GOP Task Force Recommends Eliminating Corporate Income Tax, DED

Photo Courtesy of Creative Commons
Photo Courtesy of Creative Commons

A white paper issued by a Missouri Republican Party task force recommends sweeping changes to the state tax code and suggests that lawmakers consider wiping out the income tax. Also recommended: elimination of the Economic Development Department, which the committee said has become an agency that picks “winners and losers” through state tax credits. The state party has not formally adopted the report. But officials regard it as a starting point for further conversations.

The task force was formed by state party chair Ed Martin and former state Rep. Shane Schoeller. The committee concluded that the state economy is “badly underperforming” and that families and workers are falling behind.

Recommendation one was to eliminate the corporate income tax and pay for it by erasing many state tax credits. In suggesting that Missouri consider eliminating the income tax, the committee said the sales tax should be broadened by wiping out the more than 400 exemptions now included in the tax code.

Read more from the Kansas City Star


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