Senate Appropriations Chair Kurt Schaefer and Representative Chris Kelly this morning told Rex Sinquefield directly that they oppose his radical Everything Tax ballot initiatives. The two members of the General Assembly were the headline speakers at a Show-Me Institute event in Columbia moderated by Sinquefield himself.
“It scares the bejesus out of me what's going to happen if we phase into this and we have a substantial dip in general revenue,” said Senator Schaefer, who also said he was “intrigued” by the concept of a higher sales tax, in general. But “I'm very concerned about what happens when it phases in, especially during the phase in, and whether or not we have a substantial dip in general revenue because we cannot take it right now.”
The Everything Tax “cannot pass and...is bad for the state of Missouri,” said Representative Kelly. “It's bad for the state of Missouri because it would produce less revenue and because it moves the burden so substantially downward.”Read More »