Missouri’s Business Community Praises Stimulus Package

Washington’s economic stimulus plans have been criticized by some in state government. But those plans are being praised by Missouri business. Bob Holden is one of several Governors concerned about a potential loss of revenues resulting from the economic stimulus packages being considered by Congress. The Missouri Chamber of Commerce diesn’t see it that way. The Chamber’s Director of Fiscal Affairs, Ray McCarty, says even with tax relief for businesses the state will benefit through increased sales tax revenues. McCarty says the state will take in more than it loses. Two versions of the package are being considered – one put forward by the Senate and the other favored by the House. Governor Holden says that while both plans could hurt, the Senate version does the least amount of harm.