Tax Cuts Are Only Half The Story

Date 2013/9/27 4:33:39 | Topic: News

A University of Missouri professor says that tax cuts for economic growth are only half the story.

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Dr. Judith Stallmann is with the Truman School of Public Affairs, and after reviewing years of research, she found most states that cut taxes actually limit their economies, because the subsequent loss of public service spending outweighs the tax cut benefit. Stallmann says relatively low-tax states like Missouri have less to gain by cutting taxes.



She says Louisiana, New Mexico, and Oklahoma all saw growth in their economies after cutting taxes, but also says a boom in the oil and gas industry might have had a bigger role in the growth than lower taxes.



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