The Missouri Chamber of Commerce rejects Governor Bob Holden’s claim that by closing what he calls business tax loopholes the state will be able to reap between $70-Million and $100-Million in additional revenues. Chamber President and Chief Executive Officer Dan Mehan says Holden is actually calling for employer tax increases to fill projected shortfalls in the state’s budget. Mehan adds the so-called loopholes cited by Holden only add up to $30-Million, and changing the existing tax laws would result in several businesses pulling up stakes and leaving Missouri – a blow to the state’s already struggling economy.
