Rex Sinquefield and Andrew Wilson of the Show-Me Institute encourage Missouri to use its extra revenue for tax reform:

Tax rebates are one thing, and tax cuts are another. Tax rebates are appropriate for providing well-deserved tax relief, but as a temporary measure, they do little or nothing to make a state more competitive with others. Slashing or even zeroing income taxes — as eight states, including neighboring Tennessee have done — is a powerful mechanism for improving competitiveness. Income taxes are a tax on work, on investment, and on enterprise itself. That makes them the most damaging of their kind.
An over-reliance on the income tax as the primary source of state revenue is one of the main reasons why Missouri has lagged behind most other states in population and economic growth over the past two decades. Our state is more dependent on the individual income tax than all but seven other states; it generates about 50 percent of Missouri’s general revenues.

Read the whole thing here.