Decline to Sign the "Almost Everything Tax" Petition
Expert analysis shows the unfair "Almost Everything Tax" would cost the state of Missouri AT LEAST $2.5 billion in lost general revenues, forcing crippling cuts in education, health, public safety and other basic services. This will force devastating cuts to the services that enable Missourians and Missouri businesses to survive and thrive.
The "Almost Everything Tax's" billionaire backer has tried to lure support by exempting some items and groups from the unfair tax scheme, adding to the massive general revenue shortfall and forcing deep cuts in basic public services. The general revenue portion of Missouri’s budget totals about $7.8 billion, so a $2.5 billion shortfall would mean losing about one-third of this critical funding source for basic services.
The largest portion of the state’s general revenues -- almost 35 percent -- support K-12 public education. If the massive sales tax revenue shortfall is spread proportionally among various state services, public schools would be slashed roughly $868 million.
Social services and Medicaid would lose almost $466 million. Higher education would be cut $291 million. Public safety, prisons and the courts would lose almost $272 million. Programs for senior services, health and mental health would be cut nearly $263 million. And the state Departments of Transportation and Agriculture would each lose about one-third of their general revenue funding.
For more on the Missouri Budget Project analysis of the unfair sales tax schemes, visit: