Senators look at ways to cap tax credits as a part of the "Reboot Missouri" program.
From Missouri Digital News: https://mdn.org
MDN Menu

MDN Home

Journalist's Creed

Print

MDN Help

 MDN.ORG: Missouri Digital News
MDN Menu

MDN Home

Journalist's Creed

Print

MDN Help

 MDN.ORG Mo. Digital News Missouri Digital News MDN.ORG: Mo. Digital News MDN.ORG: Missouri Digital News
Lobbyist Money Help  

Senators look at ways to cap tax credits as a part of the "Reboot Missouri" program.

Date: March 23, 2010
By: Nick Berry
State Capitol Bureau

Intro:  One Senator says the way to save Missouri's economy is by taking power away from the Department of Economic Development.
RunTime:  0:39
OutCue:  SOC

Wrap: Caulfield Republican Senator Chuck Purgason said economic development should be left solely in the hands of entrepreneurs during the Reboot Missouri workday.

Actuality:  PURG4.WAV
Run Time:  00:09
Description: "I think empowering them to make choices on their own is the direction we need to go instead of growing government or restructuring or rebooting the same old thing we do all the time."

Other Republicans in the work-group agreed on principle, but were more willing to adjust the tax structure already in place.

Maryville Republican Senator Brad Lager says the only way to make an immediate impact on revenue is to end tax entitlements and cut the Department of Economic Development programs in half.

From the State Capitol, I'm Nick Berry.

 
Intro:  Senators discussed reducing tax credits to generate more revenue for the state.
RunTime:  0:38
OutCue:  SOC

Wrap: Missouri lawmakers pitched downsizing existing tax credit programs and getting rid of entitlements.

Caulfield Republican Senator Chuck Purgason says the Senate should take it a step further and get rid of economic development programs all together.

Purgason says that will give businesses an equal playing field.

Actuality:  PURG3.WAV
Run Time:  00:10
Description: "I think that we practice Corporatism here in the Capitol. We jump through hoops to give tax exemptions to certain people at the expense of someone else."

Department of Economic Development Director David Kerr says almost two and a half billion dollars worth of tax credits haven't been redeemed.

From the State Capitol, I'm Nick Berry.