Show-Me Minute: Border War
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.
It used to mean a football or basketball game, but now the Border War between Missouri and Kansas is more like a high stakes game of poker. Kansas has raised the ante by dramatically lowering taxes on both individuals and businesses. Governor Sam Brownback is betting that lower tax rates will ultimately mean more economic growth, and a bigger jackpot for the state.
So what should Missouri do?
Well its leaders can stay with a pat hand–one that has left the state lagging well behind others in growth–and risk having some businesses and citizens cross the border for the neighborly tax haven. Show-Me Institute economists say that could mean a loss of $300 million in goods and services, and 4500 jobs to boot. Or leaders can push for tax reform, lowering taxes and cutting tax credits so the state can compete, and maybe even win, the economic Border War.
This has been the Show-Me Minute. Learn more about the Show-Me Institute, where liberty comes first, click on our website at ShowMeInstitute.org.