Intro: Governor Jay Nixon expected to see a tax credit bill on his desk before legislative Spring Break, but with no vote from the Senate, Nixon will just have to wait.
Jennifer Meckles has more from the State Capitol.
The bill would give tax credits to businesses that create new jobs.
Kansas City Senator Matt Bartle challenged the idea of tax credits for some businesses.
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Description: "All we're doing now is, we're taking economic development growth, that's going to happen anyway in an economy and we're now paying a small subset of the people that are going to produce the economic growth, to do it." |
Bartle says the government should give tax breaks to all businesses, not just a select few.
The bill passed through the House in February, and Nixon wanted it to be finalized by mid-March.
Reporting from Jefferson City, I'm Jennifer Meckles.
Jennifer Meckles has more from Jefferson City.
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Description: "I really believe that, in this case, Democrat plus Republican equals the people. And its the people that are going to stand up against narrow special interest, that are pigging the resources of this state, to a small group." |
Jennifer Meckles has more from Jefferson City.
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Run Time: 00:31 |
Description: "The biggest hog always got to the trough and cleared everybody else out and then the little ones would try to come in and get theirs as the tall hog would allow them. What this process is going to be doing is moving the tall hog off the trough. And tall hogs don't like getting moved off the trough. So it is predictable that we are going to hear a chorus of 'it can't be done, it can't be done, it can't be done.'" |
Bartle said he doesn't like any tax credits, but a cap on this credit is better that no limit.
St. Louis Democratic Senator Jeff Smith disagreees with Bartle saying a cap won't change anything.
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Description: "Having a yearly cap on it would seem to me to greatly advantage the taller hogs, the larger hogs, because who is going to be able to have the resources to hire the lobbiests, the people to fill out the applications to get those applications in first in the year, the earliest? I think its going to be the bigger hogs, the taller hogs." |
Governor Jay Nixon gave strong support for this bill.
There was no vote in the Senate, and it will now be perfected.
From the State Capitol, I'm Jennifer Meckles.