If passed into law, the budget-busting tax breaks passed in May during the final hours of the 2014 legislative session and vetoed by Governor Nixon will continue to undermine Missouri’s economy and quality of life. As legislators gather for their party caucuses this week and next and consider whether to attempt overrides of these vetoes, the Coalition for Missouri’s Future urges them to be responsible fiscal stewards and let the vetoes stand.
Missouri is still recovering from the Great Recession with funding for critical public services below pre-recession levels, and these budget-busting tax breaks would trap us in a hole from which we can never escape.
Missouri needs an effective public education system – from quality early learning all the way through world class, affordable colleges and universities – efficient and effective transportation infrastructure, adequately funded social services, and reliable public safety to succeed in the 21st century knowledge-based economy.
Rather than haphazard, piecemeal tax cuts, we encourage the General Assembly to work in a bipartisan manner over the coming months to develop comprehensive economic development and tax policy legislation that invests in education, infrastructure and other critical services for all Missourians, grows Missouri’s economy, and keeps our state competitive.