JEFFERSON CITY, MO (KTVI) – The Missouri Senate reconvened this morning in hopes of landing a big Boeing deal.
Governor Jay Nixon wants to expand tax credits to give Boeing an annual tax break of $150-million dollars. Boeing has issued a December 10th deadline for states wishing to compete for production of the 7-77-X.
Supporters of the plan say it would bring more than 8,000 jobs to St. Louis. Those opposed say it’s hypocritical to support this tax break for Boeing. The Governor should have supported tax breaks for all businesses and should not have turned down federal dollars to expand Medicaid.
“A tax cut for all Missouri businesses and all Missourians was rejected just a few short months ago, and now we’re back in special session to give a ‘special’ tax cut to one particular business. If taxes are too high for that one particular business, well then taxes are too high for all businesses and all residents.” said David Stokes of the Show-Me Institute.
Nixon says the negotiations have been civil and focused on what is best for the state. Missouri is just one of about a dozen states competing for production of the 7-77-X.