Show-Me Laffer Curve Anti-Tax Revival?!?

We've been a bit rough on Guv Kehoe this week . . . 

Right now we have to give him credit for thinking outside of the box.

At the very least, no state income tax will help some working-class locals save a few pennies before the idea probably implodes on itself.

Even better . . .

We get so share the sketchy Laffer curve idea that has always made 80s movie fans feel a bit smarter for the reference in the classic Ferris Bueller's Day Off.  

Now here's the plan . . .

Missouri is projected to have a $1 billion shortfall in fiscal year 2027. Kehoe attributes the deficit to the end of COVID-era programs and funding.

“If you look at it from kind of a capitalist standpoint, as the economy gets better, revenues will continue to come in for the state, other taxes, other revenues that we collect, and fees, so if we can get our economy better, maybe that helps make up the shortfall,” he said.

On the campaign trail in 2024, Kehoe worked with economist Dr. Art Laffer, an adviser to former Kansas Gov. Sam Brownback . . .

Read more via www.TonysKansasCity.com link . . .

Despite a budget shortfall, Missouri's governor seeks to eliminate the state income tax