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Uploaded on Jan 18, 2010
Economist Art Laffer testified in favor of Missouri HJR 56/ SJR 29. Laffer explains his research supporting the elimination of State Income Tax and discusses the harmful effects of Missouri's income tax. To achieve the most economic growth and job creation, Missouri should eliminate its state income tax and move to a sales tax. Missouri should pursue a tax structure that does the least amount of harm while collecting the revenues we need. Replacing Missouri's income tax with a sales tax will accomplish that aim.