The Illinois House of Representatives voted today to raise the state's personal income tax from 3% to 5%. (Link to story here.)Missouri needs to take a Wisconsin-like approach to this. Wisconsin's governor, Scott Walker (shown here), a Republican, has taken notice of the huge tax increase in a state that borders his - as it does Missouri (for anyone in Jefferson City who might not realize that) - and proposed tax cuts to entice business into his state. (Link to story here.)
The time is now to cut Missouri's personal and business tax rates, or eliminate them entirely. And let the boom begin.
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