Updated 1/2/2013 with the credit's legislative developments.
While “fiscal cliff” negotiations are happening in the nation’s capital, a lesser known issue is also on the table. And depending on the outcome, thousands of jobs in Missouri could be at stake.
Gerald Nickelson is a worker at CG Power Systems in Washington, Missouri. As he walks around the factory, he points out a line of workers in front of a machine, wrapping coil. Later, the coil will be housed inside a green metal tank and shipped off as a complete transformer.
Missouri’s unemployment rate is now at its lowest point in four years.
November’s jobless rate is at 6.7 percent, down from 6.9 percent in October. At the same time, though, the state lost 6,800 non-farm jobs last month. John Fougere is with the Missouri Department of Economic Development.
“There’ll be blips from time to time, but we never focus on any one month of data when it comes to the number of jobs gained or lost, but instead the overall trend," Fougere said. "Right now the overall trend of Missouri’s economy appears to be positive.”
Governor Jay Nixon (D) on Monday stopped short of saying that Missouri needs any new laws regarding gun control, mental illness or school safety – but he did tell reporters that his administration may call for legislation designed to better protect school children from tragedies like the one last week Newtown, Conn.
Missouri’s presidential electors gathered at the State Capitol today and cast their ballots for Republicans Mitt Romney and Paul Ryan, who lost last month to incumbent Democrats Barack Obama and Joe Biden.
Despite the nationwide results, Missouri’s 10 electors were still committed to cast their ballots for the Romney/Ryan ticket. State Representative Stanley Cox (R, Sedalia) was one of those 10. He said it was a little interesting to cast an electoral ballot for someone he knows won’t be president.
“I guess, you know, I made a moral commitment to a bunch of people back in June that I would do this, so it’s not hard to do," Cox said. "I certainly think he’d have made a great president, although I know he’s not going to be president.”
On Sunday a somber Dick Durbin said the nation is in mourning in the wake of last week’s mass shooting in Newtown, Conn.
Then the Democratic U.S. Senator from Illinois told Fox News Sunday host, Chris Wallace, it’s time to think about whether people should be able to buy assault rifles, body armor and high-capacity clips.
“Can we have a thoughtful, calm reflection on these things and do it in the context of our second amendment?” Durbin asked. “I think we need to.”
Some of the original recommendations have been scaled back. The new list calls for shrinking the cap on Historic Preservation tax credits to $90 million, instead of $75 million as proposed two years ago, and reducing the cap on Low Income Housing to $135 million instead of $80 million. The caps for Historic Preservation and Low Income Housing are currently $140 million and $195 million, respectively. The new report also drops the recommendation to put expiration dates on all tax credits.
St. Louis Public Radio's Chris McDaniel joins the St. Louis Beacon's Jo Mannies and Jason Rosenbaum to talk about the week's politics.
On today's episode: It's a blast from the past as we start off the show by talking about Congressman Todd Akin's race (specifically his NRSC funding), then we move on to Missouri House Speaker Tim Jones' so-called Speaker Tour (or the Lt. Gov.'s Tour?), and we close it out with a discussion on the Arch Tax.