Show-Me Minute - Tax Subsidies

Remember alphabet soup when you were a kid? And trying to make the letters into words? Lawmakers like to play with letters too…with tax subsidies.

TIFs, CIDs, TDDs, the list goes on. But they have one thing in common. They give corporations OUR tax dollars.

That’s money that we taxpayers could otherwise save and spend ourselves.

And Missouri is one of the most generous states when it comes to handing out corporate welfare. More than $5 billion in subsidies since 1990. It might be money well spent if the state was booming…but Missouri stands near the bottom in economic growth.

Instead of giving our money to certain businesses, and trying to pick winners and losers, why don’t government officials just cut taxes for all of them, and cut taxes for us too…so we can decide what to do with our money.

Check out our 2017 Missouri Blueprint: Moving Missouri Forward at showmeinstitute.org. This Show-Me Minute has been brought to you by Show-Me Institute and Show-Me Opportunity.

Broadcast on:

21 Nov 2017