Missouri proposes tax break for cars and trucks built in-state
"This waiver would help car manufacturers and auto workers," said Rep. Michael Spreng. "Job retention and job creation is what this is all about." Ford’s St. Louis Assembly plant, which Ford plans to close, is in Spreng’s district.
Analysis of this first-of-its-kind legislation and its impact can be found at the link. While the legislation has its proponents, it remains unclear whether the move will hold any sway with manufacturers, or whether it will simply serve consumers. As Rep. Ed Robb (who opposed the waiver) said, "This is not going to cause any motor vehicle manufacturer to stay in Missouri... It just doesn't have a possibility of making a difference."
[Source: Detroit News]
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models