me Institute publications and commentaries is hereby granted, provided that proper credit is given to the author. We request, but do not require, that those who reprint our material notify us of publication for our records: [email protected]

Mission Statement
Advancing liberty with responsibility by promoting market solutions for Missouri public policy.

© Copyright 2023 All Rights Reserved