House rushes Nixon's plan into final passage

Intro: Jay Nixon's economic approval plan received overwhelming approval in Missouri's House.

Nathan Higgins has more from the State Capitol.

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Nixon's economic development plan aims to provide tax breaks for Missouri business.

Supporters say these tax credits will help create jobs and promote investment.

Republican Representative Tim Flook says the package is necessary to maintain competition within Missouri and surrounding states.

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Description: "When you compare us to Kansas, Nebraska, and Iowa, we don't compete even though we have stellar facilities ready to go and even though we have yet more caves and facilities that could be opened up."

Opponents say there is no guarantee this bill will provide jobs nor how much the plan will cost.

Reporting from the Capitol, I'm Nathan Higgins.

Intro: With many Missouri businesses suffering, the House voted to give businesses a tax break with suffering Missouri business.

Nathan Higgins has more from the State Capitol.

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Missouri's House gave preliminary approval to Governor Jay Nixon's economic development plan.

The package includes tax breaks for Missouri businesses and research facilities.

Saint Louis Democrat Jamilah Nasheed says the stimulus plan is imperative for business.

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Description: "Right now I think that in the state of Missouri we need more competition now than ever before so that we can move this economy forward."

But on the other side a fellow Democratic Representative says that not having a limit on tax credits will dig Missouri deeper into debt and will fail to generate revenue.

Reporting from the State Capitol, I'm Nathan Higgins.

Intro: Although the House cleared the economic stimulus plan for final approval, one Representative isn't quite sold.

Nathan Higgins has more from the State Capitol.

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With only a few, quiet no's, the vast majority of the House approved Governor Jay Nixon's economic development plan this week.

The plan will give tax breaks for selected businesses and eliminate the sixty million dollar cap on tax credits and the Quality Jobs Program.

However, the bill proves to be a problem for Hillsboro Democrat Belinda Harris.

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Description: "It has these tax credits that have no limits. They've taken the caps off. This is not something that we need to do in the state of Missouri. We are having problems with too many tax credits."

Republican Representative Tim Flook says that the bill will have a different effect.

Flook says the bill will create more jobs and competition for Missouri business.

Reporting from the State Capitol, I'm Nathan Higgins.