Amendment 7Constitutional amendment · Put on the ballot by lawmakers
Create fund to eventually end taxes
Explain it like I'm 5
This would create a permanent state savings account whose investments could earn money. Taxes would end only if those earnings eventually became large enough to replace them, so there would be no immediate tax cut.
Yes vote
Creating a permanent state-managed endowment fund and requiring state-imposed taxes to end once the fund's earnings can replace them.
No vote
Not creating the proposed Show-Me Prosperity Fund and continuing the current tax system.
The question to ask yourself
Is a protected, long-term investment fund worth the uncertainty and possible tradeoff with current public spending?
The case for
- Supporters say investment earnings could eventually replace taxes.
- Protecting the principal could create long-term state wealth.
- It encourages planning for future tax relief rather than relying only on annual revenue.
Backed by: State Sen. Adam Schnelting, Republican Party of Missouri, Freedom Principle MO
The case against
- The proposal starts with no identified funding source, according to the available summaries.
- Investment returns can fall and may not reliably replace tax revenue.
- Money directed to the fund could compete with current public services.
Opposed by: Democratic Party of Missouri, Missouri AFL-CIO, Act for Missouri, Missouri Budget Project
- Money
- State and local governmental entities estimate no costs or savings, there is no immediate tax change, and future deposits are not estimated.
- Don't be misled
- Saying the measure immediately eliminates taxes is misleading because elimination depends on future earnings becoming sufficient, and the fund has no immediate starting appropriation in the available descriptions.