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The St Louis Contrarian

Providing Independent and Intelligent Insight on St. Louis Public Policy Issues

Historic Tax Credits and Trump

President Trump has proposed in his tax plan to eliminate the Federal Historic Tax Credits. This would be a disaster for most cities, and most significantly, St. Louis. Federal and state credits have been effectively used in St. Louis for years to rehabilitate and develop housing that is historically significant. The dollar value has to be in the hundreds of millions of dollars. The value to the community is even higher. This for a tax plan that increases the deficit and simply lines the pocket of already very wealthy Americans. Second, this does not even get at the possible cuts in the State of Missouri Historic Tax Credits proposed by Governor Greitens Written by Paul Dribin

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