Rebuilding Missouri’s Economy
As the 2011 special session comes to a close, Missouri’s economic outlook is not much different than when the special session began nearly two months ago. While the major push was an attempt to increase government spending under the umbrella of “economic development,” the reality is that there are a number of public policy changes that should be considered instead of creating more special perks for special interest. With the next regular session just two months away, we cannot lose our focus on protecting the interests of taxpayers, reducing government spending, and growing our economy through private sector job creation.
In recent years, every level of government has worked to spur economic growth. Unfortunately, the majority of these attempts have been politicians throwing the taxpayer’s money at specific industries, particular companies and campaign contributors. These government handouts have compounded the already strained budgets thereby forcing dramatic reductions to essential public programs such as education, transportation and public safety.
Although these financial giveaways may create short-term economic activity, they do very little to create long term sustainable economic growth. If we are serious about creating public policy that supports economic growth, then we must pursue comprehensive measures aimed at long-term prosperity. For example, by improving Missouri’s tax structure and reducing the financial burdens on businesses in our state, we will benefit every company operating within our borders. By having a fair legal system that is not hostile towards businesses and a reasonable regulatory environment that is not forcing jobs out of our country, we can create a business climate that encourages innovators and entrepreneurs to invest in their businesses, hire new workers, and grow their companies.
While government incentives are easy to tout as economic development efforts, they too often become special treatment for a handful of companies who lobby effectively. The winners and losers in the free market place should be chosen by consumer’s purchasing practices and not by politicians or government bureaucrats. I believe that the legislature has a greater responsibility to Missouri’s citizens to fight for every Missouri business that supports our communities and keeps our economy growing. While there is no silver bullet for the problems we currently face, I am committed to working hard and continuing to fight for comprehensive solutions that provide widespread support and long-term growth opportunities.
As always, please feel free to call, email, or write with your ideas or concerns. The Capitol number is (573) 751-1415, my email is brad.lager@senate.mo.gov and my mailing address is Room 422, State Capitol Building, Jefferson City, MO 65101.
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