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Missouri legislators may soon be considering separate tax bills that would make Missouri’s tax system even more unfair and would take away critical resources our communities need to prosper. These cuts include funding for public schools. Missouri PTA opposes any measure that would take away funding for schools in Missouri. The loss of revenue generated from individual income tax is a large portion of funding for Missouri schools. Without quality schools it will be hard to attract new businesses and may even cause the loss of existing businesses, which hurts all of Missouri.

 Contact your legislators today to let them know you OPPOSE this bill.

The irresponsible tax giveaways included in SB 884 far outweigh the positive changes they include.

Lawmakers are set to give a huge tax break to profitable corporations while undermining our ability to fund schools, health, roads, and other things Missourians need.

Yesterday, the House approved a massive corporate tax cut, once again putting corporate profit margins before people.

The House approved an amended version of Senate Bill 884, which would cut Missouri’s corporate income tax by more than one-third, taking it from 6.25% to just 3.9%.  If approved, Missouri would have the second lowest corporate income tax rate in the nation.

Year after year, lawmakers have chosen costly tax cuts aimed at profitable corporations and the richest households, and yet Missouri has little to show for it except an inability to adequately support the building blocks of our state’s economy.

 Cutting the Corporate Income Tax rate will predominantly help large out-of-state businesses and their out-of-state shareholders.

Legislators should put people first. Instead of rushing a poorly constructed tax measure through at the tail-end of the legislative session, lawmakers would be better off to take advantage of a proven strategy and approve of the Working Families Credit-EITC.

Thirty states and the District of Columbia have similar state-level credits, which have proven to have lasting benefits, particularly in the educational, health and economic outcomes for children.

What’s more, this ill-conceived corporate tax giveaway is being considered at the same time that Missouri is unable to afford basic services and infrastructure that our communities, families and economy need to prosper.

Missouri already ranks well below other states in terms of the services it provides its residents. Recent budget cuts have diminished those services further, and the continued phasing in of 2014’s tax cuts will likely make the situation even more dire. The bill passed by the House would be another big step in the wrong direction.

Not only have services been cut over the last decade, each year they compete against each other for more limited increases. Services for our grandparents are pitted against services for our children; and education competes against transportation needs.

Moreover, Missouri’s budget struggle is likely to worsen due to the implementation of the 2014 Kansas-like tax cuts that are still being phased-in. When fully implemented, the 2014 tax cuts will reduce state revenue by $720 million per year – the equivalent of all mental health services in Missouri.

Schools are already struggling in part due to gaps in the budget created by the passage of SB 641 and SB 1025 in 2016. When Missouri is unable to fully fund its portion of schools every district and every child suffers. This can be felt most strongly in districts that are struggling to pay for the cost of education due to lowering property values and tax revenue. The corporate tax is vital to these schools to help to make the playing field level for all Missouri children no matter the school district.

There are a few districts in Missouri that will be better able to adjust to such a loss in income. However, what about the districts that cannot? There are several districts that already have cut music and extra-curricular activities out of their budget. They already have had to lay off support staff and may have to eventually lay off teachers. How are those schools going to be competitive with the schools that are better able to make up for decrease in funding? The further lack of funds that the loss of income tax would create a greater disparity between school districts.

Furthermore, with an educated population comes a qualified work force. This work force will help attract new businesses to Missouri. These new businesses in turn create new employment opportunities for Missourians. If we cannot fully invest in education we dissolve the very force that will propel Missouri onward. The children of Missouri deserve to have an equal chance no matter from which district they attend. We need to ensure they have career opportunities waiting for them to encourage them to stay in Missouri. Please tell your Representative and Senator to vote NO to SB 884.

Tell your legislators to oppose these bills.

Dear Representative or Senator,

Missouri PTA opposes any measure that would take away funding for schools in Missouri. The loss of revenue generated from individual income tax is a large portion of funding for Missouri schools. Without quality schools it will be hard to attract new businesses and may even cause the loss of existing businesses, which hurts all of Missouri.

 In the current fiscal year, the tax is budgeted to reduce $720 million for the general revenue budget. These cuts would come at a time when Missouri is already struggling to meet its budget needs due to previously enacted tax changes and would require additional and steep cuts to services including education.

 Schools are already struggling in part due to gaps in the budget created by the passage of SB 641 and SB 1025 in 2016. When Missouri is unable to fully fund its portion of schools every district and every child suffers. This can be felt most strongly in districts that are struggling to pay for the cost of education due to lowering property values and tax revenue. The corporate tax is vital to these schools to help to make the playing field level for all Missouri children no matter the school district.

There are a few districts in Missouri that will be better able to adjust to such a loss in income. However, what about the districts that cannot? There are several districts that already have cut music and extra-curricular activities out of their budget. They already have had to lay off support staff and may have to eventually lay off [i]teachers. How are those schools going to be competitive with the schools that are better able to make up for decrease in funding? We have seen several schools across Missouri lose accreditation and the fall out of students moving to other districts. The further lack of funds that the loss of income tax would create a greater disparity between school districts. This will severely impair how students can be accepted into colleges and how schools will be able to attract quality staff.

Furthermore, with an educated population comes a qualified work force. This work force will help attract new businesses to Missouri. These new businesses in turn create new employment opportunities for Missourians. If we cannot fully invest in education we dissolve the very force that will propel Missouri onward. The children of Missouri deserve to have an equal chance no matter from which district they attend. We need to ensure they have career opportunities waiting for them to encourage them to stay in Missouri. Please tell your Senator to vote NO SB 884.

Sincerely,

 Your Name
PTA Unit

 

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Kristina Wilmoth
VP and Director of Legislation and Advocacy
kristinaw@mopta.org

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