Restarting Missouri’s Low-Income Housing Tax Credit Program Is Still a Bad Idea

Ever hear the phrase “throwing good money after bad?” That’s what Missouri lawmakers are considering doing with the proposal to revive the state’s low-income housing tax credit (LIHTC) program. With little more than a week remaining in this year’s legislative session, and with so many policy priorities outstanding, it’s easy to wonder why time is being devoted to a program that has been shown to be a bad investment for Missouri taxpayers.