Tax break bill is expected to die in Senate.
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Tax break bill is expected to die in Senate.

Date: February 11, 2009
By: Allison Blood
State Capitol Bureau

Intro: Chairman of the Senate Jobs Committee says strong opposition will kill a bill providing tax breaks for businesses.

Allison Blood has more from Jefferson City.

RunTime:0:41
OutCue: SOC

Republican Senator John Griesheimer said the need for tax credit reform is holding Senators back from supporting a bill that provides incentives for job creation and research.

 

Actuality:  GRIES1.WAV
Run Time: 00:15
Description: I talked to one of the leaders this morning and gave them some of the concerns that I have and they understand that they are playing with a loaded stick of dynamite so the pressure's on them to come up with a solution.
 
The bill, which will cost the state more than 130 million dollars, is in response to Governor Jay Nixon's request to create jobs in Missouri.
 
Nixon's goal is to have the legislation on his desk by the middle of March.
 
From the State Capitol, I'm Allison Blood.

Intro: A bill costing more than 130 million dollars is expected to face strong opposition in the Senate.

Allison Blood has more from Jefferson City.

RunTime:0:38
OutCue: SOC

Jobs Committee Chairman, Republican Senator John Griesheimer said the bill could die in the Senate if a compromise is not reached.

Senate Bill 45 supports job creation and research in Misosuri.

Griesheimer said the bill will also face opposition because of the amendments added in today's committee hearing, only one of which carried strong support from the committee.

 

Actuality:  GRIES2.WAV
Run Time: 00:09
Description: The other amendment that went on that had to deal with housing, it's not related to the bill. I'm sorry, worthy cause, but you know, we don't have the money.

Griesheimer said the amendment will serve as a red flag and do more harm than good.

From the State Capitol, I'm Allison Blood.


Intro: A bill to provide tax breaks to businesses is expected to fail in the Senate.

Allison Blood has more from Jefferson City.

RunTime:0:45
OutCue: SOC

Senate Jobs Committee Chairman, Republican Senator John Griesheimer said senators are looking for tax credit reform before they pass a bill supporting jobs and research.

In Wednesday's committee hearing, two amendments were added to the bill.

Griesheimer said the amendments will only slow down the process.

 

Actuality:  GRIES3.WAV
Run Time: 00:15
Description: You got to come up with a concrete idea rather than just stall, stall, stall, and you know we're going to be several weeks down the road and the Governor doesn't have a bill on his desk and we're not moving forward trying to fix some of the problems the state has right now.
 

While the bill carries more than 130 million dollars in expenses, Griesheimer said the return in tax dollars from employed Missourians is worth the cost.

From the State Capitol, I'm Allison Blood.