subscribesubscriber servicescontact usabout ussite map
Tue, Feb 09 2010 

Published April 19, 2008 04:56 pm - Missouri’s quarterly campaign contribution reports indicate Rex Sinquefield doesn’t read this column.

Joe Hadsall: Reasons for donor’s contributions hard to peg



By Joe Hadsall

Globe columnist

Missouri’s quarterly campaign contribution reports indicate Rex Sinquefield doesn’t read this column.

Last week, I reported that state Sen. Gary Nodler, R-Joplin, received almost $10,000 from committees funded by Sinquefield, a retired financial analyst who champions school choice, among other issues.

Before Nodler received a dime of Sinquefield’s money, he expressed sympathy for the issue — he said in January that if the issue came up for debate on the Senate floor, he’d let it happen.

Nodler speculated that the January column was the reason he received those donations. But House Speaker-elect Ron Richard, R-Joplin, was also in that column, and he reported no donations from any of Sinquefield’s committees.

Nodler was singled out last week because he submitted his quarterly campaign fund-raising report before the April 15 deadline. A few days later, state Sen. Jack Goodman, R-Mount Vernon, reported Sinquefield donations that more than doubled those of Nodler.

According to documents from the Missouri Ethics Commission, Goodman hauled in $24,700 from 38 of Sinquefield’s 100 political action committees.

None of the other area representatives or senators reported donations from those groups, including Richard. A column written by Sinquefield reveals a possible reason why Richard may not have been a recipient.

The column attacks a piece of legislation that Richard has sponsored. The bill calls for tax credits worth $550 million for Bombardier Aerospace in order to entice the Canadian company to build a manufacturing plant in Kansas City.

Sinquefield argues that tax credits aren’t always a good idea because they don’t guarantee that extra economic development will replace the initial tax-revenue loss.

“While some projects may offer ... robust yields, there are no guarantees,” he and co-author Joseph Haslag wrote. “To bank on higher future tax revenues flowing from today’s tax credits is simply folly.”

Richard said that the bill will make history: It will be the first tax credit bill that compels the company to pay back all the tax credits, based on every airplane sold.

“Most tax credits are basically cash giveaways,” Richard said in March. “I don’t believe that’s fiscally responsible. We are the only state in the union that will have a tax credit bill that pays the state back on interest and principal.”

Wrap-up



print this story    email this story    comment on this story   

Click to discuss this story with other readers on our forums.


Add a comment on this story







autoconx
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide

Announcements

Click here!!

: Special Offer For New Subscribers : 32 buy 1 get 1 free offers

Click Here!


Featured Jobs

FRONT LOADER
driver needed, local routes, experienced driver preferred. Class B license required. Pay $10-$11 per hour. Call for inte...>MORE

RECEPTIONIST
busy law office seeking full-time receptionist. Previous experience required, mulit-tasking, computer skills, and great ...>MORE

LPN FOR MDS COORDINATOR
LPN FOR MDS Coordinator, experience required. Apply at Seneca House, 914 Chickesaw, Seneca, MO or call Holly at 417-776...>MORE

See all ads

Featured Transportation

CHEVROLET, 1999 MONTE CARLO
169,000 miles, $2750. (417)540-9986...>MORE

2001 GRAND PRIX
Richard Petty Special Edition Package, $4995/offer. 417-317-2000....>MORE

PONTIAC, 1999 SUNFIRE
148,000 miles, $2750. (417)540-9986...>MORE

SATURN, 2001 SC-2
154,000 miles, $2850. (417)540-9986...>MORE

See all ads

Featured Homes

VALENTINES GIFT
Unique Gorgeous Valentines Gift
1112 W. 5th, Joplin. Approximaitely 2200 sq. ft, could be 4,000 sq. ft. 3 br, 2 ba
...>MORE

See all ads

Other Cool Stuff

FOR SALE DOBERMAN PUPS

6 males and 1 female, date of birth 1-18-2010 all black and rust, mom and dad for more information please call Je
...>MORE

APR FRENCH BULLDOG

14 week old female. Brindle with white markings. $900. 417-540-7490
...>MORE

MINI SCHNAUZER
4 months, male, $75 with papers and accessories. (417)434-8830....>MORE

See all ads


 

Community Newspaper Holdings, Inc.CNHI Classified Advertising NetworkCNHI News Service
Associated Press content © 2009. All rights reserved. AP content may not be published, broadcast, rewritten or redistributed.
Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide.
Some parts of our site may require you to download the Flash Player Plugin.
View our Privacy Policy
Advertiser index

 

 

The Joplin Globe Electronic Edition