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Tax Foundation verdict on Missouri tax cuts: Thumbs sideways

05/14/2014 10:25 AM

05/14/2014 10:25 AM

The conservative-leaning Tax Foundation

has weighed in on Missouri’s coming tax cuts.

Its verdict? Meh.

“The bill is not the monumental shift either side claims it is,” the group said Wednesday. “Despite the fantastical claims of advocates, the modest reduction in tax rates comes at a glacial pace.”

Actually, some advocates said the slow pace of tax cuts was a reason to

support

the measure — it means Missouri won’t face the kind of tax shock Kansas is dealing with, they said.

From the release:

“Missouri’s tax code is overdue for serious inspection,” said Tax Foundation Economist

Scott Drenkard

. “However, 2014’s tax package represents a missed opportunity to engage in real tax reform; the plan that passed was lackluster.”

More

here.

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