Taxes Matter and They’re Too High for Missouri
In 2014, Missouri passed its first individual income tax cut in a generation, but it appears this legislative success also presents a threat—legislative complacency on tax issues going forward. The 2014 tax cut was not only modest, but it also requires many years to take full effect. This time could be costly to Missourians if the state does not enhance its tax-cutting trajectory. Missouri was already behind in the tax competitiveness race when it passed the tax cut; it risks being left further behind by its regional peers if the legislature chooses to do no more.
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