Missouri Budget Threatened by Fisc Al Cliff Fallout; State Could Lose $500 Million in Grants, in Addition to Cutbacks in Defense Spending

By Crisp, ElizaBEth | St Louis Post-Dispatch (MO), November 17, 2012 | Go to article overview

Missouri Budget Threatened by Fisc Al Cliff Fallout; State Could Lose $500 Million in Grants, in Addition to Cutbacks in Defense Spending


Crisp, ElizaBEth, St Louis Post-Dispatch (MO)


JEFFERSON CITY Missouri's state budget would lose millions in federal dollars if the nation falls over the fiscal cliff, and state taxes also would shift altering the amount of revenue coming in, a new report shows.

The so-called fiscal cliff a series of expiring tax measures, coupled with deep budget cuts that will take effect unless Congress reaches a compromise is scheduled to hit at the beginning of 2013.

If it does, Missouri would lose federal grants equal to 7.2 percent of state revenue. That's more than $500 million that funds programs such as the Women, Infant and Children nutritional program, as well as federally funded research projects at Missouri colleges and universities.

Missouri also would see a higher-than-average impact from cuts to federal spending on procurement and wages, as well as federal defense spending, according to the Pew Center on the States report.

On top of that, Missouri is one of six states where state income tax is linked to federal income tax Missourians can qualify for a state deduction to cover the federal increase, so that would lead to a drop in state revenue collections.

Meanwhile, Missourians could see other state taxes increase that are also tied to federal taxes.

"Almost all states have tax codes linked to the federal code in some way," said Anne Stauffer, project director at the Pew Center. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Missouri Budget Threatened by Fisc Al Cliff Fallout; State Could Lose $500 Million in Grants, in Addition to Cutbacks in Defense Spending
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.