Nolte: Tax Relief Plan for Missouri Businesses to Encourage Job Growth

LEE’S SUMMIT, Mo. – State Rep. Jerry Nolte, R-Gladstone, unveiled his plan to provide tax relief to all Missouri businesses during a press conference at Bennett Packaging and Displays in Lee’s Summit. Nolte announced plans to file the Broad-Based Tax Relief Act for the 2012 legislative session that will provide tax relief to all Missouri businesses. Following the success of his Manufacturing Jobs Act, Nolte said the goal of this legislation is to make Missouri more competitive and stimulate job creation.

“Times are tough, unemployment is still too high and Missouri families are hurting,” observed Nolte. “This legislation will create a pro-job environment where everyone has the opportunity to prosper.”

After the Manufacturing Jobs Act, the next step in creating that pro-job environment is across the board tax relief. This legislation will reduce by 50 percent the income taxes paid by all companies large and small, including family farms. Nolte said the change will produce a level playing field for everyone.

“Government does not create jobs, private enterprise does,” said Nolte. “This legislation will give Missouri one of the lowest tax rates in the country. In turn, we will attract new businesses to Missouri while helping existing businesses and encouraging job growth.”

The 2010 Manufacturing Jobs Act sponsored by Representative Nolte was the catalyst for the $1.1 billion investment by Ford at its Claycomo location, the retention of 3,700 existing jobs and an additional 1,600 new jobs. In addition, GM announced it will invest $384 million with over 1600 jobs saved and created at its plant in Wentzville. Jobs and investment related to the auto company suppliers and other businesses are not included in these figures.

“We have an opportunity to take another bold step forward in Missouri by creating an environment that will help us keep the businesses we have as well as attract new businesses from all over the country,” said Nolte. “Anyone who is willing to work hard must have the opportunity to succeed and benefit from their hard work.”