Corporate And Pass-Through Income Taxation: Time For Reform
Missouri has not been doing well economically. For the past decade, the state has fallen behind its sister states in economic growth. As noted in our paper “Cutting the Ties That Bind: End Missouri’s Corporate Income Tax,” Missouri’s economic performance places it in the bottom tier nationally.
From 1997 to 2011, Missouri continued to slip behind the rest of the country in economic growth. If Missouri had managed to just keep pace with the rest of the country, its total output would have been $285 billion higher over that time. This trend must change.
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