Post on 14-Apr-2018
transcript
7/29/2019 Patrick Ishmael's Border War Presentation
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BORDER WAR:
The Fight for Missouris Economic Future
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Missouris Economic Track Record
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Missouris Economic Track Record (contd)
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Wealth is Leaving the State
You Can Call Them Buzzards, But That
Makes Missouri The Carcass
http://www.showmedaily.org/2013/09/you-can-call-them-buzzards-but-that-makes-missouri-the-carcass.htmlhttp://www.showmedaily.org/2013/09/you-can-call-them-buzzards-but-that-makes-missouri-the-carcass.htmlhttp://www.showmedaily.org/2013/09/you-can-call-them-buzzards-but-that-makes-missouri-the-carcass.htmlhttp://www.showmedaily.org/2013/09/you-can-call-them-buzzards-but-that-makes-missouri-the-carcass.html7/29/2019 Patrick Ishmael's Border War Presentation
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Regional Job Growth 2000-2010
Part Five: The Smallness Of The
Potentially Hip Core
Data from the Brookings Institution
http://www.showmedaily.org/2013/04/part-five-the-smallness-of-the-potentially-hip-core.htmlhttp://www.showmedaily.org/2013/04/part-five-the-smallness-of-the-potentially-hip-core.htmlhttp://www.showmedaily.org/2013/04/part-five-the-smallness-of-the-potentially-hip-core.htmlhttp://www.showmedaily.org/2013/04/part-five-the-smallness-of-the-potentially-hip-core.html7/29/2019 Patrick Ishmael's Border War Presentation
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Job Growth in the Last Year
The Kansas/Missouri Economic Border
War, In A Graph
http://www.showmedaily.org/2013/07/the-kansasmissouri-economic-border-war-in-a-graph.htmlhttp://www.showmedaily.org/2013/07/the-kansasmissouri-economic-border-war-in-a-graph.htmlhttp://www.showmedaily.org/2013/07/the-kansasmissouri-economic-border-war-in-a-graph.htmlhttp://www.showmedaily.org/2013/07/the-kansasmissouri-economic-border-war-in-a-graph.html7/29/2019 Patrick Ishmael's Border War Presentation
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So What Did Kansas Do?
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Two Rounds of Tax Cuts in Kansas
Associated Press: Conservative Republicans pushed the initial cuts
through last year while acknowledging that the plan was too
aggressive and would need refinement in 2013. Those changes in
the bill signed by Brownback on Thursday include decreasing
income tax deductions over time as overall rates drop, as well asgiving a less generous standard deduction for married couples and
single parents. The top in personal income tax rate [sic] will drop
to 3.9 percent for 2018, down from 4.9 percent, and promises
future rate reductions in years when revenues grow more than 2
percent.Notably, Kansass lowest income tax bracket will also drop, from 3 percent to 2.3 percent. And taken
together with last years cuts, Kansass new cuts put the state on track to return nearly $4 billion to
Kansans over the next five years.
Milkshakes and Handshakes: Brownback
SignsAnotherKansas Tax Cut
http://www.showmedaily.org/2013/06/milkshakes-and-handshakes-brownback-signs-another-kansas-tax-cut.htmlhttp://www.showmedaily.org/2013/06/milkshakes-and-handshakes-brownback-signs-another-kansas-tax-cut.htmlhttp://www.showmedaily.org/2013/06/milkshakes-and-handshakes-brownback-signs-another-kansas-tax-cut.htmlhttp://www.showmedaily.org/2013/06/milkshakes-and-handshakes-brownback-signs-another-kansas-tax-cut.htmlhttp://www.showmedaily.org/2013/06/milkshakes-and-handshakes-brownback-signs-another-kansas-tax-cut.htmlhttp://www.showmedaily.org/2013/06/milkshakes-and-handshakes-brownback-signs-another-kansas-tax-cut.htmlhttp://www.showmedaily.org/2013/06/milkshakes-and-handshakes-brownback-signs-another-kansas-tax-cut.htmlhttp://www.showmedaily.org/2013/06/milkshakes-and-handshakes-brownback-signs-another-kansas-tax-cut.htmlhttp://www.showmedaily.org/2013/06/milkshakes-and-handshakes-brownback-signs-another-kansas-tax-cut.html7/29/2019 Patrick Ishmael's Border War Presentation
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Regarding the Missouris A Low Tax State!
Conventional Wisdom
Income taxes:
Missouri
6% top marginal rate
Including the Kansas City earnings tax, 7%
Kansas
4.9% top marginal rate, 3.9% in 2018
No earnings tax
Non-wage pass-through income taxed at 0%
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The Growth Corridor
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Tax Policy Matters.
A stronger reliance on income taxes seems to be
associated with significantly lower levels of GDP per
capita than the use of taxes on consumption and
property. Within income taxes, those on corporate
income seem to be associated with lower levels of GDP
per capita than personal income taxes. In fact, corporate
income taxes appear to be the least attractive choice
from the perspective of raising GDP per capita.
Arnold, Jens. Do Tax Structures Affect Aggregate Economic Growth? Empirical Evidence From a
Panel of OECD Countries. Organisation for Economic Co-operation and Development, Economics
Department Working Papers No. 643. Oct. 14, 2008.
