New month, new registration for AIM’s popular Monday legislative webinars. If you want to stay in the know about what’s going on in Jefferson City, check your email, or email Dick Aldrich at firstname.lastname@example.org and get signed in for another month of webinars presented by Ray McCarty and your friends at AIM. Come Monday, the links you used in February will not work anymore. We’ve gotten a good response so far…but there’s a bunch of others we know signed up in January that haven’t signed up for March. Get signed up and we’ll talk to you Monday!
Why does health care transparency matter? The St. Louis Business Healthcare Coalition invites you to its spring forum March 6 for a full day of discussion on the growing transparency industry and its importance for you and your business. Click here for details
Legislation that seeks to end the so-called border war between Kansas and Missouri over businesses is on the move in the state legislature. Thursday (2-27-14), the Missouri Senate gave final passage to SB 635, sponsored by Sen. Ryan Silvey (R-Kansas City). The bill seeks to codify the truce in Missouri law, contingent on passage of a similar law in Kansas. The bill would deny tax incentives to employers that move jobs from four border counties in Kansas to any of four border counties in Missouri. Employers moving the same types of jobs from another county in Kansas or anywhere else to Missouri would still be eligible for benefits, but those moving from the Kansas counties of Douglas, Johnson, Miami or Wyandotte would be barred from receiving incentives for those jobs. The effect of the law will be to deny a tax benefit to employers moving from these counties to Missouri, while allowing similarly situated employers moving from other locations to enjoy the benefit.
The contrast between those who believe that tax cuts spur economic growth and those that don’t are rarely more publicly evident than they were Wednesday night on the Lincoln University campus in Jefferson City. At a public forum on tax policy, Associated Industries of Missouri’s (AIM) Ray McCarty and tax cut legislation sponsor Rep. T.J. Berry (R-Kearney) presented their ideas compared to those of Missouri Association of Social Welfare (MASW) executive director Jeanette Mott Oxford and Rep. Judy Morgan (D-Kansas City). An audience of about 50 people from throughout the Jefferson City community attended the event and asked questions. Morgan sponsors House Bill 1989, legislation that changes the state’s income tax rates so that the top income tax bracket is 9 percent for earners making more than $350,000 per year. In her presentation to the group, Morgan outlined tax cuts made by the Missouri legislature since 1997 that she said added up to more than $824 million. “When we reduce
Senator Rob Schaaf (R-St. Joseph) has filed legislation that would bring more transparency to the cost and quality of healthcare services in Missouri. Associated Industries of Missouri (AIM) has long supported transparency in healthcare and has made the bill a priority in this legislative session. Senate Bill 956 would require insurers with programs that publicly assess and compare the quality and cost efficiency of health care providers to conform to standardized criteria. Those who sell or distribute comparative health care cost and quality data must identify the measuring technique used to validate and analyze the data or face a penalty. “For thousands of consumers and employers in Missouri, cost transparency can help them stretch their healthcare dollars further,” said Senator Schaaf. “Allowing patients to make informed decisions regarding the quality of care or the best price will spur competition and ultimately lower healthcare costs.” AIM’s president Ray McCarty agreed. “Missouri employers often provide health insurance for employees,” said McCarty. “This
Associated Industries of Missouri this week spoke in favor of another broad-based tax cutting proposal this week during a hearing by the House Ways and Means Committee. House Bill 1453, sponsored by House Speaker Pro Tem Rep. Denny Hoskins (R-Warrensburg) would reduce Missouri’s corporation income tax rate by 1% and the individual tax rate by 1% over a period of ten years in which state revenues exceed the highest amount of the previous three fiscal years by at least $200 million. The bill also provides a 5% – 50% business income tax deduction over the same period and subject to the same conditions as the individual and corporation income tax rate cut. A twist to HB 1453 is that the bill requires 40% of the amount of the excess revenues above $200 million to be deposited in the School District Trust Fund and 20% would be allocated to higher education, until the Pubic School Foundation Formula is fully funded. “Last
A State Senate committee Thursday approved a proposed constitutional amendment that seeks to limit state spending. By a 5-1 margin, the Senate Ways and Means Committee voted to move SJR 26 to the full Senate for debate. The resolution, sponsored by Sen. Brad Lager (R-Savannah), would establish a limit on state appropriations equal to the amount appropriated in the previous year plus any increases in inflation and population. If revenues exceed the amount that is able to be spent, money would be deposited in a cash-flow account called the cash operating reserve fund and a savings account named the budget reserve fund. Such deposits would continue until the balance in the cash operating reserve fund is 5% of net general revenue collections the previous year. A similar provision would require deposits in the budget reserve fund until the balance reaches 7% of the amount of net general revenue collected the previous year. After the funds have been filled to the appropriate
In a press release, the National Association of Manufacturers (2/25) said President and CEO Jay Timmons delivered the annual State of Manufacturing address in Houston, Texas, “one of the manufacturing community’s most vibrant economic centers,” on Tuesday. Timmons “discussed the unique opportunities and challenges facing the manufacturing economy and the solutions that will bolster the manufacturing industry’s economic strength nationwide and throughout the world.” Timmons attributed the manufacturing sector’s “comeback to its dynamic workforce, innovation and game-changing energy resources. However, he noted the critical need to implement policies supporting manufacturing to eliminate the stifling effect that overregulation, high taxes, rising health care costs and a lack of trade agreements have on manufacturers’ competitiveness.” The International Business Times (2/26, Clark) quoted Timmons as saying, “We’re definitely making solid progress…But there are challenges ahead.” The article states “Timmons would like to see lower taxes and more trade” deals. An article written by POLITICO Pro reported Timmons called on “Congress to renew the charter of the Export-Import Bank” and improve
On February 20th, Ray McCarty was the guest of newsman Matt Michaels on Hot Talk and Breaking News 93.9 The Eagle in Columbia. Ray was the featured guest during The Eagle Eye Drive at 5 segment during the station’s 5:00 p.m. news. The interview occurred just after the Missouri House gave final approval of HB 1253 and HB 1295. Listen to the interview here:
One week after House members voted to let Missouri voters decide if the legislature should be able to limit a governor’s power over certain budget matters, the Missouri Senate has done the same. SJR 45, sponsored by Sen. Ryan Silvey (R-Kansas City), would prevent governors from freezing budgeted money for the Department of Elementary and Secondary Education. The resolution was third read and passed in the Senate Thursday (2/27) by a margin of 28-2. The proposed constitutional amendment now moves to the House of Representatives. If passed there, the measure would appear on the statewide ballot this coming November. Associated Industries of Missouri was the only statewide business organization to speak in favor of the resolution at a Senate hearing late last month. The constitution allows governors to control the rate of state spending and to withhold funds if revenues aren’t performing at projected levels. But the state constitution’s language on how much control a governor has over which funds