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AIM keeps tax cut discussion alive in Senate hearing this morning

Ray McCarty, president of Associated Industries of Missouri, testified today before the Senate Ways and Means Committee as the committee reviewed different ways to reform Missouri’s tax policy.

The committee’s chairman, Senator Will Kraus (R-Lee’s Summit), opened testimony to the public to help the committee review tax structure in general rather than reviewing specific bills.

“While the committee opened testimony to the public on general taxation concerns, AIM stands by its Broad-Based Tax Relief Act that will bring tax savings to every Missouri business,” said McCarty. “The fact of the matter surrounding tax policy is Missouri is not on a level playing field. Our neighbors are using the tools they have to attract businesses to Kansas, Oklahoma, Nebraska, Arkansas or Iowa. As long as Missouri uses targeted tax credits rather than broad-based relief, the Show Me State will continue to lose those non-targeted businesses.”

The Ways and Means hearing today comes a week after AIM’s tax cut bill, Senate Bill 11, sponsored by Senator Eric Schmitt, was heard in the committee.

Also last week, a similar bill was filed in the House of Representatives. Representative T.J. Berry (R-Kearney) filed House Bill 253.

“I hope to help the businesses of Missouri thrive and progress,” said Berry. “When companies grow, employment will grow. Having good paying jobs is what the people of Missouri are seeking.”

Berry’s bill is gaining support. The bill has more than 30 co-sponsors, including House leadership.

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