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The Growth Corridor
Cato Institutes Fiscal Report Card
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The Growth Corridor
Chief Executive magazine Best & Worst States
for Business
Missouri Is 31st For Business Friendliness
In CEO Survey
Speaking of Texas, there is one other thing worth noting about ChiefExecutives survey what the states in the top five have in
common. Three of the top five states Texas (first place), Florida
(second place), and Tennessee (fourth place) do not have an
individual income tax. Indiana (fifth place) just enacted legislation to
cut its income tax; North Carolina (third place) is pushing hard to
reduce its income taxes as well.
http://www.showmedaily.org/2013/05/missouri-is-31st-for-business-friendliness-in-ceo-survey.htmlhttp://www.showmedaily.org/2013/05/missouri-is-31st-for-business-friendliness-in-ceo-survey.htmlhttp://www.showmedaily.org/2013/05/missouri-is-31st-for-business-friendliness-in-ceo-survey.htmlhttp://www.showmedaily.org/2013/05/missouri-is-31st-for-business-friendliness-in-ceo-survey.html7/29/2019 Patrick Ishmael's Border War Presentation
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The Growth Corridor
2013 United States Small Business Friendliness Survey(Kauffman Foundation/Thumbtack.com)
Small Business Friendliness Survey:
Kansas Gets A, Missouri Gets C, Illinois
Gets D
http://www.showmedaily.org/2013/04/small-business-friendliness-survey-kansas-gets-a-missouri-gets-c-illinois-gets-d.htmlhttp://www.showmedaily.org/2013/04/small-business-friendliness-survey-kansas-gets-a-missouri-gets-c-illinois-gets-d.htmlhttp://www.showmedaily.org/2013/04/small-business-friendliness-survey-kansas-gets-a-missouri-gets-c-illinois-gets-d.htmlhttp://www.showmedaily.org/2013/04/small-business-friendliness-survey-kansas-gets-a-missouri-gets-c-illinois-gets-d.htmlhttp://www.showmedaily.org/2013/04/small-business-friendliness-survey-kansas-gets-a-missouri-gets-c-illinois-gets-d.htmlhttp://www.showmedaily.org/2013/04/small-business-friendliness-survey-kansas-gets-a-missouri-gets-c-illinois-gets-d.html7/29/2019 Patrick Ishmael's Border War Presentation
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The Growth Corridor
CNBC Top States for Business 2013
In Case There Were Any Doubts About The
Growth Corridor Were In, Heres Another
Data Point
http://www.showmedaily.org/2013/07/in-case-there-were-any-doubts-about-the-growth-corridor-were-in-heres-another-data-point.htmlhttp://www.showmedaily.org/2013/07/in-case-there-were-any-doubts-about-the-growth-corridor-were-in-heres-another-data-point.htmlhttp://www.showmedaily.org/2013/07/in-case-there-were-any-doubts-about-the-growth-corridor-were-in-heres-another-data-point.htmlhttp://www.showmedaily.org/2013/07/in-case-there-were-any-doubts-about-the-growth-corridor-were-in-heres-another-data-point.htmlhttp://www.showmedaily.org/2013/07/in-case-there-were-any-doubts-about-the-growth-corridor-were-in-heres-another-data-point.htmlhttp://www.showmedaily.org/2013/07/in-case-there-were-any-doubts-about-the-growth-corridor-were-in-heres-another-data-point.html7/29/2019 Patrick Ishmael's Border War Presentation
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The Growth Corridor
CNBC Top States for Business 2013
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The Poor Argument for Project-by-Project Tax
Cuts
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Tax Credits in Missouri
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Tax Credits Are Growing
Tax credit redemptions total hundreds of millions of dollars
each year.
There are over $1 billion worth of outstanding credits.
Despite this, tax credits are not subject to appropriations.
$-
$100.00
$200.00
$300.00
$400.00
$500.00
$600.00
$700.00
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
InMillions
Annual Redemptions
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Historic Preservation Tax Credit
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Historic Preservation Tax Credit
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Underestimating Cost, Overestimating Return
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Tax Reform
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Milton Friedman on Taxes
I am in favor of cutting taxes under any circumstances and for any
excuse, for any reason, whenever its possible. The reason I am is
because I believe the big problem is not taxes, the big problem is
spending. The question is, How do you hold down government
spending? Government spending now amounts to close to 40% ofnational income not counting indirect spending through regulation
and the like. If you include that, you get up to roughly half. The real
danger we face is that number will creep up and up and up. The
only effective way I think to hold it down, is to hold down the
amount of income the government has. The way to do that is to cuttaxes.
Opposing Tax Cuts, Supporting Bigger
Government, And The Wisdom Of Milton
Friedman
http://www.showmedaily.org/2013/08/opposing-tax-cuts-supporting-bigger-government-and-the-wisdom-of-milton-friedman.htmlhttp://www.showmedaily.org/2013/08/opposing-tax-cuts-supporting-bigger-government-and-the-wisdom-of-milton-friedman.htmlhttp://www.showmedaily.org/2013/08/opposing-tax-cuts-supporting-bigger-government-and-the-wisdom-of-milton-friedman.htmlhttp://www.showmedaily.org/2013/08/opposing-tax-cuts-supporting-bigger-government-and-the-wisdom-of-milton-friedman.htmlhttp://www.showmedaily.org/2013/08/opposing-tax-cuts-supporting-bigger-government-and-the-wisdom-of-milton-friedman.htmlhttp://www.showmedaily.org/2013/08/opposing-tax-cuts-supporting-bigger-government-and-the-wisdom-of-milton-friedman.html7/29/2019 Patrick Ishmael's Border War Presentation
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