Amendment 7: Missouri Creation of Show-Me Prosperity Investment Fund for State Tax Reduction and Elimination Amendment

This is known as Amendment 7.

• Establish a permanent public endowment fund

• Creates an endowment fund but provides no revenue source to finance it - leaving taxpayers to fill the gap.

• Diverts money away from public schools, higher education, healthcare, corrections, and many other essential programs - with no surplus available.

• The legislature would be forced to redirect taxpayer dollars - ties Missouri's financial future to Wall Street and the profits of America's largest corporations.

• Current taxpayers would be financing a fund that will not benefit Missourians for generations.

• Caps withdrawals at 3% annually - keeping large amounts of taxpayer money locked away and unavailable during emergencies.

• The amendment says income tax could be eliminated & can't be re-added - but if their fund collapses, lawmakers can bring income tax back.

• That means you lose the money you paid into their fund AND still get hit with income tax again.