Democratic presidential candidate Hillary Clinton has proposed a change in the top capital gains tax rates. Under current law, such capital gains have a two-tiered structure: short-term gains face a top rate of 43.4...
- Missouri Sen. Jason Crowell: Tax Credits
Missouri Sen. Jason Crowell: Tax Credits
Missouri spends about $544 million a year on various tax credits. Recently, these tax credits have included $5 million a year for sausage casing manufacturers and $25 million for an indoor practice facility and parking lot enhancement for the National Football League's Kansas City Chiefs (which then doubled its parking fees for patrons). State Senator Jason Crowell, who represents the 27th district, wants to change this. He's planning to reintroduce legislation when the General Assembly convenes for its 2010 session early next month to subject all tax credits to the appropriations process. In this week's podcast, Senator Crowell discusses the state of tax credits in Missouri and his hopes for reform.
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