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Rex Sinquefield's Let Voters Decide Campaign is already running strange radio ads in the Springfield market, and they're full of misleading and downright bogus claims. (Shocking!)
The truth is the proposed 'Everything Tax' would shift the tax burden away from billionaires like Rex Sinquefield onto working families and seniors like you and me. If the new 'Everything Tax' is created, Missourians will be forced to pay more for almost everything we buy every day. Seniors living on a fixed income would be hit especially hard with new sales taxes on their food, medicine and in-home or nursing home care. The taxes all of us pay at the grocery store would quadruple.
It gets worse. In addition to forcing us to pay more for almost everything we buy, this billionaire's pipe dream would also blow a hole in Missouri's already tight budget. Conservative and progressive economists alike estimate the 'Everything Tax' will create a budget shortfall of up to $3.2 billion. That means even more devastating cuts to schools in our communities, Medicaid, colleges and universities, and more.
To prop up this lose-lose proposition, the Sinquefield-funded Let Voters Decide committee is running radio ads with downright misleading statements. Here are a few claims we've heard already:
CNBC ranked Missouri as a top state for businesses in 2011. Missouri ranked #3 in cost of doing business (improving from 5th in 2010).
Missouri has the sixth lowest state tax burden in the country. According to an analysis by Republican State Auditor Tom Schweich, Missouri’s tax burden relative to personal income is lower than all but 6 states in the nation.