Missouri Lawmakers Propose 20% Tax Break for Big Companies Investing in Advanced Manufacturing
Missouri Lawmakers Plan to Boost Investment
Missouri lawmakers are working on a plan to help big companies invest in advanced manufacturing, according to the published article of Missouri Net. They want to give these companies a 20% tax break if they spend at least $1 billion and create 500 jobs in Missouri. The goal is to make Missouri really attractive for businesses to invest in.
The plan has support from some lawmakers who think it will bring more jobs and Americans to areas that need them. But there are others who worry it might cost too much and give unfair advantages to big companies. Despite this if one more vote in favor happens and the plan will move to the Senate for more discussion.
(photo: The Business Journals)
Support for Missouri Lawmakers Tax Break Plan Sparks Fairness Debate
Furthermore, Americans who like the plan say it makes clear rules for companies. They think this is fair for everyone and stops playing favorites. But some worry like Americans for Prosperity who think giving special treatment to some businesses might make taxes go up for everyone else. Even with these worries, the plan could still become a law if it gets another yes vote in the House and then the Senate agrees too.
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