ITEP Work in Action
Missouri Budget Project: Special Session Tax Proposal Leaves Out 1/3 of Missouri Taxpayers, Weighted to Benefit Wealthiest
August 28, 2022
Governor Parson’s recently released tax proposal would leave out about one-third of Missourians, including many of those who pay the highest proportion of their income in state & local taxes, and set the state up for a Kansas-like budget bomb that would require significant cuts to schools, public safety, healthcare, and other critical needs. Read […]
Missouri Budget Project: Senate Tax Bills Provide Unfair Giveaways, Leave Communities Reeling
January 16, 2019
An analysis by the Institute on Taxation & Economic Policy found that 91% of the tax cut would flow to the wealthiest 20% of Missourians.
Missouri Budget Project: Sales Taxes on Groceries & the Importance of a Refundable EITC
February 28, 2018
A state Earned Income Tax Credit (EITC), like the recently proposed Missouri Working Families Credit, could benefit as many as 515,000 working families with modest wages, providing hardworking families the ability to achieve a better future and a pathway to the middle class. By making the credit refundable, like the federal EITC and most other […]
Missouri Budget Project: Earned Income Tax Credit: The Basics
February 10, 2016
“A Missouri EITC would boost local communities and economies while encouraging work, enhancing take-home pay, and improving long-term health and economic outcomes for more than 500,000 Missouri families. A Missouri EITC would give a much-needed break to Missourians struggling to get by on low wages. A state EITC would boost local communities and economies while […]
Missouri Budget Project: State Earned Income Tax Credit Would Benefit Missouri
May 7, 2015
Earned Income Tax Credits (EITCs) encourage work, enhance take-home pay, improve health & economic outcomes, and have lasting benefits. Proposals to create a state-level EITC would build on these benefits of the federal EITC for more than 500,000 Missouri families. Click here to read the full report.
Missouri Budget Project: Earned Income Tax Credit: A Targeted Tax Change with Significant Impact
July 31, 2014
The federal Earned Income Tax Credit (EITC) is a federal tax credit for low- and moderate-income working people. It encourages and rewards work as well as offsets federal payroll and income taxes. Read the Full Report (PDF)
The Missouri Budget Project: Senate-Approved Tax Scheme Would Cost Nearly $800 Million SB 509 Would Require Cuts to Critical Services
May 12, 2014
The Missouri Senate approved Senate Bill 509 this week. The measure would require sharp cuts to state services, undermining Missouri’s economy by starving it of the resources it needs to offer quality education from preschool to college, a state of the art infrastructure, and safe, healthy and stable communities. Moreover, the minor tax reduction for […]
Missouri Budget Project: Nixon-Kraus Tax “Deal” Would Undercut MO Services, Including Education
February 18, 2014
According to recent analysis, the tax “deal” between Governor Nixon and Senator Kraus is skewed to benefit Missouri’s wealthiest families, and leaves all services vulnerable to cuts as a result of its $364-$500 million cost. Read the Full Report
Missouri Budget Project: Tax Proposals Before Senate Ways & Means Would Dramatically Reduce State Revenue, Disporportionately Benefit Wealthiest, But Not Create Jobs
January 24, 2014
The Missouri Senate Ways & Means Committee will hear three major tax bills this week. Though they differ in their components, each would drastically reduce state revenue, disproportionately benefit Missourians with the highest incomes, and fail to create jobs. MBP’s full analysis of the bills shows it would cost state services between $500 million and […]
Missouri Budget Project: Racing to the Bottom
March 12, 2013
Senate Gives Initial Approval to Extreme Tax Cut Bill Which Would Devastate Missouri Services, Infrastructure, and the State’s Economy An extreme tax cut proposal, perfected this week by the Missouri Senate would slash Missouri’s general revenue budget by nearly $1 billion when fully implemented, resulting in devastating cuts to services throughout the state. Further, the […]
Missouri Budget Project: Senate Ways & Means Tax Cut Would Devastate Services, Infrastructure, and Economy
March 1, 2013
An extreme tax cut proposal approved by a Senate Committee this week would slash MO’s general revenue by more than one-fifth, resulting in devastating cuts to services throughout the state and undermining Missouri’s ability to invest in the very services that make it attractive to business. MBP’s latest report outlines the bill and its impact […]
Missouri Budget Project: Creating a State Earned Income Tax Credit for Missouri
January 14, 2013
In this time of economic turmoil, one of the most effective steps state lawmakers can take to stimulate Missouri’s economy is to create a State Earned Income Tax Credit (EITC). A State EITC would benefit more than 440,000 Missouri families and is also proven to be a valuable economic stimulus, generating more than $64.3 million […]
Missouri Budget Project: Consequences of HJR 36: Proposal to Dramatically Alter Missouri’s Tax Structure Would Burden Missouri Families and Economy
January 14, 2013
Recently, the Missouri House of Representatives passed HJR 36, a constitutional amendment which proposes dramatic changes to the state’s revenue structure by eliminating the individual and corporate income taxes and replacing them with a greatly expanded sales tax. If passed by the State Senate and then approved by voters, this shift would create a significant […]
Missouri Budget Project: Undocumented Workers: Impact on Missouri’s Economy
January 14, 2013
Immigration policies, per se, are outside the purview of the Missouri Budget Project. However, it is the MBP’s mission to provide information about fiscal issues that contributes to informed debate about education, health care, and other policies that affect the common good of Missourians. The Missouri Budget Project believes that sound decisions are based on […]
Missouri Budget Project: The “Mega Sales Tax” is Unwise Policy
January 14, 2013
There are currently nine initiative petitions and two legislative proposals to place a constitutional amendment before voters in November 2012 that would eliminate personal and corporate incomes taxes and replace them with a greatly expanded sales tax. The proposals have significant costs for the state and its residents, and are fraught with uncertainty. Read the […]
Missouri Budget Project: Creating a State Earned Income Tax Credit for Missouri: Supporting Work, Families & the Local Economy
January 14, 2013
The State EITC is one of the most effective Economic Stimulus Measures: In this time of economic turmoil, one of the most effective steps state lawmakers can take to stimulate Missouri’s economy is to create a State Earned Income Tax Credit (EITC). A State EITC could benefit as many as 440,000 Missouri families and is […]
Missourians for Tax Justice: Tax Reform Committee Hears HB 581
January 14, 2013
On March 16, the Tax Reform Committee of the Missouri House of Representatives heard House Bill 581 which would create a state earned income tax credit (EITC). The bill would authorize, beginning January 1, 2011, an individual income tax credit equal to 20% of any earned income tax credit claimed by the taxpayer on his […]
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