Show-Me Pocket Change

Why do we need Tax Reform?

January 18, 2010 · Leave a Comment

Beverly Martin enumerates the issues Missouri is facing economically. This is why we need a substantial reform bill that does away with Income Tax and replaces revenues with a sales tax.

“Unemployment rate in Callaway, Cole and Boone counties ticked up a tenth of a point in August.”

“Missouri jobless rate … highest levels in the last 26 years.”

“Unemployment rate increased in Callaway County from 8 to 8.2 percent.”

“Cole County increased from 7.0 percent in July to 7.1 percent in August.”

“Boone County increased from 6.6 percent in July to 6.7 percent in August.”

“Even higher in other counties … 9.2 percent Audrain … 10.3 percent in Osage … 11.1 percent in Montgomery County.”

“1,847 Callaway County residents … unemployed.”

“Missouri lost another 6,700 jobs during August … statewide unemployment rate of 9.5 percent … from 9.3 percent in July.”

“Missouri manufacturing lost 3,500 jobs during August.”

“Construction jobs in Missouri fell by 1,600 jobs in August.”

“Administrative and support sectors shed another 2,300 jobs.”

“Leisure and hospitality vacation-related employment lost 1,400 jobs in August.”

“Kansas City area lost 3,200 jobs.”

“St. Louis area lost 1,300 jobs.”

(Figures quoted from “Jobless rate rises in Callaway, Central Missouri,” by Don Norfleet, The Fulton Sun, September 25, 2009.)

Categories: State Income Tax · Tax Research
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