The Joplin Globe, Joplin, MO

Opinion

May 10, 2013

Our View: Keep credits holstered

We have no problem with gun and ammunition manufacturers setting up their businesses in Missouri.

We welcome new jobs to our state.

That doesn’t mean we think we need to offer up a tax credit specifically to gun and ammunition manufacturers. Last time we looked, gun and ammo sales were quite healthy. Yet state Rep. Bill White, R-Joplin, has tacked on an amendment to the Missouri Quality Jobs Act that, if approved, would allow gun and ammunition manufacturers to claim credits for any jobs created. His bill would place a $3 million cap on the program, which would expire in six years.

Tax credits can be useful, and Missouri has many that already apply to businesses creating new jobs. In fact, Missouri has more than 60 different tax credits available.

We find it odd at a time when the state Legislature is proposing to cut tax credits for low-income housing — a program much needed right here in Joplin — that we can find up to $3 million to create yet another program. By the way, the low-income housing tax credits produce $5 for every $1 spent and have been shown to not only stimulate the economy but also provide roofs over the heads of families.

White says he has sent letters to a handful of gun and ammunition manufacturers urging them to come to the region. We’re sure there’s a list of incentives already in place that might be appealing.

The Missouri Quality Jobs Act is important. By tacking on this amendment to the bill, there’s a real risk that it will get mired down in unnecessary politics.

We simply don’t think Missouri needs yet another tax credit.

1
Text Only
Opinion
Local News
Twitter Updates
Follow us on twitter
Poll

Have you ever served as a volunteer for your state's conservation department?

A. Yes.
B. No.
     View Results
Facebook
NDN Video
Death Penalty Expert: 'This is a Turning Point' House Committee at Odds Over Obama Lawsuit Raw: MH17 Victim's Bodies Arrive in Netherlands Raw: UN School Used As Shelter Hit by Tank Shell Raw: Gunmen Attack Iraqi Prison Convoy Plane Leaves Ukraine With More Crash Victims The Rock Brings Star Power to Premiere Raw: Families Travel to Taiwan Plane Crash Site Arizona Execution Takes Almost Two Hours Gen. Odierno Discusses Ukraine, NATO at Forum Gaza Fighting Rages Amid Cease-Fire Efforts Mint Gives JFK Coin a Face-lift Creative Makeovers for Ugly Cellphone Towers Ariz. Inmate Dies 2 Hours After Execution Began Crash Kills Teen Pilot Seeking World Record LeBron James Sends Apology Treat to Neighbors Raw: Funeral for Man Who Died in NYPD Custody Migrants Back in Honduras After US Deports Israeli American Reservist Torn Over Return
Sports