• 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
Economy / Taxes

‘O’ My . . .

By Michael Rathbone on Mar 24, 2013

It appears that Ohio officials are trying to get in on the tax-cutting act. Good for them. Seriously, Ohio is one of the few states that has performed worse economically than Missouri over the past 14 years.

Ohio Gov. John Kasich has proposed a major tax overhaul for the state. Features of the plan include a phased-in individual income tax cut, which would reduce the top rate to 4.74 percent in 2015, and a 50 percent deduction for pass-through entity income that is less than $750,000. A detailed analysis of the plan is on the Tax Foundation website.

I keep harping on these developments in other states to underlie the importance for Missouri to reform its tax code. Show-Me Policy Analyst Patrick Ishmael also has blogged at length about the “American Growth Corridor” sprouting up around Missouri and the need for Missouri to keep up. Gov. Kasich’s plan is an indicator that some in Ohio are starting to recognize the importance of a competitive tax code.

Thankfully, the Missouri Legislature has made progress on some kind of tax cut. The Missouri Senate passed a bill last week that would cut the top rate by a .75 percentage point and also lower taxes on business income. The Missouri House also has good bills with potential to make some significant changes to the state’s tax environment. A lot of work needs to be completed, but there is room for optimism.

Just cutting taxes will not be enough to cure all of Missouri’s economic problems. However, it is a necessary step. Hopefully, the prospect of even more states cutting their taxes will spur Missouri to finally overcome the obstacles to serious tax reform.

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

Michael Rathbone

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