Missouri’s Business Environment Tops Agenda as State Legislature Reconvenes
- The Missouri state legislature has reconvened to tackle some pressing economic concerns.
- Among the debates are the need to streamline business opening processes and the controversial ‘Made in Missouri’ initiative.
- The proposed online sales tax policy, dubbed ‘Wayfair Tax,’ is also expected to dominate the proceedings.
Missouri Lawmakers Begin Fresh Legislative Session
As duties resume in the state capitol, Jefferson City, lawmakers are anticipated to address Missouri’s business environment. There’s a growing concern over bureaucratic bottlenecks delaying business set-ups. Addressing this concern could mean a simpler, more efficient process for entrepreneurs wanting to open new businesses.
In addition, the state legislators will review the controversial ‘Made in Missouri’ initiative. The initiative encourages Missouri-based businesses to leverage home-state resources for their production processes. However, critics argue it may limit companies’ competitive edge by restricting sourcing options.
‘Wayfair Tax’ Looms Large on Legislative Horizon
One of the key economic issues predicted to dominate proceedings is the ‘Wayfair Tax’ proposal. This refers to the taxation of online sales, an increasingly critical revenue source in today’s digital economy. Implementing such a tax could stabilize the state’s budget and contribute towards education, infrastructure, and other public services. However, opponents argue that this could burden businesses and demand more administrative logistics from online retailers.
The Breezy Take
As the Missouri legislature gathers for a fresh session, the apparent need is a balanced approach to attracting and sustaining business growth while addressing societal needs. Streamlining the business set-up process is nearly universally cheered, while opinions diverge on both the ‘Made in Missouri’ initiative and the ‘Wayfair Tax’ proposal. Should Missouri creators have the freedom to source as they wish or does a push towards home-grown production warrant consideration? And in the digital age, finding a way to tax online sales seems inevitable, but the potential administrative burden on businesses is a valid point of contention. The debate lines are drawn, with the choices likely to shape the face of doing business in Missouri for the foreseeable future.
Original article: https://apnews.com/video/greta-thunberg-sweden-government-activism-dam-and-levee-breaches-stockholm-c7d35bb60b5149bcbe930e95034abce7